American International (AIG) 10-K 16 Feb 18 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2017	Feb. 07, 2018	Jun. 30, 2017
Document and Entity Information
Entity Registrant Name	AMERICAN INTERNATIONAL GROUP INC
Entity Central Index Key	5,272
Document Type	10-K
Document Period End Date	Dec. 31, 2017
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$ 56,480,000,000
Entity Common Stock, Shares Outstanding		902,468,889
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Fixed maturity securities:
Bonds available for sale, at fair value (amortized cost: 2017 - $225,461; 2016 - $232,241)	$ 238,992	$ 241,537
Other bond securities, at fair value (See Note 6)	12,772	13,998
Equity Securities:
Common and preferred stock available for sale, at fair value (cost: 2017 - $1,305; 2016 - $1,697)	1,708	2,078
Other common and preferred stock, at fair value (See Note 6)	589	482
Mortgage and other loans receivable, net of allowance (portion measured at fair value: 2017 - $5; 2016 - $11)	37,023	33,240
Other invested assets (portion measured at fair value: 2017 - $6,248; 2016 - $6,946)	20,822	24,538
Short-term investments (portion measured at fair value: 2017 - $2,615; 2016 - $3,341)	10,386	12,302
Total investments	322,292	328,175
Cash	2,362	1,868
Accrued investment income	2,356	2,495
Premiums and other receivables, net of allowance	10,248	10,465
Reinsurance assets, net of allowance	33,024	21,901
Deferred income taxes	14,033	21,332
Deferred policy acquisition costs	10,994	11,042
Other assets, including restricted cash of $317 in 2017 and $193 in 2016 (portion measured at fair value: 2017 - $922; 2016 - $1,809)	10,194	10,815
Separate account assets, at fair value	92,798	82,972
Assets held for sale	0	7,199
Total assets	498,301	498,264
Liabilities:
Liability for unpaid losses and loss adjustment expenses	78,393	77,077
Unearned premiums	19,030	19,634
Future policy benefits for life and accident and health insurance contracts	45,432	42,204
Policyholder contract deposits (portion measured at fair value: 2017 - $4,150; 2016 - $3,058)	135,602	132,216
Other policyholder funds (portion measured at fair value: 2017 - $0; 2016 - $5)	3,648	3,989
Other liabilities (portion measured at fair value: 2017 - $1,124; 2016 - $2,016)	26,050	26,296
Long-term debt (portion measured at fair value: 2017 - $2,888; 2016 - $3,428)	31,640	30,912
Separate account liabilities	92,798	82,972
Liabilities held for sale	0	6,106
Total liabilities	432,593	421,406
Contingencies, commitments and guarantees (see Note 16)
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 - 1,007,626,835; 2016 - 911,335,651 shares of common stock	(47,595)	(41,471)
Additional paid-in capital	81,078	81,064
Retained earnings	21,457	28,711
Accumulated other comprehensive income (loss)	5,465	3,230
Total AIG shareholders' equity	65,171	76,300
Non-redeemable noncontrolling interests	537	558
Total equity	65,708	76,858
Total liabilities and equity	$ 498,301	$ 498,264

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical - assets and liabilities) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Assets:
Bonds available for sale, amortized cost	$ 225,461	$ 232,241
Common and preferred stock available for sale, cost	1,305	1,697
Mortgage and other loans receivable, portion measured at fair value	5	11
Other invested assets, portion measured at fair value	6,248	6,946
Short-term investments, portion measured at fair value	2,615	3,341
Other assets, restricted cash	317	193
Other assets, portion measured at fair value	922	1,809
Liabilities:
Policyholder contract deposits, portion measured at fair value	4,150	3,058
Other policyholder funds, portion measured at fair value	0	5
Other liabilities, portion measured at fair value	1,124	2,016
Long-term debt, portion measured at fair value	$ 2,888	$ 3,428

CONSOLIDATED BALANCE SHEETS (P4

CONSOLIDATED BALANCE SHEETS (Parenthetical - equity) - $ / shares	Dec. 31, 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	1,007,626,835	911,335,651

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Revenues:
Premiums	$ 31,374	$ 34,393	$ 36,655
Policy fees	2,935	2,732	2,755
Net investment income	14,179	14,065	14,053
Net realized capital gains (losses):
Total other-than-temporary impairments on available for sale securities	(196)	(458)	(556)
Portion of other-than-temporary impairments on available for sale fixed maturity securities recognized in Other comprehensive income (loss)	(31)	(29)	(35)
Net other-than-temporary impairments on available for sale securities recognized in net income (loss)	(227)	(487)	(591)
Other realized capital gains (losses)	(1,153)	(1,457)	1,367
Total net realized capital gains (losses)	(1,380)	(1,944)	776
Other income	2,412	3,121	4,088
Total revenues	49,520	52,367	58,327
Benefits, losses and expenses:
Policyholder benefits and losses incurred	29,972	32,437	31,345
Interest credited to policyholder account balances	3,592	3,705	3,731
Amortization of deferred policy acquisition costs	4,288	4,521	5,236
General operating and other expenses	9,107	10,989	12,686
Interest expense	1,168	1,260	1,281
(Gain) loss on extinguishment of debt	(5)	74	756
Net (gain) loss on sale of divested businesses	(68)	(545)	11
Total benefits, losses and expenses	48,054	52,441	55,046
Income (loss) from continuing operations before income tax expense (benefit)	1,466	(74)	3,281
Income tax expense (benefit):
Current	636	576	820
Deferred	6,890	(391)	239
Income tax expense (benefit)	7,526	185	1,059
Income (loss) from continuing operations	(6,060)	(259)	2,222
Income (loss) from discontinued operations, net of income tax expense	4	(90)	0
Net income (loss)	(6,056)	(349)	2,222
Less:
Net income (loss) from continuing operations attributable to noncontrolling interests	28	500	26
Net income (loss) attributable to AIG	$ (6,084)	$ (849)	$ 2,196
Basic:
Income (loss) from continuing operations	$ (6.54)	$ (0.7)	$ 1.69
Income (loss) from discontinued operations	0	(0.08)	0
Net income (loss) attributable to AIG	(6.54)	(0.78)	1.69
Diluted:
Income (loss) from continuing operations	(6.54)	(0.7)	1.65
Income (loss) from discontinued operations	0	(0.08)	0
Net income (loss) attributable to AIG	$ (6.54)	$ (0.78)	$ 1.65
Weighted average shares outstanding:
Basic	930,561,286	1,091,085,131	1,299,825,350
Diluted	930,561,286	1,091,085,131	1,334,464,883
Dividends declared per common share	$ 1.28	$ 1.28	$ 0.81

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Net income (loss)	$ (6,056)	$ (349)	$ 2,222
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	367	(270)	(347)
Change in unrealized appreciation (depreciation) of all other investments	1,288	839	(6,762)
Change in foreign currency translation adjustments	539	250	(1,100)
Change in retirement plan liabilities adjustment	41	(126)	123
Other comprehensive income	2,235	693	(8,086)
Comprehensive income (loss)	(3,821)	344	(5,864)
Comprehensive income (loss) attributable to noncontrolling interests	28	500	20
Comprehensive income (loss) attributable to AIG	$ (3,849)	$ (156)	$ (5,884)

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, 2014	$ 107,272	$ 106,898	$ 4,766	$ (19,218)	$ 80,958	$ 29,775	$ 10,617	$ 374
Increase (Decrease) in Stockholders' Equity
Common stock issued under stock plans				13	(13)
Purchase of common stock	(10,895)	(10,895)		(10,895)
Net income (loss) attributable to AIG or noncontrolling interests	2,222	2,196				2,196		26
Dividends	(1,028)	(1,028)				(1,028)
Other Comprehensive Income (Loss)	(8,086)	(8,080)					(8,080)	(6)
Current and deferred income taxes	(9)	(9)			(9)
Net decrease due to deconsolidation	231							231
Contributions from noncontrolling interests	1							1
Distributions to noncontrolling interests	(82)							(82)
Other	584	576		2	574	0		8
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	(89)	(89)		86	(175)
Purchase of common stock	(11,460)	(11,460)		(11,460)
Net income (loss) attributable to AIG or noncontrolling interests	(349)	(849)				(849)		500
Dividends	(1,372)	(1,372)				(1,372)
Other Comprehensive Income (Loss)	693	693					693	0
Current and deferred income taxes	(208)	(208)			(208)
Net increase due to acquisitions and consolidations	43							43
Contributions from noncontrolling interests	22							22
Distributions to noncontrolling interests	(570)							(570)
Other	(62)	(73)		1	(63)	(11)		11
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	(178)	(178)		147	(325)
Purchase of common stock	(6,275)	(6,275)		(6,275)
Net income (loss) attributable to AIG or noncontrolling interests	(6,056)	(6,084)				(6,084)		28
Dividends	(1,172)	(1,172)				(1,172)
Other Comprehensive Income (Loss)	2,235	2,235					2,235	0
Current and deferred income taxes	(4)	(4)			(4)	0
Net increase due to acquisitions and consolidations	101							101
Contributions from noncontrolling interests	42							42
Distributions to noncontrolling interests	(193)							(193)
Other	350	349		4	343	2		1
Balance at Dec. 31, 2017	$ 65,708	$ 65,171	$ 4,766	$ (47,595)	$ 81,078	$ 21,457	$ 5,465	$ 537

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS $ in Millions	12 Months Ended
	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Cash flows from operating activities:
Net income (loss)	$ (6,056)	$ (349)	$ 2,222
(Income) loss from discontinued operations	(4)	90	0
Noncash revenues, expenses, gains and losses included in income:
Net gains on sales of securities available for sale and other assets	(431)	(2,033)	(1,111)
Net (gains) losses on sales of divested businesses	(68)	(545)	11
(Gains) losses on extinguishment of debt	(5)	74	756
Unrealized (gains) losses in earnings - net	79	1,465	(522)
Equity in income from equity method investments, net of dividends or distributions	(401)	(54)	(481)
Depreciation and other amortization	3,874	4,090	4,629
Impairments of assets	685	1,116	1,500
Changes in operating assets and liabilities:
Insurance reserves	2,637	5,325	1,645
Premiums and other receivables and payables - net	410	536	(70)
Reinsurance assets and funds held under reinsurance treaties	(10,870)	(1,804)	1,525
Capitalization of deferred policy acquisition costs	(4,819)	(5,216)	(5,808)
Current and deferred income taxes - net	6,981	(308)	548
Other, net	(597)	(4)	(1,967)
Total adjustments	(2,525)	2,642	655
Net cash provided by (used in) operating activities	(8,585)	2,383	2,877
Sales or distribution of:
Available for sale securities	31,082	30,103	28,721
Other securities	3,792	4,164	6,055
Other invested assets	7,664	9,554	8,002
Divested businesses, net	792	2,809	0
Maturities of fixed maturity securities available for sale	29,011	25,749	24,734
Principal payments received on and sales of mortgage and other loans receivable	5,742	6,074	5,104
Purchases of:
Available for sale securities	(49,856)	(54,978)	(48,848)
Other securities	(1,147)	(935)	(2,704)
Other invested assets	(2,874)	(3,421)	(3,573)
Mortgage and other loans receivable	(9,369)	(10,651)	(10,140)
Net change in restricted cash	(121)	385	1,457
Net change in short-term investments	2,098	(3,089)	1,163
Other, net	(2,143)	(1,020)	(1,509)
Net cash provided by (used in) investing activities	14,671	4,744	8,462
Proceeds from (payments for)
Policyholder contract deposits	17,908	18,100	17,029
Policyholder contract withdrawals	(15,785)	(14,041)	(14,619)
Issuance of long-term debt	3,356	5,954	6,867
Repayments of long-term debt	(3,698)	(4,082)	(9,805)
Purchase of Common Stock	(6,275)	(11,460)	(10,691)
Dividends paid	(1,172)	(1,372)	(1,028)
Other, net	(31)	68	818
Net cash provided by (used in) financing activities	(5,697)	(6,833)	(11,429)
Effect of exchange rate changes on cash	(28)	52	(39)
Net increase (decrease) in cash	361	346	(129)
Cash at beginning of year	1,868	1,629	1,758
Change in cash of businesses held for sale	133	(107)	0
Cash at end of Period	$ 2,362	$ 1,868	$ 1,629

Supplementary Disclosure of Con

Supplementary Disclosure of Consolidated Cash Flow Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Cash paid during the period for:
Interest	$ 1,282	$ 1,331	$ 1,368
Taxes	544	493	511
Non-cash investing/financing activities:
Interest credited to policyholder contract deposits included in financing activities	3,309	3,430	3,676
International Lease Finance Corporation (ILFC)
Sale of businesses and securities
Non-cash consideration received from sale	0	0	0
Aer Cap
Sale of businesses and securities
Non-cash consideration received from sale	0	0	500
United Guaranty Corporation
Sale of businesses and securities
Non-cash consideration received from sale	$ 0	$ 1,101	$ 0

BASIS OF PRESENTATION

BASIS OF PRESENTATION	12 Months Ended
	Dec. 31, 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. The consolidated financial statements include the accounts of AIG Parent, our controlled subsidiaries (generally through a greater than 50 percent ownership of voting rights and voting interests), and variable interest entities (VIEs) of which we are the primary beneficiary. Equity investments in entities that we do not consolidate, including corporate entities in which we have significant influence and partnership and partnership-like entities in which we have more than minor influence over the operating and financial policies, are accounted for under the equity method unless we have elected the fair value option. Certain of our foreign subsidiaries included in the 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 subsidiar ies through the date of each of the periods presented in these Consolidated Financial Statements has been considered for adjustment and/or disclosure. The accompanying consolidated financial statements have been prepared in accordance with accounting prin ciples generally accepted in the United States (GAAP). All material intercompany accounts and transactions have been eliminated. Sales of Businesses Sale of Certain Insurance Subsidiary Operations to Fairfax 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 Turkey. Fairfax will also acquire renewal rights for th e 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 consideration to us is expected to be approximately $234 m illion. 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 in Bulgaria, the Czech Republic, Hungary, Poland and S lovakia 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 cash proceeds of $168 million. Substantially all of th e operations and renewal rights that we agreed to sell Fairfax were sold by December 31, 2017. AIG Fuji Life Insurance On November 14, 2016, we entered into an agreement to sell Fuji Life to FWD Group, the insurance arm of Pacific Century Group. Total cas h consideration to us was approximately $333 million. The transaction closed on April 30, 2017. United Guaranty On December 31, 2016, we sold our 100 percent interest in U nited G uaranty C orporation (United Guaranty) and certain related affiliates to Arch Capital Group Ltd. (Arch) for total consideration of $3.3 billion, consisting of $2.2 billion of cash and approximately $1.1 billion of newly issued Arch convertible non-voting common-equivalent preferred stock and reported a pre-tax gain of approximately $697 million . We also received $261 million in pre-closing dividends from United Guaranty in the fourth quarter of 2016. However, due to pending regulatory approvals, United Guaranty Asia was not included in the December 31, 2016 closing and $40 million of cash consideration was retained by Arch. The sale of United Guaranty Asia was completed on July 1, 2017 and we received the $40 million cash proceeds. Concurrent with the closing, we entered into reinsurance agreements with Arch, including an amended and restated 50 percent quota share reinsurance agreement and an aggregate excess of loss reinsurance agreement, pursuant to which we will continue to be exposed to certain United Guaranty policies written between 2009 and 2016. Ascot On September 16, 2016, we entered into an agreement to sell our 20 percent interest in Ascot Underwriting Holdings Ltd. and our 100 percent interest in the related syndicate-funding subsidiary Ascot Corporate Name Ltd. to Canada Pension Plan Investment Board (CPPIB). Total conside ration for the transaction was $1.1 billion resulting in a pre-tax gain of approximately $162 million attributable to AIG’s controlling interest, inclusive of CPPIB’s recapitalization of Syndicate 1414’s Funds at Lloyd’s (FAL) capital requirements. The tra nsaction closed on November 18, 2016, and we received approximately $244 million in net cash proceeds. Korea Fund On November 17, 2016, an AIG sponsored Fund (the Korea Fund), completed the sale of mixed-use commercial complex in Seoul, South Kor ea commonl y known as the Seoul I nternational Finance Center to Brookfield Properties for a total consideration of $2.5 b illion , of which $1.2 billion was used to repay the fund’s debt. The sale resulted in a pr e- ta x g a in o f $1. 1 b i ll i o n incl u de d in Othe r Income, of which $464 million was attributable to AIG’s controlling interest . NSM On August 31, 2016, we sold our controlling interest in NSM Insurance Group LLC (NSM), a managing general agent to ABRY Partners, a private equity firm, for consideration of $201 mil lion resulting in a pre-tax gain of approximately $105 million in the third quarter of 2016. We retained an equity interest in a newly formed joint venture and will continue to provide underwriting capacity to NSM. Use of Estimates The preparation of fina ncial 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 conside red our critical accounting estimates and are related to the determination of: liability for unpaid losses and loss adjustment expenses (loss reserves); reinsurance assets; valuation of future policy benefit liabilities and timing and extent of loss recognition; valuation of liabilities for guaranteed benefit features of variable annuity products; estimated gross profits to value deferred 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; allowances for loan losses; liability for legal contingencies; fair val ue measurements of certain financial assets and liabilities; and income tax assets and liabilities, including recoverability of our net deferred tax asset and the predictability of future tax operating profitability of the character necessary to realize th e net deferred tax asset and provisional estimates associated with the Tax Act. These accounting estimates require the use of assumptions about matters, some of which are highly uncertain at the time of estimation. To the extent actual experience differs f rom the assumptions used, our consolidated financial condition, results of operations and cash flows could be materially affected. Out of Period Adjustments For the year ended December 31, 2016, we recorded out of period adjustments relating to prior years that increased Net loss attributable to AIG by $174 million, increased Loss from continuing operations before income taxes by $57 million and decreased adjusted pre-tax income by $6 million. The out of period adjustments are primarily related to income t ax liabilities and ceded loss adjustment expenses. Had these adjustments, which were determined not to be material, been recorded in their appropriate periods, Net Income attributable to AIG for the years ended December 31, 2015 and 2014 would have decrea sed by $67 million and $12 million, respectively. For the year ended December 31, 2015, we recorded out of period adjustments relating to prior years that decreased Net income attributable to AIG by $156 million, decreased Income from continuing operations before income taxes by $376 million and decreased adjusted pre-tax income by $235 million. The out of period adjustments are primarily related to impairments of Other invested assets and changes in loss reserves and income tax liabilities. Had these adjus tments, which were determined not to be material, been recorded in their appropriate periods, Net income attributable to AIG for the year ended December 31, 2014 would have decreased by $51 million.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2017
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2 . Summary of Significant Accounting Policies The following table identifies our significant accounting policies presented in other Notes to these Consolidated Financial Statements, with a reference to the Note where a detailed description can be found: Note 6 . Investments Fixed maturity and equity securities Other invested assets Short-term investments Net investment income Net realized capital gains (losses) Other-than-temporary impairments Note 7 . Lending Activities Mortgage and other loans receivable – net of allowance Note 8 . Reinsurance Reinsurance assets – net of allowance Retroactive reinsurance Note 9 . Deferred Policy Acquisition Costs Deferred policy acquisition costs Amortization of deferred po licy acquisition costs Note 10 . Variable Interest Entities Note 11 . Derivatives and Hedge Accounting Derivative assets and liabilities, at fair value Note 12 . Goodwill Note 13 . Insurance Liabilities Liability for unpaid losses and loss adjustment expenses Discounting of reserves Future policy benefits Policyholder contract deposits Other policyholder funds Note 14 . Variable Life and Annuity Contracts Note 15 . Debt Long-term debt Note 16 . Contingencies, Commitments and Guarantees Legal contingencies Note 18 . Earnings Per Share Note 23 . Income Taxes Other significant accounting policies Premiums for short-duration contracts are recorded as written on the inception date of the policy. Premiums are earned primarily on a pro rata basis over the term of the related coverage. Sales of extended services contracts are reflected as premiums written and e arned on a pro rata basis over the term of the related coverage. In addition, certain miscellaneous income is included as premiums written and earned. The reserve for unearned premiums includes the portion of premiums written relating to the unexpired ter ms of coverage. Reinsurance premiums are typically earned over the same period as the underlying policies or risks covered by the contract. As a result, the earnings pattern of a reinsurance contract may extend up to 24 months, reflec ting the inception dates of the underlying policies throughout the year. Reinsurance premiums ceded under prospective reinsurance agreements are recognized as a reduction in revenues over the period the reinsurance coverage is provided in proportion to the risks to which the premiums relate. Prem iums for long-duration insurance products and life contingent annuities are recognized as revenues when due. Estimates for premiums due but not yet collected are accrued. Policy fees represent fees recognized from universal life and investment-type produc ts consisting of policy charges for the cost of insurance, policy administration charges, surrender charges and amortization of unearned revenue reserves. Policy fees are recognized as revenues in the period in which they are assessed against policyholders , unless the fees are designed to compensate AIG for services to be provided in the future. Fees deferred as unearned revenue are amortized in relation to the incidence of expected gross profits to be realized over the estimated lives of the contracts, si milar to DAC. Other income includes advisory fee income from the Life and Retirement broker dealer business, as well as legal recoveries of $ 27 million, $ 44 million and $ 94 million from leg acy crisis and other matters in 2017 , 2016 and 2015 , respectively. Other income from our Other Operations category consists of the following: Changes in fair value relating to financial assets and liabilities for which the fa ir value option has been elected. Interest income and related expenses, including amortization of premiums and accretion of discounts on bonds with changes in the timing and the amount of expected principal and interest cash flows reflected in the yield, a s applicable. Dividend income from common and preferred stock and earnings distributions from other investments. Changes in the fair value of other securities sold but not yet purchased, futures, hybrid financial instruments, securities purchased under agr eements to resell, and securities sold under agreements to repurchase. Income earned on real estate based investments and related realized gains and losses from sales, property level impairments and financing costs. Exchange gains and losses resulting from foreign currency transactions. Earnings from private equity funds and hedge fund investments accounted for under the equity method. Changes in the fair value of derivatives at AIG Financial Products Corp. and related subsidiaries (collectively AIGFP). Cas h represents cash on hand and non-interest-bearing demand deposits. Short-term investments consist of interest -bearing cash equivalents, time deposits, securities purchased under agreements to resell, and investments, such as commercial paper, with origina l maturities within one year from the date of purchase. Premiums and other receivables – net of allowance include premium balances receivable, amounts due from agents and brokers and policyholders, trade receivables for the Direct Investment book (DIB) and Global Capital Markets (GCM) and other receivables. Trade receivables for GCM include cash collateral posted to derivative counterparties that is not eligible to be netted against derivative liabilities. The allowance for doubtful accounts on premiums and other receivables was $ 236 million and $ 279 million at December 31, 2017 and 2016 , respectively. Other assets consist of sales inducement assets, prepaid expenses, deposits, other deferred charges, real estate, other fixed assets, capitalized software costs, goodwill, intangible assets other than goodwill, restricted cash and derivative assets. We offer sales inducements which include enhanced crediting rates or bonus payments to co ntract holders (bonus interest) on certain annuity and investment contract products. Sales inducements provided to the contract holder are recognized in Policyholder contract deposits in the Consolidated Balance Sheets. Such amounts are deferred and amorti zed over the life of the contract using the same methodology and assumptions used to amortize DAC (see Note 9 herein) . To qualify for such accounting treatment, the bonus interest must be explicitly identified in the contract at inception. We must als o demonstrate that such amounts are incremental to amounts we credit on similar contracts without bonus interest, and are higher than the contract’s expected ongoing crediting rates for periods after the bonus period. The deferred bonus interest and other deferred sales inducement assets totaled $ 738 million and $ 808 million at December 31, 2017 and 2016 , respectively. The amortization expense associated with these assets is reported within Intere st credited to policyholder account balances in the Consolidated Statements of Income. Such amortization expense totaled $ 94 million, $ 77 million and $ 88 million for the years ended December 31, 2017 , 2016 and 2015 , respectively. The cost of buildings and furniture and equipment is depreciated principally on the straight-line basis over their estimated useful lives (maximum of 40 years for buildings and 10 years for furniture and equipment). Expenditures for maintenance and repairs are charged to income as incurred and expenditures for improvements are capitalized and depreciated. We periodically a ssess the carrying amount of our real estate for purposes of determining any asset impairment. Capitalized software costs, which represent costs directly related to obtaining, developing or upgrading internal use software, are capitalized and amortized usi ng the straight-line method over a period generally not exceeding five years. Real estate, fixed assets and other long-lived assets are assessed for impairment when impairment indicators exist. Separate accounts represent funds for which investment income and investment gains and losses accrue directly to the policyholders who bear the investment risk. Each account has specific investment objectives and the assets are carried at fair value. The assets of each account are legally segregated and are not subject to claims that arise from any of our other businesses. The liabilities for these accounts are equal to the account assets. Separate accounts may also include deposits for funds held under st able value wrap funding agreements, although the majority of stable value wrap sales are measured based on the notional amount included in assets under management and do not include the receipt of funds. For a more detailed discussion of separate accou nts see Note 14 herein . Other liabilities consist of other funds on deposit, other payables, securities sold under agreements to repurchase, securities sold but not yet purchased, derivative liabilities and deferred gains on retroactive reinsurance agreements . We have entered into certain insurance a nd reinsurance contracts, primarily in our General Insurance companies, that do not contain sufficient insurance risk to be accounted for as insurance or reinsurance. Accordingly, the premiums received on such contracts, after deduction for certain related expenses, are recorded as deposits within Other liabilities in the Consolidated Balance Sheets. Net proceeds of these deposits are invested and generate Net investment income. As amounts are paid, consistent with the underlying contracts, the deposit liab ility is reduced. Also included in Other liabilities are trade payables for the DIB and GCM, which include option premiums received and payables to counterparties that relate to unrealized gains and losses on futures, forwards, and options and balances due to clearing brokers and exchanges. Trade payables for GCM also include cash collateral received from derivative counterparties that contractually cannot be netted against derivative assets. Securities sold but not yet purchased represent sales of securiti es not owned at the time of sale. The obligations arising from such transactions are recorded on a trade-date basis and carried at fair value. Fair values of securities sold but not yet purchased are based on current market prices. Foreign currency: Fin ancial statement accounts expressed in foreign currencies are translated into U.S. dollars. Functional currency assets and liabilities are translated into U.S. dollars generally using rates of exchange prevailing at the balance sheet date of each respectiv e subsidiary and the related translation adjustments are recorded as a separate component of Accumulated other comprehensive income, net of any related taxes, in Total AIG shareholders’ equity. Income statement accounts expressed in functional currencies a re translated using average exchange rates during the period. Functional currencies are generally the currencies of the local operating environment. Financial statement accounts expressed in currencies other than the functional currency of a consolidated e ntity are remeasured into that entity’s functional currency resulting in exchange gains or losses recorded in income. The adjustments resulting from translation of financial statements of foreign entities operating in highly inflationary economies are reco rded in income. Non-redeemable noncontrolling interest is the portion of equity (net assets) in a subsidiary not attributable, directly or indirectly, to a parent. Accounting Standards Adopted During 2017 Derivative Contract Novations In March 2016, the F inancial 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-designat ion 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 consolid ated financial condition, results of operations 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 tha t 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 conside r whether (1) the amount paid upon settlement 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 exercisable. 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 wh ich the investment had been held. 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. Interest Held through Related Parties that are under 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 ne w 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 characteristics 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, r esults of operations or cash flows. Clarifying the Definition of a Business In January 2017, the FASB issued an accounting standard 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 transfer red assets and activities is not a business. At a minimum, a set must include an input and a substantive process that together significantly contribute to the ability to create output. We adopted the standard on October 1, 2017. The impact of the standa rd is primarily related to our investments in real estate. As a result of the adoption, we anticipate that future acquisitions of certain real estate investments will no longer meet the definition of a business and will be treated as asset acquisitions. As a result, no goodwill would be recognized from these investments and certain costs can be capitalized as part of asset acquisitions. The adoption of this standard did not have a material effect on our consolidated financial condition, results of operat ions 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, financial 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 will 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 the standard, there are no m aterial changes in the timing or measurement of revenues based upon the guidance. As substantially all of our revenue sources are excluded from the scope of the standard, the adoption of the standard will not have a material effect on our reported consoli dated financial 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 tha t 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 subsequent 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 t his standard on its effective date of January 1, 2018 using the modified retrospective approach. Based on our review, substantially all of our assets and liabilities are not within the scope of the standard. The adoption of the standard will not have a ma terial effect on our reported consolidated 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 and 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 of 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 consolidated financial condition, results of operations, cash flows or required disclosures. Financial Instruments - Credit Losses In June 2016, the FASB issued an accoun ting 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 expos ures. 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 rat her than 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 co ntinuing 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 allowances 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 economi c conditions 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 the statement of cash flows. The amendments provide clarity on the treatment of eight specifically defined types of cash inflows and outflows. We will adopt this standard retrospectively on its effective date of January 1, 2018 . The standard addresses presentation in the statement 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 iss ued an accounting standard that 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 will adopt the s tandard on its effective date of January 1, 2018 using a modified retrospective approach. The adoption of this standard will not have a material impact on our reported consolidated financial condition, results of operations, cash flows or required disclos ures. Restricted Cash In November 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 equivalents, and amounts generally described as restricted cash or restricted cash equivalents in the statement of cash flows. We will adopt the standard retrospectively on its effective date of January 1, 2018. The standard addresse s presentation of restricted 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. 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 goodwill impairment charge. Instead, entities will record an impairment char ge 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 consider income tax effects from tax deductible goodwill on the carrying am ount of the reporting unit when measuring the goodwill impairment loss, if applicable. The standard is effective on January 1, 2020, with early adoption permitted. We are evaluating the timing of our adoption. Any 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 February 2017, the FASB issued an accounting standard that clarifies the scope of the derecognition guidanc e for the sale, transfer and derecognition of non-financial assets to noncustomers that aligns with the new revenue recognition principles. The standard also adds new accounting for partial sales of nonfinancial assets (including in substance real estate) that requires an entity to derecognize a nonfinancial asset when it 1) ceases to have a controlling financial interest in the legal entity that holds the asset based on the consolidation model and 2) transfers control of the asset based on the revenue rec ognition model. We will adopt t his standard on its effective date of January 1, 2018 under the modified retrospective approach. Based on our evaluatio n, we do not expect the standard to have a material impact on our reported consolidated financial conditio n, result s of operations, cash flows or required disclosures. Improving the Presentation of Net Periodic Pension and Postretirement Benefit Cost In March 2017, the FASB issued an accounting standard that requires entities to report the service cost compone nt 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 presented in the income statement. The amendments also allow only the service cost component to be eligible for capitalization when applicable. We will adopt this standard on its effective date of January 1, 2018. The standard primarily addres ses the presentation of the service cost component of net periodic benefit costs in the income statement. AIG’s U.S. pension plans are frozen and no longer accrue benefits, which are reflected as service costs. Therefore, the standard will have no material effect on our reported consolidated financial condition, results of operations, cash flows or required disclosures. Premium Amortization on Purchased Callable Debt Securities In March 2017, the FASB issued an accounting standard that shortens the amortiza tion 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 reported consolidated financial condition, results of operations, cash flows or required disclo sures. 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 conditions 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 consolidated financial condition, results of operations, cash flows or required disclosures. Derivatives and Hedging In August 2017, the 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 entit y’s risk management activities, enhance the transparency on how the economic results are presented in the financial statements and the footnote, and simplify the 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. Reclassification of Certain Tax E ffects from Accumulated Other Comprehensive Income In February 2018, the FASB issued an accounting standard that allows the optional reclassification of stranded tax effects within accumulated other comprehensive income to retained earnings that arise due to the enactment of the Tax Cuts and Jobs Act of 2017 (Tax Act). The amount of the reclassification would reflect the effect of the change in the U.S. federal corporate income tax rate on the gross deferred tax amounts and related valuation allowances, if any, at the date of enactment of the Tax Act and other income tax effects of the Tax Act on items remaining in accumulated other comprehensive income. We plan to early adopt the standard using a retrospective approach effective January 1, 2018. For more i nformation on the adoption of the Tax Act, see Note 23.

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
	Dec. 31, 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. In the fourth quarter of 2017 , we finalized our plan to reorganize our operating model . Pri or to the fourth quarter of 2017 , we reported our results as follows: Commercial Insurance busines s included our Liability and Financial Lines and Property and Special Risks operating segment s ; Consumer Insura nce business included our Individual Retirement , Group Retirement, Life Insurance and Personal Insurance operating segments Other Operations category consisted of businesses and items not allocated to our operating segments, including Institutional Markets , United Guaranty and Fuji Life . Legacy Portfolio segment consisted of Legacy Insurance Lines represent ing exited or discontinued product lines, policy forms or distribution channels. We now report our results of operations as follows: General Insurance General Insurance business is presented as two operating segments: North America — consists of insurance businesses in the United States, Canada and Bermuda. International — consists of insurance businesses in Japan, United Kingdom, Europe, Asia Pacific, Latin America, Puerto Rico, Australia, the Middle East and Africa. Results are presented before internal reinsurance transactions. North America and International operating segments consist of the following products: – Commercial Lines — consists of L iability, Financial Lines, Property and Special Risks. – Pe rsonal Insurance — consists of P ersonal Lines and Accident and Health. Life and Retirement Life and Retirement business is presented as four operating segments: Individual Retirement — consists of fixed annuities, fixed index annuities, variable annuities and retail mutual funds. Group Retirement — consists of group mutual funds, group fixed annuities, group variable annuities, individual annuity and investment products, financial planning and advisory se rvices. Life Insurance — primary products in the U.S. include term life and universal life insurance. International operations include distribution of life and health products in the UK and Ireland. Institutional Markets — consists of stable value wrap products, structured settlement and pension risk transfer annuities, corporate- and bank-owned life insurance and guaranteed investment contracts (GICs). Other Operations The Other Operations category consists of: Income fr om assets held by AIG Parent and other corporate subsidiaries. General operating expenses not attributable to specific reporting segments. Interest expense. Blackboard — a data-enabled, digital subsidiary that provides the commercial insurance industry wit h alternative solutions using digital technology, data analytics and automation United Guaranty — Mortgage insurance protects mortgage lenders and investors against the increased risk of borrower default related to high loan-to-value mortgages. The sale of this business was completed on December 31, 2016. Fuji Life — consists of term insurance, life insurance, end owment policies and annuities. The sale of this business was completed on April 30, 2017. Legacy Portfolio The Legacy Portfolio segment consists of: Legacy Insurance Lines represent exited or discontinued product lines, policy forms or distribution channels. Legacy General Insurance Run-Off Lines — consists of asbestos and environmental exposures and other exposures within certain Property and Cas ualty profit centers no longer actively marketed , including excess workers’ compensation, environmental impairment liability, public entity liability, accident & health, physicians and surgeons professional liability, and various other workers’ compensation and general liability exposures. Legacy Life and Retirement Run-Off Lines — include whole life, long- term care and exited accident & health product lines. Also includes certain structu red set tlement, pension risk transfer annuities and single premium immediate annuities written prior to April 2012. Legacy Investments — include investment classes that we have placed into run-off. On December 31, 20 16, we completed the sale of United Guaranty to Arch. See Note 1 for a further discussion. In the second quarter of 2015, a United Guaranty subsidiary and certain of our General Insurance companies entered into a 50 percent quota share reinsurance agreement whereby the United Guaranty subsidiary (1) ceded 50 percent of the risk relating to policies written in 2014 that were current as of January 1, 2015 and (2) ceded 50 percent of the risk relating to all policies written in 2015 and 2016, each in exchange for a 30 percent ceding commission and r eimbursements of 50 percent of the losses and loss adjustment expenses incurred on covered policies. Beginning in the third quarter of 2016, the effect of this intercompany reinsurance arrangements is included in the results of Property and Special Risks a nd Other Operations for all periods presented. Previously, this arrangement was eliminated for purposes of segment reporting. Concurrent wit h the closing of the sale of United Guaranty , we amended and restated this arrangement and expect the results of thi s arrangement to continue to be reported in Property and Special Risks. Investment income of the General Insurance c ompanies is attributed to the North America and International operating segments based on an internal investment income allocation model. The model estimates investable funds based primarily on loss reserves and unearned premiums . Investment income of the Life and Retirement c ompanies is attributed to the Individual Retirement, Group Retirement, Life Insurance and Institutional Markets operating segments as w ell as the Legacy Life and Retirement Run-Off Lines based on invested assets in segregated product line portfolios; income from invested assets in excess of liab ilities is allocated to product lines based on internal capital estimates. We evaluate segment performance based on adjusted revenues and adjusted pre-tax income (loss). Adjusted rev enues and adjusted pre-tax income (loss) are derived by excluding certain items from total revenues and net income (loss) attributable to AIG, respectively. For the items excluded from adjusted revenues and adjusted pre-tax income (loss) see the table belo w. The following table presents AIG’s continuing operations by operating segment: Net Adjusted Total Investment Interest Amortization Pre-Tax (in millions) Revenues Income Expense of DAC Income (Loss) 2017 General Insurance North America $ 14,600 $ 3,145 $ 31 $ 1,305 $ (232) International 15,094 523 (9) 2,460 (581) Total General Insurance 29,694 3,668 22 3,765 (813) Life and Retirement Individual Retirement 5,514 4,013 58 415 2,289 Group Retirement 2,848 2,164 32 84 1,004 Life Insurance 4,056 1,044 13 239 274 Institutional Markets 3,168 595 6 5 264 Total Life and Retirement 15,586 7,816 109 743 3,831 Other Operations 1,413 53 968 (9) (1,405) Legacy Portfolio 4,391 2,776 122 76 1,470 AIG Consolidation and elimination (308) (280) (53) 4 75 Total AIG Consolidated adjusted revenues and adjusted pre-tax income $ 50,776 $ 14,033 $ 1,168 $ 4,579 $ 3,158 Reconciling Items from adjusted pre-tax income to pre-tax income (loss): Changes in fair value of securities used to hedge guaranteed living benefits 146 146 - - 146 Changes in benefit reserves and DAC, VOBA and SIA related to net realized capital gains - - - (291) 303 Other income (expense) - net (49) - - - - Gain on extinguishment of debt - - - - 5 Net realized capital losses (1,380) - - - (1,380) Income from divested businesses - - - - 68 Non-operating litigation reserves and settlements 27 - - - 129 (Unfavorable) favorable prior year development and related amortization changes ceded under retroactive reinsurance agreements - - - - (303) Net loss reserve discount (benefit) charge - - - - (187) Pension expense related to a one-time lump sum payment to former employees - - - - (60) Restructuring and other costs - - - - (413) Revenues and Pre-tax income $ 49,520 $ 14,179 $ 1,168 $ 4,288 $ 1,466 2016 General Insurance North America $ 17,005 $ 3,041 $ 28 $ 1,444 $ (2,399) International 16,135 513 - 2,677 348 Total General Insurance 33,140 3,554 28 4,121 (2,051) Life and Retirement Individual Retirement 5,758 3,878 50 298 2,269 Group Retirement 2,769 2,146 26 129 931 Life Insurance 3,818 1,035 12 182 (37) Institutional Markets 1,433 563 4 4 265 Total Life and Retirement 13,778 7,622 92 613 3,428 Other Operations 2,517 207 978 72 (1,011) Legacy Portfolio 5,250 2,913 282 108 1,007 AIG Consolidation and elimination (494) (351) (120) (117) 42 Total AIG Consolidated adjusted revenues and adjusted pre-tax income $ 54,191 $ 13,945 $ 1,260 $ 4,797 $ 1,415 Reconciling Items from adjusted pre-tax income to pre-tax income: Changes in fair value of securities used to hedge guaranteed living benefits 120 120 - - 120 Changes in benefit reserves and DAC, VOBA and SIA related to net realized capital gains - - - (276) 195 Other income (expense) - net (44) - - - - Loss on extinguishment of debt - - - - (74) Net realized capital losses (1,944) - - - (1,944) Loss from divested businesses - - - - 545 Non-operating litigation reserves and settlements 44 - - - 41 (Unfavorable) favorable prior year development and related amortization changes ceded under retroactive reinsurance agreements - - - - 42 Net loss reserve discount (benefit) charge - - - - 427 Pension expense related to a one-time lump sum payment to former employees - - - - (147) Restructuring and other costs - - - - (694) Revenues and Pre-tax income $ 52,367 $ 14,065 $ 1,260 $ 4,521 $ (74) 2015 General Insurance North America $ 18,482 $ 3,196 $ 13 $ 1,699 $ 558 International 16,186 550 - 2,620 70 Total General Insurance 34,668 3,746 13 4,319 628 Life and Retirement Individual Retirement 6,450 3,805 27 431 1,812 Group Retirement 2,834 2,192 15 50 1,100 Life Insurance 3,771 1,034 7 311 (51) Institutional Markets 2,267 510 3 2 263 Total Life and Retirement 15,322 7,541 52 794 3,124 Other Operations 2,326 196 1,027 47 (825) Legacy Portfolio 5,771 2,928 292 102 1,133 AIG Consolidation and elimination (496) (315) (103) (26) (76) Total AIG Consolidated adjusted revenues and adjusted pre-tax income $ 57,591 $ 14,096 $ 1,281 $ 5,236 $ 3,984 Reconciling Items from adjusted pre-tax income to pre-tax income: Changes in fair value of securities used to hedge guaranteed living benefits (43) (43) - - (43) Changes in benefit reserves and DAC, VOBA and SIA related to net realized capital gains - - - - (15) Other income (expense) - net (43) - - - - Loss on extinguishment of debt - - - - (756) Net realized capital gains 776 - - - 776 Loss from divested businesses (48) - - - (59) Non-operating litigation reserves and settlements 94 - - - 82 (Unfavorable) favorable prior year development and related amortization changes ceded under retroactive reinsurance agreements - - - - (263) Net loss reserve discount (benefit) charge - - - - 71 Restructuring and other costs - - - - (496) Revenues and Pre-tax income $ 58,327 $ 14,053 $ 1,281 $ 5,236 $ 3,281 The following table presents AIG’s year-end identifiable assets and capital expenditures by legal entity category: Year-End Identifiable Assets Capital Expenditures (in millions) 2017 2016 2017 2016 General Insurance companies $ 114,841 $ 118,287 $ 239 $ 685 Life and Retirement companies 289,457 269,813 88 85 Other 105,425 122,016 156 349 AIG Consolidation and Elimination (11,422) (11,852) - - Total Assets $ 498,301 $ 498,264 $ 483 $ 1,119 The following table presents AIG’s consolidated total revenues and real estate and other fixed assets, net of accumulated depreciation, by major geographic area: Real Estate and Other Fixed Assets, Total Revenues * Net of Accumulated Depreciation (in millions) 2017 2016 2015 2017 2016 2015 North America $ 34,149 $ 36,871 $ 41,680 $ 1,630 $ 1,326 $ 1,819 International 15,371 15,496 16,647 892 1,334 1,316 Consolidated $ 49,520 $ 52,367 $ 58,327 $ 2,522 $ 2,660 $ 3,135 * Revenues are generally reported according to the geographic location of the reporting unit . International revenues consists of revenues from our General Insurance International operating segment.

HELD-FOR-SALE CLASSIFICATION

HELD-FOR-SALE CLASSIFICATION	12 Months Ended
	Dec. 31, 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 business 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. At December 31, 2017 , we had no businesses classified as held-for-sale. At December 31, 2016 , the following businesses were reported as held-for-sale: United Guaranty Asia On August 15, 2016, we entered into a definitive agreement to sell our 100 percent interest in United Guaranty and certain related affiliates to Arch. This transaction closed on December 31, 2016 and we received proceeds of approximately $3.3 billion, consis ting of $2.2 billion of cash, and approximately $1.1 billion of newly issued Arch convertible non-voting common-equivalent preferred stock. We also received $261 million in pre-closing dividends from United Guaranty in the fourth quarter of 2016. However, due to pending regulatory approvals, United Guaranty Asia was not included in the December 31, 2016 closing and $40 million of cash consideration was retained by Arch. The sale of United Guaranty Asia was completed on July 1, 2017 and we received the $40 million cash proceeds. Sale of Certain Insurance Subsidiary Operations to Fairfax 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 s ubsidiary operations in Argentina, Chile, Colombia, Uruguay, Venezuela and Turkey. 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 Slovaki a, and assume certain of our operating assets and employees. Total cash consideration 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 quar ter of 2017, the sale of operations in Turkey as well as the renewal rights in 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 op erations in Colombia, Chile and Argentina were completed, which resulted in cash proceeds of $168 million. Substantially all of the operations and renewal rights that we agreed to sell Fairfax were sold by December 31, 2017. AIG Fuji Life Insurance On Nov ember 14, 2016, we entered into an agreement to sell Fuji Life to FWD Group, the insurance arm of Pacific Century Group. Total cash consideration to us was approximately $333 million. The sale resulted in a pr e- ta x loss of $ 591 m i ll i o n. The sale of Fuji Li fe was completed on April 30, 2017. The following table summarizes the components of assets and liabilities held-for-sale on the Consolidated 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 Long-term debt - Other liabilities 450 Total liabilities held for sale $ 6,106

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2017
FAIR VALUE MEASUREMENTS
FAIR VALUE MEASUREMENTS	5 . Fair Value Measurements Fair Value Measurements on a Recurring Basis We carry certain of our financial instruments at fair value. We define the fair value of a financial instrument as the amount that would be received from the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. We are responsible for the determination of the value of the investments carried at fair value and the supporting methodologies and assumpt ions. The degree of judgment used in measuring the fair value of financial instruments generally inversely correlates with the level of observable valuation inputs. We maximize the use of observable inputs and minimize the use of unobservable inputs when m easuring fair value. Financial instruments with quoted prices in active markets generally have more pricing observability and less judgment is used in measuring fair value. Conversely, financial instruments for which no quoted prices are available have les s observability and are measured at fair value using valuation models or other pricing techniques that require more judgment. Pricing observability is affected by a number of factors, including the type of financial instrument, whether the financial instru ment is new to the market and not yet established, the characteristics specific to the transaction, liquidity and general market conditions. Fair Value Hierarchy Assets and liabilities recorded at fair value in the 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 ability to access for identical assets or liabilities. Market price data generally is obtained from exchange or dealer markets. We do not adjust the quoted price for such instruments. Level 2: Fair value measurements based on inputs other than quoted prices included in Lev el 1 that are observable for the asset or liability, either directly or indirectly. Level 2 inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, and inputs other than quoted prices that are observable for the asset or liability, such as interest rates and yield curves that are observable at commonly quoted intervals. Level 3: Fair value measurements based on valuation techniques that us e significant inputs that are unobservable. Both observable and unobservable inputs may be used to determine the fair values of positions classified in Level 3. The circumstances for using these measurements include those in which there is little, if any, market activity for the asset or liability. Therefore, we must make certain assumptions about the inputs a hypothetical market participant would use to value that asset or liability. In certain cases, the inputs used to measure fair value may fall into di fferent levels of the fair value hierarchy. In such cases, the level in the fair value hierarchy within which the fair value measurement in its entirety falls is determined based on the lowest level input that is significant to the fair value measurement i n its entirety. The following is a description of the valuation methodologies used for instruments carried at fair value. These methodologies are applied to assets and liabilities across the levels discussed above, and it is the observability of the inputs used that determines the appropriate level in the fair value hierarchy for the respective asset or liability. Valuation Methodologies of Financial Instruments Measured at Fair Value Incorporation of Credit Risk in Fair Value Measurements Our Own Credit Ri sk. Fair value measurements for certain liabilities incorporate our own credit risk by determining the explicit cost for each counterparty to protect against its net credit exposure to us at the balance sheet date by reference to observable AIG CDS or cas h bond spreads. We calculate the effect of credit spread changes using discounted cash flow techniques that incorporate current market interest rates. A derivative counterparty’s net credit exposure to us is determined based on master netting agreements, w hen applicable, which take into consideration all derivative positions with us, as well as collateral we post with the counterparty at the balance sheet date. For a description of how we incorporate our own credit risk in the valuation of embedded derivat ives related t o certain annuity and life insurance products see Embedded Derivatives within Policyholder Contract Deposits below. Counterparty Credit Risk. Fair value measurements for freestanding derivatives incorporate counterparty credit by determining the explicit cost for us to protect against our net credit exposure to each counterparty at the balance sheet date by reference to observable counterparty CDS spreads, when available. When not available, other directly or indirectly observable credit spreads will be used to derive the best estimates of the counterparty spreads. Our net credit exposure to a counterparty is determined based on master netting agreements, which take into consideration all derivative positions with the counterparty, as well as collateral posted by the counterparty at the balance sheet date. Fair values for fixed maturity securities based on observable market prices for identical or similar instruments implicitly incorporate counterparty credit risk. Fair values for f ixed maturity securities based on internal models incorporate counterparty credit risk by using discount rates that take into consideration cash issuance spreads for similar instruments or other observable information. For fair values measured based on int ernal models, t he cost of credit protection is determined under a discounted present value approach considering the market levels for single name CDS spreads for each specific counterparty, the mid - market value of the net exposure (reflecting the amount of protection required) and the weighted average life of the net exposure. CDS spreads are provided to us by an independent third party. We utilize an interest rate based on the benchmark London Interbank Offered Rate (LIBOR) curve to derive our discount rat es. While this approach does not explicitly consider all potential future behavior of the derivative transactions or potential future changes in valuation inputs, we believe this approach provides a reasonable estimate of the fair value of the assets and l iabilities, including consideration of the impact of non-performance risk. Fixed Maturity Securities Whenever available, we obtain quoted prices in active markets for identical assets at the balance sheet date to measure fixed maturity securitie s at fair v alue . Market price data is generally obtained from dealer markets. We employ independent third - party valuation service providers to gather, analyze, and interpret market information to derive fair value estimates for individual investments, based upon mark et - accepted methodologies and assumptions. The methodologies used by these independent third - party valuation service providers are reviewed and understood by management, through periodic discussion with and information provided by the independent third-par ty valuation service providers . In addition, as discussed further below, control processes are applied to the fair values received from independent third - party valuation service providers to ensure the accuracy of these values. Valuation service providers typically obtain data about market transactions and other key valuation model inputs from multiple sources and, through the use of market- accepted valuation methodologies, which may utilize matrix pricing, financial models, accompanying model inputs and va rious assumptions, provide a single fair value measurement for individual securities. The inputs used by the valuation service providers include, but are not limited to, market prices from completed transactions for identical securities and transactions fo r comparable securities, benchmark yields, interest rate yield curves, credit spreads, prepayment rates, default rates, recovery assumptions, currency rates, quoted prices for similar securities and other market - observable information, as applicable. If fa ir value is determined using financial models, these models generally take into account, among other things, market observable information as of the measurement date as well as the specific attributes of the security being valued, including its term, inter est rate, credit rating, industry sector, and when applicable, collateral quality and other security or issuer - specific information. When market transactions or other market observable data is limited, the extent to which judgment is applied in determining fair value is greatly increased. We have control processes designed to ensure that the fair values received from independent third - party valuation service provider s are accurately recorded, that their data inputs and valuation techniques are appropriate a nd consistently applied and that the assumptions used appear reasonable and consistent with the objective of determining fair value. We assess the reasonableness of individual security values received from independent third - party valuation service provider s through various analytical techniques, and have procedures to escalate related questions internally and to the independent third - party valuation service provider s for resolution. T o assess the degree of pricing consensus among various valuation service p rovider s for specific asset types, we conduct comparisons of prices received from available sources. We use these comparisons to establish a hierarchy for the fair values received from independent third - party valuation service provider s to be used for part icular security classes. We also validate prices for selected securities through reviews by members of management who have relevant expertise and who are independent of those charged with executing investing transactions. When our independent third - party v aluation service providers are unable to obtain sufficient market observable information upon which to estimate the fair value for a particular security, fair value is determined either by requesting brokers who are knowledgeable about these securities to provide a price quote, which is generally non-binding, or by employing market accepted valuation models. Broker prices may be based on an income approach, which converts expected future cash flows to a single present value amount, with specific considerati on of inputs relevant to particular security types. For structured securities, such inputs may include ratings, collateral types, geographic concentrations, underlying loan vintages, loan delinquencies and defaults, loss severity assumptions, prepayments, and weighted average coupons and maturities. When the volume or level of market activity for a security is limited, certain inputs used to determine fair value may not be observable in the market. Broker prices may also be based on a market approach that c onsiders recent transactions involving identical or similar securities. Fair values provided by brokers are subject to similar control processes to those noted above for fair values from independent third - party valuation service providers, including manage ment reviews. For those corporate debt instruments (for example, private placements) that are not traded in active markets or that are subject to transfer restrictions, valuations reflect illiquidity and non-transferability, based on available market evide nce. When observable price quotations are not available, fair value is determined based on discounted cash flow models using discount rates based on credit spreads, yields or price levels of comparable securities, adjusted for illiquidity and structure. Fa ir values determined internally are also subject to management review to ensure that valuation models and related inputs are reasonable. The methodology above is relevant for all fixed maturity securities including residential mortgage backed securities ( RMBS ) , commercial mortgage backed securities ( CMBS ) , collateralized debt obligations ( CDO ) , o ther asset -backed securities ( ABS ) and fixed maturity securities issued by government sponsored entities and corporate entities. Equity Securities Traded in Active Markets Whenever available, we obtain quoted prices in active markets for identical assets at the balance sheet date to measure equity securities at fair value. Market price data is generally obtained from exchange or dealer markets. Mortgage and Other Loans Receivable We estimate the fair value of mortgage and other loans receivable that are measured at fair value by using dealer quotations, discounted cash flow analyses and/or internal valuation models. The determinat ion of fair value considers inputs such as interest rate, maturity, the borrower’s creditworthiness, collateral, subordination, guarantees, past-due status, yield curves, credit curves, prepayment rates, market pricing for comparable loans and other releva nt factors. Other Invested Assets We initially estimate the fair value of investments in certain hedge funds, private equity funds and other investment partnerships by reference to the transaction price. Subsequently, we generally obtain the fair value of these investments from net asset value information provided by the general partner or manager of the investments, the financial statements of which are generally audited annually. We consider observable market data and perform certain control procedures to validate the appropriateness of using the net asset value as a fair value measurement. The fair values of other investments carried at fair value, such as direct private equity holdings, are initially determined based on transaction price and are subseque ntly estimated based on available evidence such as market transactions in similar instruments, other financing transactions of the issuer and other available financial information for the issuer, with adjustments made to reflect illiquidity as appropriate. Short-term Investments For short-term investments that are measured at amortized cost, the carrying amounts of these assets approximate fair values because of the relatively short period of time between origination and expected realization, and their limi ted exposure to credit risk. Securities purchased under agreements to resell (reverse repurchase agreements) are generally treated as collateralized receivables. We report certain receivables arising from securities purchased under agreements to resell a s Short-term investments in the Consolidated Balance Sheets. When these receivables are measured at fair value, we use market-observable interest rates to determine fair value. Separate Account Assets Separate account assets are composed primarily of regi stered and unregistered open-end mutual funds that generally trade daily and are measured at fair value in the manner discussed above for equity securities traded in active markets. Freestanding Derivatives Derivative assets and liabilities can be exchange - traded or traded over-the-counter (OTC). We generally value exchange - traded derivatives such as futures and options using quoted prices in active markets for identical derivatives at the balance sheet date. OTC derivatives are valued using market transact ions and other market evidence whenever possible, including market - based inputs to models, model calibration to market clearing transactions, broker or dealer quotations or alternative pricing sources with reasonable levels of price transparency. When mode ls are used, the selection of a particular model to value an OTC derivative depends on the contractual terms of, and specific risks inherent in the instrument, as well as the availability of pricing information in the market. We generally use similar model s to value similar instruments. Valuation models require a variety of inputs, including contractual terms, market prices and rates, yield curves, credit curves, measures of volatility, prepayment rates and correlations of such inputs. For OTC derivatives t hat trade in liquid markets, such as generic forwards, swaps and options, model inputs can generally be corroborated by observable market data by correlation or other means, and model selection does not involve significant management judgment. For certain OTC derivatives that trade in less liquid markets, where we generally do not have corroborating market evidence to support significant model inputs and cannot verify the model to market transactions, the transaction price may provide the best estimate of f air value. Accordingly, when a pricing model is used to value such an instrument, the model is adjusted so the model value at inception equals the transaction price. We will update valuation inputs in these models only when corroborated by evidence such as similar market transactions, independent third-party valuation service providers and/or broker or dealer quotations, or other empirical market data. When appropriate, valuations are adjusted for various factors such as liquidity, bid/offer spreads and cre dit considerations. Such adjustments are generally based on available market evidence. In the absence of such evidence, management’s best estimate is used. We value our super senior credit default swap portfolio using prices obtained from vendors and/or co unterparties. The valuation of the super senior credit derivatives is complex because of the limited availability of market observable information due to the lack of trading and price transparency in certain structured finance markets. Our valuation metho dologies for the super senior CDS portfolio have evolved over time in response to market conditions and the availability of market observable information. We have sought to calibrate the methodologies to available market information and to review the assum ptions of the methodologies o n a regular basis. Embedded Derivatives within Policyholder Contract Deposits Certain variable annuity and equity - indexed annuity and life contracts contain embedded derivatives that we bifurcate from the host contracts and account for separately at fair value, with changes in fai r value recognized in earnings. These embedded derivatives are classified within Policyholder contract deposits. We have concluded these contracts contain eit her (i) a written option that guarantees a minimum accumulation value at maturity , (ii) a written option that guarantee s annual withdrawals regardless of underlying market performance for a specific period or for life, or (iii) equity - indexed written optio ns that meet the criteria of derivatives and must be bifurcated. The fair value of embedded derivatives contained in certain variable annuity and equity - indexed annuity and life contracts is measured based on actuarial and capital market assumptions relate d to projected cash flows over the expected lives of the contracts. These discounted cash flow projections primarily include benefits and related fees assessed, when applicable . In some instances, the projected cash flows from fees may exceed projected cas h flows related to benefit payments and therefore, at a point in time, the carrying value of the embedded derivative may be in a net asset position. The projected cash flows incorporate best estimate assumptions for policyholder behavior (including mortali ty, lapses, withdrawals and benefit utilization), along with an explicit risk margin to reflect a market participant ’s estimates of projected cash flows and policyholder behavior. Estimates of future policyholder behavior are subjective and based primarily on our historical experience. B ecause of the dynamic and complex nature of the proj ected cash flows w ith respect to embedded derivatives in our variable annuity con tracts, risk neutral valuations are used, which are calibrated to observable interest rate and equity option prices . Estimating the underlying cash flows for these products involves judgment s regarding expected market rates of return, market volatility, credit spreads, correlations of certain market variables , fund performance, discount rates an d policyholder behavior. The portion of fees attributable to the fair value of expected benefit payments are included within the fair value measurement of these embedded derivatives, and related fees are classified in net realized gain/loss as earned, cons istent with other changes in the fair value of these embedded policy derivatives. Any portion of the fees not attributed to the embedded derivatives are excluded from the fair value measurement and classified in policy fees as earned. With respect to embe dded derivatives in our equity - indexed annuity and life contracts, option pricing models are used to estimate fair value, taking into account assumptions for future equity index growth rates, volatility of the equity index, future interest rates, and our a bility to adjust the participation rate and the cap on equity - indexed credited rates in light of market conditions and policyholder behavior assumptions. Projected cash flows are discounted using the interest rate swap curve (swap curve), which is commonl y viewed as being consistent with the credit spreads for highly -rated financial institutions (S&P AA-rated or above). A swap curve shows the fixed-rate leg of a non-complex swap against the floating rate (for example, LIBOR) leg of a related tenor. We also incorporate our own risk of non-performance in the valuation of the embedded derivatives associated with variable annuity and equity - indexed annuity and life contracts. The non-performance risk adjustment reflects a market participant’s view of our c laims-paying ability by incorporating an additional spread to the swap curve used to discount projected benefit cash flows in the valuation of these embedded derivatives. The non-performance risk adjustment is calculated by constructing forward rates based on a weighted average of observable corporate credit indices to approximate the claims-paying ability rating of our Life and Retirement c ompanies. Long-Term Debt The fair value of non-structured liabilities is ge nerally determined by using market prices from exchange or dealer markets, when available, or discounting expected cash flows using the appropriate discount rate for the applicable maturity. We determine the fair value of structured liabilities and hybrid financial instruments (where performance is linked to structured interest rates, inflation or currency risks) using the appropriate derivative valuation methodology (described above) given the nature of the embedded risk profile. In addition, adjustments a re made to the valuations of both non-structured and structured liabilities to reflect our own creditworthiness based on the methodology described under the caption “Incorporation of Credit Risk in Fair Value Measurements – Our Own Credit Risk ” above. Borr owings under obligations of guaranteed investment agreements (GIAs), which are guaranteed by us, are recorded at fair value using discounted cash flow calculations based on interest rates currently being offered for similar contracts and our current market observable implicit credit spread rates with maturities consistent with those remaining for the contracts being valued. Obligations may be called at various times prior to maturity at the option of the counterparty. Interest rates on these borrowings are primarily fixed, vary by maturity and range up to 7.62 percent . Other Liabilities Other liabilities measured at fair value include certain securities sold under agreements to repurchase and certain securities sold but not yet purchas ed. Liabilities arising from securities sold under agreements to repurchase are generally treated as collateralized borrowings. We estimate the fair value of liabilities arising under these agreements by using market - observable interest rates. This methodo logy considers such factors as the coupon rate, yield curves and other relevant factors. Fair values for securities sold but not yet purchased are based on current market prices. 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: December 31, 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 $ 201 $ 2,455 $ - $ - $ - $ 2,656 Obligations of states, municipalities and political subdivisions - 16,240 2,404 - - 18,644 Non-U.S. governments 20 15,631 8 - - 15,659 Corporate debt - 133,003 1,173 - - 134,176 RMBS - 21,098 16,136 - - 37,234 CMBS - 13,217 624 - - 13,841 CDO/ABS - 8,131 8,651 - - 16,782 Total bonds available for sale 221 209,775 28,996 - - 238,992 Other bond securities: U.S. government and government sponsored entities 238 2,564 - - - 2,802 Obligations of states, municipalities and political subdivisions - - - - - - Non-U.S. governments - 57 - - - 57 Corporate debt - 1,891 18 - - 1,909 RMBS - 421 1,464 - - 1,885 CMBS - 485 74 - - 559 CDO/ABS - 604 4,956 - - 5,560 Total other bond securities 238 6,022 6,512 - - 12,772 Equity securities available for sale: Common stock 1,061 - - - - 1,061 Preferred stock 18 515 - - - 533 Mutual funds 110 4 - - - 114 Total equity securities available for sale 1,189 519 - - - 1,708 Other equity securities 589 - - - - 589 Mortgage and other loans receivable - - 5 - - 5 Other invested assets (a) - 1 250 - - 251 Derivative assets: Interest rate contracts 1 2,170 - - - 2,171 Foreign exchange contracts - 827 4 - - 831 Equity contracts 188 252 82 - - 522 Credit contracts - - 1 - - 1 Other contracts - - 20 - - 20 Counterparty netting and cash collateral - - - (1,464) (1,159) (2,623) Total derivative assets 189 3,249 107 (1,464) (1,159) 922 Short-term investments 2,078 537 - - - 2,615 Separate account assets 87,141 5,657 - - - 92,798 Total $ 91,645 $ 225,760 $ 35,870 $ (1,464) $ (1,159) $ 350,652 Liabilities: Policyholder contract deposits $ - $ 14 $ 4,136 $ - $ - $ 4,150 Other policyholder funds - - - - - - Derivative liabilities: Interest rate contracts 2 2,176 22 - - 2,200 Foreign exchange contracts - 1,241 4 - - 1,245 Equity contracts 2 19 - - - 21 Credit contracts - 14 263 - - 277 Other contracts - - 5 - - 5 Counterparty netting and cash collateral - - - (1,464) (1,249) (2,713) Total derivative liabilities 4 3,450 294 (1,464) (1,249) 1,035 Long-term debt - 2,888 - - - 2,888 Other liabilities 46 43 - - - 89 Total $ 50 $ 6,395 $ 4,430 $ (1,464) $ (1,249) $ 8,162 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 Other liabilities - - - - - - Total $ 17 $ 7,787 $ 3,489 $ (1,265) $ (1,521) $ 8,507 (a) Excludes investments that are measured at fair value using the net asset value ( NAV ) per share (or its equivalent), which totaled $ 6.0 billion and $ 6.7 billion as of December 31, 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 acti ve market. Conversely, assets are transferred from Level 2 to Level 1 when transaction volume and frequency are indicative of an active market. During the years ended December 31, 2017 and 2016 , we transferred $ 0.4 b illion and $ 1.1 billion, respectively, of securities issued by Non-U.S. government entities from Level 1 to Level 2 , because they are no longer considered actively traded. For similar reasons, during the years ended December 31, 2017 and 2016 , we transferred $ 113 million and $ 34 million, respectively, of securities issued by the U.S. government and government -sponsored entities from Level 1 to Level 2. Additionally, we transferr ed $126 million of preferred stock from Level 1 to Level 2 during the year ended December 31, 2017. We had no material transfers of preferred stock from Level 1 to Level 2 during the year ended December 31, 2016. There were no material tran sfers from Level 2 to Level 1 during the years ended December 31, 2017 and 2016 . Changes in Level 3 R ecurring F air V alue M easurements The following tables present changes during the years ended December 31, 2017 an d 2016 in Level 3 assets and liabilities measured at fair value on a recurring basis, and the realized and unrealized gains (losses) related to the Level 3 assets and liabilities in the Consolidated Balance Sheet s at December 31, 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 Issuances and Transfers Transfers Divested Held End Instruments Held (in millions) of Year in Income Income (Loss) Settlements, Net In Out Businesses for Sale of Year at End of Year December 31, 2017 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 2,040 $ 5 $ 167 $ 216 $ 8 $ (32) $ - $ - $ 2,404 $ - Non-U.S. governments 17 (9) 9 (9) - - - - 8 - Corporate debt 1,133 (3) 20 (259) 886 (604) - - 1,173 - RMBS 16,906 1,071 942 (2,763) 19 (39) - - 16,136 - CMBS 2,040 35 11 (748) 20 (734) - - 624 - CDO/ABS 7,835 (19) 155 743 - (63) - - 8,651 - Total bonds available for sale 29,971 1,080 1,304 (2,820) 933 (1,472) - - 28,996 - Other bond securities: Corporate debt 17 3 - 10 - (12) - - 18 1 RMBS 1,605 191 - (313) 14 (33) - - 1,464 113 CMBS 155 4 - 24 9 (118) - - 74 5 CDO/ABS 5,703 841 - (1,582) - (6) - - 4,956 362 Total other bond securities 7,480 1,039 - (1,861) 23 (169) - - 6,512 481 Equity securities available for sale: Common stock - - - 1 - (1) - - - - Total equity securities available for sale - - - 1 - (1) - - - - Other equity securities - - - - - - - - - - Mortgage and other loans rece

INVESTMENTS

INVESTMENTS	12 Months Ended
	Dec. 31, 2017
INVESTMENTS
INVESTMENTS	6 . Investments Fixed Maturity and Equity Securities Bonds held to maturity are carried at amortized cost when we have the ability and positive intent to hold these securities until maturity. When we do not have the ability or positive intent to hold bonds until maturity, these securities are classified as available for sale or are measured at fair value at our election. None of our fixed maturity securities met the criteria for held to maturity classification at December 31, 2017 or 2016 . Fixed maturity and equity securities classified as available for sale are carried at fair value. Unrealized gains and losses from available for sale investments in fixed maturity and equity securities are reported as a separ ate component of Accumulated other comprehensive income, net of deferred policy acquisition costs and deferred income taxes, in shareholders’ equity. Realized and unrealized gains and losses from fixed maturity and equity securities measured at fair value at our election are reflected in Net investment income (for insurance subsidiaries) or Other income (for Other Operations ). Investments in fixed maturity and equity securities are recorded on a trade-date basis. Premiums and discounts arising from the purc hase of bonds classified as available for sale are treated as yield adjustments over their estimated holding periods, until maturity, or call date, if applicable. For investments in certain RMBS, CMBS and CDO/ABS, (collectively, structured securities), rec ognized yields are updated based on current information regarding the timing and amount of expected undiscounted future cash flows. For high credit quality structured securities, effective yields are recalculated based on actual payments received and updat ed prepayment expectations, and the amortized cost is adjusted to the amount that would have existed had the new effective yield been applied since acquisition with a corresponding charge or credit to net investment income. For structured securities that a re not high credit quality, effective yields are recalculated and adjusted prospectively based on changes in expected undiscounted future cash flows. For purchased credit impaired (PCI) securities, at acquisition, the difference between the undiscounted ex pected future cash flows and the recorded investment in the securities represents the initial accretable yield, which is to be accreted into net investment income over the securities’ remaining lives on a n effective level -yield basis. Subsequently, effecti ve yields recognized on PCI securities are recalculated and adjusted prospectively to reflect changes in the contractual benchmark interest rates on variable rate securities and any significant increases in undiscounted expected future cash flows arising d ue to reasons other than interest rate changes. 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) December 31, 2017 Bonds available for sale: U.S. government and government sponsored entities $ 2,532 $ 160 $ (36) $ 2,656 $ - Obligations of states, municipalities and political subdivisions 17,377 1,297 (30) 18,644 - Non-U.S. governments 15,059 717 (117) 15,659 - Corporate debt 126,310 8,666 (800) 134,176 17 Mortgage-backed, asset-backed and collateralized: RMBS 34,181 3,273 (220) 37,234 1,568 CMBS 13,538 408 (105) 13,841 42 CDO/ABS 16,464 370 (52) 16,782 29 Total mortgage-backed, asset-backed and collateralized 64,183 4,051 (377) 67,857 1,639 Total bonds available for sale (b) 225,461 14,891 (1,360) 238,992 1,656 Equity securities available for sale: Common stock 703 379 (21) 1,061 - Preferred stock 504 29 - 533 - Mutual funds 98 16 - 114 - Total equity securities available for sale 1,305 424 (21) 1,708 - Total $ 226,766 $ 15,315 $ (1,381) $ 240,700 $ 1,656 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 impairments 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 December 31, 2017 and 2016 , bonds available for sale held by us that were below investment grade or not rated totaled $ 31.5 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 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 December 31, 2017 Bonds available for sale: U.S. government and government sponsored entities $ 770 $ 23 $ 332 $ 13 $ 1,102 $ 36 Obligations of states, municipalities and political subdivisions 586 6 646 24 1,232 30 Non-U.S. governments 3,511 54 857 63 4,368 117 Corporate debt 15,578 453 7,291 347 22,869 800 RMBS 6,212 99 3,790 121 10,002 220 CMBS 3,408 46 1,389 59 4,797 105 CDO/ABS 1,455 24 822 28 2,277 52 Total bonds available for sale 31,520 705 15,127 655 46,647 1,360 Equity securities available for sale: Common stock 136 21 - - 136 21 Mutual funds 1 - - - 1 - Total equity securities available for sale 137 21 - - 137 21 Total $ 31,657 $ 726 $ 15,127 $ 655 $ 46,784 $ 1,381 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 December 31, 2017 , we held 7,448 and 74 individual fixed maturity and equity securities, respectively, that were in an unrealized loss position, of which 1,920 individual fixed maturity securities were in a continuous unrealized loss position for 12 months or more. We did not recognize the unrealized losses in earnings on these fixed maturity securities at December 31, 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 si gnificant declines, we performed fundamental credit analyses on a security-by-security basis, which included consideration of credit enhancements, expected defaults on underlying collateral, review of relevant industry analyst reports and forecasts and oth er 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 December 31, 2017 Available for Sale Position Available for Sale (in millions) Amortized Cost Fair Value Amortized Cost Fair Value Due in one year or less $ 7,932 $ 8,071 $ 1,526 $ 1,515 Due after one year through five years 47,179 49,093 7,764 7,571 Due after five years through ten years 42,617 43,944 11,559 11,143 Due after ten years 63,550 70,027 9,705 9,342 Mortgage-backed, asset-backed and collateralized 64,183 67,857 17,453 17,076 Total $ 225,461 $ 238,992 $ 48,007 $ 46,647 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 maturities of our available for sale securities: Years Ended December 31, 2017 2016 2015 Gross Gross Gross Gross Gross Gross Realized Realized Realized Realized Realized Realized (in millions) Gains Losses Gains Losses Gains Losses Fixed maturity securities $ 725 $ 300 $ 801 $ 800 $ 517 $ 423 Equity securities 107 19 1,072 15 1,060 28 Total $ 832 $ 319 $ 1,873 $ 815 $ 1,577 $ 451 For the years ended December 31, 2017 , 2016 and 2015 , the aggregate fair value of available for sale securities sold was $ 31.3 billion, $ 30.2 billion and $ 28.7 billion, which resulted in net realized capital gains of $ 0.5 billion, $ 1.1 billion and $ 1.1 billion, respectively. Other Securities Measured at Fair Value The following table presents the fair value of ot her securities measured at fair value based on our election of the fair value option: December 31, 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 $ 2,802 21 % $ 2,939 20 % Obligations of states, municipalities and political subdivisions - - - - Non-U.S. governments 57 1 51 - Corporate debt 1,909 14 1,772 12 Mortgage-backed, asset-backed and collateralized : RMBS 1,885 14 2,025 14 CMBS 559 4 603 4 CDO/ABS and other collateralized * 5,560 42 6,608 47 Total mortgage-backed, asset-backed and collateralized 8,004 60 9,236 65 Total fixed maturity securities 12,772 96 13,998 97 Equity securities 589 4 482 3 Total $ 13,361 100 % $ 14,480 100 % * Inclu des $ 251 m illion and $ 421 m illion of U.S. g overnment agency backed ABS at December 31, 2017 and 2016 , respectively. Other Invested Assets The following table summarizes the carrying amounts of other invested assets: December 31, (in millions) 2017 2016 Alternative investments (a) (b) $ 11,308 $ 13,379 Investment real estate (c) 8,258 6,900 Aircraft asset investments (d) 206 321 Investments in life settlements - 2,516 All other investments 1,050 1,422 Total $ 20,822 $ 24,538 (a) At December 31, 2017 , included hedge funds of $ 5.8 billion, private equity funds of $ 5.0 billion, and affordable housing partnerships of $ 543 million. At December 31, 2016 , included hedge funds of $ 7.2 billion, private equity funds of $ 5.5 billion, and affordable housing partnerships of $ 625 million. (b) Approximately 75 percent of our hedge fund port folio is available for redemption in 2018 , an additional 25 percent will be available between 2019 and 2024. (c) Net of accumulated depreciation of $ 515 million and $ 451 million in 2017 and 2016 , respectively. (d) Consists of investments in aircraft equipment held in a consolidated trust. Other Invested Assets Carried at Fair Value Certain hedge funds, private equity funds, and other investment partnerships for which we have elected th e fair value option are reported at fair value with changes in fair value recognized in Net investment income with the exception of investments of AIG’s Other Operations, for which such changes are reported in Other income. Other investments in hedge fund s, private equity funds and other investment partnerships in which our insurance operations do not hold aggregate interests sufficient to exercise more than minor influence over the respective partnerships are reported at fair value with changes in fair va lue recognized as a component of Accumulated other comprehensive income. These investments are subject to other-than-temporary impairment evaluations (see discussion below on evaluating equity investments for other-than-temporary impairment) . The gross unr ealized loss recorded in Accumulated other comprehensive income on such investments was $ 45 million and $ 32 million at December 31, 2017 and 2016 , respectively, the majority of which pertains to investments in private equity funds and hedge funds that have been in continuous unrealized loss positions for less than 12 months. Other Invested Assets – Equity Method Investments We account for hedge funds, private equity funds, affor dable housing partnerships and other investment partnerships using the equity method of accounting unless our interest is so minor that we may have virtually no influence over partnership operating and financial policies, or we have elected the fair value option. Under the equity method of accounting, our carrying amount generally is our share of the net asset value of the funds or the partnerships, and changes in our share of the net asset values are recorded in Net investment income with the exception of investments of AIG’s Other Operations, for which such changes are reported in Other income. In applying the equity method of accounting, we consistently use the most recently available financial information provided by the general partner or manager of eac h of these investments, which is one to three months prior to the end of our reporting period. The financial statements of these investees are generally audited annually. Summarized Financial Information of Equity Method Investees The following is the aggregated summarized financial information of our equity method investees , including those for which the fai r value option has been elected: Years Ended December 31, (in millions) 2017 2016 2015 Operating results: Total revenues $ 13,066 $ 9,512 $ 22,055 Total expenses (6,835) (7,361) (3,898) Net income $ 6,231 $ 2,151 $ 18,157 At December 31, (in millions) 2017 2016 Balance sheet: Total assets $ 132,708 $ 158,306 Total liabilities $ (35,585) $ (37,336) The following t able presents the carrying amount and ownership percentage of equity method investments at December 31, 2017 and 2016 : 2017 2016 Carrying Ownership Carrying Ownership (in millions, except percentages) Value Percentage Value Percentage Equity method investments $ 9,050 Various $ 10,756 Various Summarized financial information for these equity method investees may be presented on a lag, due to the unavailability of information for the investees at our respective balance sheet dates, and is included for the periods in which we held an equity method ownership interest . Other Investments Also included in Other invested assets are real estate held for investment and investments in aircraft equipment held in a consolidated trust. These investments are reported at cost, less depreciation and are s ubject to impairment review, as discussed below. Investments in Life Settlement s Investments in life settlements are accounted for under the investment method. Under the investment method, we recognize our initial investment in life settlements at the tran saction price plus all initial direct external costs. Continuing costs to keep the policy in force, primarily life insurance premiums, increase the carrying amount of the investment. We recognize income on individual investments in life settlements when th e insured dies, at an amount equal to the excess of the investment proceeds over the carrying amount of the investment at that time. These investments are subject to impairment review, as discussed below. During 2017 , 2016 and 2015 , income recognized on investments in life settlements was $ 266 million, $ 453 million and $ 332 million, respectively, and is included in Net investment income in the Consolidated Statements of Income. N et Investment Income Net investment income represents income primarily from the following sources: Interest income and related expenses, including amortization of premiums and accretion of discounts with changes in the timing and the amount of expected principal and interest cash flows reflected in yield, as applicable. Dividend income from common and preferred stock s . Realized and unrealized gains and losses from investments in other securities and investments for which we elected the fair value option. Earnings from alternative investments. The difference between the carrying amount of an investment in life settlements and the life insurance proceeds of the underlying life insurance policy reco rded in income upon the death of the insured. The following table presents the components of Net i nvestment i ncome: Years Ended December 31, (in millions) 2017 2016 2015 Available for sale fixed maturity securities, including short-term investments $ 10,435 $ 11,314 $ 11,331 Other fixed maturity securities 660 331 1 Equity securities 34 (5) 99 Interest on mortgage and other loans 1,661 1,526 1,417 Alternative investments * 1,475 693 1,120 Real estate 144 150 181 Other investments 290 509 432 Total investment income 14,699 14,518 14,581 Investment expenses 520 453 528 Net investment income $ 14,179 $ 14,065 $ 14,053 * 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 Net realized capital gains and losses are determined by specific identification. The net realized capital gains and losses are generated primarily from the following sources: Sales or full redemptions of available for sale fixed maturity securities , available for sale equity securities , real estate and other alternative investments . Reductions to the amortized cost basis of available for sale fixed maturity securities , available for sale equity securities and certain other invested assets for other-than-temporary impairments. Impairments on investments in life settlements. Changes in fair value of derivatives except for (1) those derivatives at AIGFP and (2) those instruments that are designated as hedging instruments when the change in the fair value of the hedged item is not reported in Net realized capital gains (losses). Exchange gains an d losses resulting from foreign currency transactions. The following table presents the components of Net realized capital losses : Years Ended December 31, (in millions) 2017 2016 2015 Sales of fixed maturity securities $ 425 $ 1 $ 94 Sales of equity securities (a) 88 1,057 1,032 Other-than-temporary impairments: Severity (2) (15) (13) Change in intent (9) (46) (233) Foreign currency declines (11) (18) (57) Issuer-specific credit events (234) (433) (348) Adverse projected cash flows (4) (47) (20) Provision for loan losses (50) 10 (58) Foreign exchange transactions 489 (1,226) 416 Variable annuity embedded derivatives, net of related hedges (1,374) (1,243) 320 All other derivatives and hedge accounting (368) 299 78 Impairments on investments in life settlements (360) (397) (540) Other (b) 30 114 105 Net realized capital gains (losses) $ (1,380) $ (1,944) $ 776 (a) In 2016 and 2015 includes realized gains on the sale of a portion of our holdings in People’s Insurance Company (Group) of China Limited and PICC Property & Casualty Company Limited (collectively, our PICC Investment) . ( b) In 2016, primarily includes $ 107 million of realized gains due to a purchase price adjustment on the sale of Class B shares of Prudential Financial, Inc. and losses of $ 253 million from the sale of a portion of our Life Settlements portfolio. In 2015, primarily includes $ 357 million of realized gains due to the sale of common shares of SpringLeaf Holdings (now known as OneMain Holdings, Inc.), $ 428 million of realized gains due to the sale of Class B shares of Prudential Financial, Inc. and $ 463 million of realized losses due to the sale of ordinary shares of AerCap . Change in Unrealized Appreciation (Depreciation) of Investments The following table presents the increase (decre ase) in unrealized appreciation (depreciation) of our available for sale securities and other investme nts : Years Ended December 31, (in millions) 2017 2016 Increase (decrease) in unrealized appreciation (depreciation) of investments: Fixed maturity securities $ 4,235 $ 2,019 Equity securities 22 (1,155) Other investments (195) (259) Total increase (decrease) in unrealized appreciation (depreciation) of investments * $ 4,062 $ 605 * Excludes net unrealized gains (losses) attributable to businesses held for sale. Evaluating Investments for Other-Than-Temporary Impairments Fixed Maturity Securities If we intend to sell a fixed maturity security or it is more likely than not that we will be required to sell a fixed maturity security before recovery of its amortized cost basis and the fair value of the security is below amort ized cost, an other-than-temporary impairment has occurred and the amortized cost is written down to current fa ir value, with a corresponding charge to realized capital losses . When assessing our intent to sell a fixed maturity security, or whether it is more likely than not that we will be required to sell a fixed maturity security before recovery of its amortized cost basis, management evaluates relevant facts and circumstances including, but not limited to, decisions to reposition our investment portfolio, sales of securities to meet cash flow needs and sales of securities to take advantage of favorable pricing. For fixed maturity securities for which a credit impairment has occurred, the amortized cost is writte n down to the estimated recoverable value with a corresponding charge to realized capital losses . The estimated recoverable value is the present value of cash flows expected to be collected, as determined by management . The difference between fair value and amortized cost that is not related to a credit impairment is presented in unrealized appreciation (depreciation) of fixed maturity securities on which other-than-temporary credit impairments were recognized (a separate component of accumulated other comprehensive income). When estimating future cash flows for structured fixed maturity securities (e.g., RMBS, CMBS, CDO, ABS) management considers historic al performance of underlying assets and available market information as well as bond-specific structural considerations, such as credit enhancement and priority of payment structure of the security. In addition, the process of estimating future cash flows includes, but is not limited to, the following critical inputs, which vary by asset class: Current delinquency rates; Expected default rates and the timing of such defaults; Loss severity and the timing of any recovery; and Expected prepayment speeds. For corporate, municipal and sovereign fixed maturity securities determined to be credit impaired, management considers the fair value as the recoverable value when available information does not indicate that another value is more relevant or reliable. When m anagement identifies information that supports a recoverable value other than the fair value, the determination of a recoverable value considers scenarios specific to the issuer and the security, and may be based upon estimates of outcomes of corporate res tructurings, political and macroeconomic factors, stability and financial strength of the issuer, the value of any secondary sources of repayment and the disposition of assets. We consider severe price declines in our assessment of potential credit impairm ents. We may also modify our model inputs when we determine that price movements in certain sectors are indicative of factors not captured by the cash flow models. In periods subsequent to the recognition of an other-than-temporary impairment charge for a vailable for sale fixed maturity securities that is not foreign exchange related, we prospectively accrete into earnings the difference between the new amortized cost and th e expected undiscounted recoverable value over the remaining expected holding perio d of the security. Credit Impairments The following table presents a rollforward of the cumulative credit losses in other-than-temporary impairments recognized in earnings for available for sale fixed maturity securities: Years Ended December 31, (in millions) 2017 2016 2015 Balance, beginning of year $ 1,098 $ 1,747 $ 2,659 Increases due to: Credit impairments on new securities subject to impairment losses 122 204 111 Additional credit impairments on previously impaired securities 74 212 109 Reductions due to: Credit impaired securities fully disposed of for which there was no prior intent or requirement to sell (99) (296) (399) Credit impaired securities for which there is a current intent or anticipated requirement to sell - - 2 Accretion on securities previously impaired due to credit * (669) (767) (735) Divested businesses - (2) - Balance, end of year $ 526 $ 1,098 $ 1,747 * 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. Equity Securities We evaluate our available for sale equity securities for impairment by considering such securities as candidates for other-than-temporary impairment if they meet any of the following criteria: The security has traded at a significant (25 percent or more) discount to cost for an extended period of time (nine consecutive months or longer); A discrete credit event has occurred resulting in (i) the issuer defaulting on a material outstanding obligation; (ii) the issuer seeking protection from creditors under the bankruptcy la ws or any similar laws intended for court-supervised reorganization of insolvent enterprises; or (iii) the issuer proposing a voluntary reorganization pursuant to which creditors are asked to exchange their claims for cash or securities having a fair value substantially lower than the par value of their claims; or We have concluded that we may not realize a full recovery on our investment, regardless of the occurrence of one of the foregoing events. The determination that an equity security is other-than-te mporarily impaired requires the judgment of management and consideration of the fundamental condition of the issuer, its near-term prospects and all the relevant facts and circumstances. In addition to the above criteria , all equity securities that have be en in a continuous decline in value below cost over 12 months are impaired. We also consider circumstances of a rapid and severe market valuation decline (50 percent or more) discount to cost, in which we could not reasonably assert that the impairment per iod would be temporary (severity losses). Other Invested Assets Our equity and cost method investments in private equity funds, hedge funds and other entities are evaluated for impairment similar to the evaluation of equity securities for impairments as di scussed above. Such evaluation considers market conditions, events and volatility that may impact the recoverability of the underlying investments within these private equity funds and hedge funds and is based on the nature of the underlying investments an d specific inherent risks. Such risks may evolve based on the nature of the underlying investments. Our investments in life settlements are monitored for impairment on a contract-by-contract basis quarterly. An investment in life settlements is considered impaired if the undiscounted cash flows resulting from the expected proceeds would not be sufficient to recover our estimated future carrying amount, which is the current carrying amount for the investment in life settlements plus anticipated undiscounted future premiums and other capitalizable future costs, if any. Impaired investments in life settlements are written down to their estimated fair value which is determined on a discounted cash flow basis, incorporating current market mortality assumptions a nd market yields or by repricing to the anticipated sale price as appropriate. In general, fair value estimates for the investments in life settlements are calculated using cash flows based on medical underwriting ratings of the policies from a third-party underwriter, applied to an industry mortality table. Our mortality assumptions are based on an industry table as supplemented with proprietary data on the older age mortality of U.S. insured lives. M ortality improvement factors are applied to these assump tions based on our view of future mortality improvements likely to apply to the U.S. insured lives population. Our mortality assumptions coupled with the mortality improvement rates are used in our estimate of future net cash flows from the investments in life settlements . We sold the remaining portion of our life settlements portfolio in 2017. Our investments in aircraft assets and real estate are periodically evaluated for recoverability whenever changes in circumstances indicate the carrying amount of an asset may be impaired. When impairment indicators are present, we compa re expected investment cash flows to carrying amount. When the expected cash flows are less than the carrying amount, the investments are written down to fair value with a corresponding charge to earnings. Purchased Credit Impaired (PCI) Securities We purchas e certain RMBS securities that ha ve experienced deterioration in credit quality since their issuance. We determine whether it is probable at acquisition that we w ill not collect all contractually required payments for these PCI securities, includ ing both principal and interest. At acquisition, the timing and amount of the undiscounted future cash flows expected to be received on each PCI security i s determined based on our best estimate using key a ssumptions, 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 accretabl e yield, which is accreted into N et investment income over their remaining lives on a n effective yield basis. Additionally, the difference between the contractually required payments on the PCI securities and the undiscounted expected future cash flows rep resents 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 f urther below. On a quarterly basis, the undiscounted expected future cash flows associated with PCI securities are re-evaluated based on updates to key assumptions. Declines in undiscounted expected future cash flows due to further credit deterioration as well as changes in the expected timing of the cash flows can result in the recognition of an other -than-temporary impairment charge, as PCI securities are subject to our policy for evaluating investments for other-than-temporary impairment. Changes to und iscounted expected future cash flows due solely to the changes in the contractual benchmark interest rates on variable rate PCI securities will change the accretable yield prospectively. Significant increases in undiscounted expected future cash flows for reasons other than interest rate changes are recognized prospectively as adjustments to the accretable yield. The following tables present information on our PCI securities, which are included in bonds available for sale: (in millions) At Date of Acquisition Contractually required payments (principal and int

LENDING ACTIVITIES

LENDING ACTIVITIES	12 Months Ended
	Dec. 31, 2017
LENDING ACTIVITIES
LENDING ACTIVITIES	7 . Lending Activities Mortgage and other loans receivable include commercial mortgages , residential mortgages , life insurance policy loans, commercial loans, and other loans and notes receivable. Commercial mortgages , residential mortgages , commercial loans, and other loans and notes receivable are carried at unpaid pr incipal balances less allowance for credit losses and plus or minus adjustments for the accretion or amortization of discount or premium. Interest income on such loan s is accrued as earned. Direct costs of originating commercial mortgages, commercial loans, and other loans and notes receivable, net of nonrefundable points and fees, are deferred and included in the carrying amount of the related receivables. The amount deferred is amortized to income as an adjustment to earnings using the interest method. Premiums and discounts on purchased residential mortgages are also amortized to income as an adjustment to earnings using the interest method. Life insurance policy loa ns are carried at unpaid principal balances. There is no allowance for policy loans because these loans serve to reduce the death benefit paid when the death claim is made and the balances are effectively collateralized by the cash surrender value of the p olicy. The following table presents the composition of Mortgage and other loans receivable, net: December 31, December 31, (in millions) 2017 2016 Commercial mortgages * $ 28,596 $ 25,042 Residential mortgages 5,398 3,828 Life insurance policy loans 2,295 2,367 Commercial loans, other loans and notes receivable 1,056 2,300 Total mortgage and other loans receivable 37,345 33,537 Allowance for credit losses (322) (297) Mortgage and other loans receivable, net $ 37,023 $ 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 23 percent and 12 percent, respectively, at December 31, 2017 , and 24 percent and 12 percent, respectively, at December 31, 2016 ) . Nonperf orming loans are generally those loans where payment of contractual principal or interest is more than 90 days past due. Nonperforming mortgages were not significant for all periods presented. Credit Quality 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 December 31, 2017 Loan-to-Value Ratios (b) Less than 65% $ 18,000 $ 1,525 $ 351 $ 19,876 65% to 75% 6,038 193 184 6,415 76% to 80% 569 40 - 609 Greater than 80% 1,416 206 74 1,696 Total commercial mortgages $ 26,023 $ 1,964 $ 609 $ 28,596 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 2.1 X and 1.9 X at December 31, 2017 and 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 weighted average loan-to-value ratio was 57 percent and 58 percent at December 31, 2017 , and 2016 , respectively. The following table presents the credi t quality performance indicators for commercial mortgages: Number Percent December 31, 2017 of Class of (dollars in millions) Loans Apartments Offices Retail Industrial Hotel Others Total (c) Total $ Credit Quality Performance Indicator: In good standing 778 $ 8,163 $ 8,585 $ 5,338 $ 2,023 $ 2,373 $ 1,960 $ 28,442 99 % Restructured (a) 5 - 115 23 - 16 - 154 1 90 days or less delinquent - - - - - - - - - >90 days delinquent or in process of foreclosure - - - - - - - - - Total (b) 783 $ 8,163 $ 8,700 $ 5,361 $ 2,023 $ 2,389 $ 1,960 $ 28,596 100 % Allowance for credit losses: Specific - 3 1 - 1 - 5 - % General 72 94 37 6 15 18 242 1 Total allowance for credit losses $ 72 $ 97 $ 38 $ 6 $ 16 $ 18 $ 247 1 % December 31, 2016 (dollars in millions) 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 below . (b) Does not reflect allowance for credit losses . (c) Our commercial mortgage loan portfolio is current as to payments of principal and interest , for both periods presented . There were no significant amounts of nonperforming commercial mortgages (defined as those loans where payment of contractual prin cipal or interest is more than 90 days past due) during any of the periods presented. M ethodology Used to Estimate the Allowance for Credit Losses Mortgage and other loans receivable are considered impaired when collection of all amounts due under contractual terms is not probable. Impairment is measured using either i) the present value of expected future cash flows discounted at the loan’s effective interest rate, ii) the loan’s observable market price, if available, or iii) the fair value of the collateral if the loan is collateral dependent. Impairment of commercial mortgages is typically determined using the fair value of collateral while impairment of other loans is typically determined using the present value of cash flows or the loan’s observable marke t price. An allowance is typically established for the difference between the impaired value of the loan and its current carrying amount. Additional allowance amounts are established for incurred but not specifically identified impairments, based on stati stical models primarily driven by past due status, debt servic e coverage, loan-to-value ratio, property type and location, loan term, profile of the borrower and of the major property tenants, and loan seasoning. When all or a portion of a loan is deemed uncollectible, the uncollectible portion of the ca rrying amount of the loan is charged off against the allowance. Interest income is not accrued when payment of contractual principal and interest is not expected. Any cash received on impaired loans is ge nerally recorded as a reduction of the current carrying amount of the loan. Accrual of interest income is generally resumed when delinquent contractual principal and interest is repaid or when a portion of the delinquent contractual payments are made and the ongoing required contractual payments have been made for an appropriate period. A significant majority of commercial mortgage s in the portfolio are non-recourse loans and, accordingly, the only guarantees are for specific items that are exceptions to t he non-recourse provisions. It is therefore extremely rare for us to have cause to enforce the provisions of a guarantee on a commercial real estate or mortgage loan. The following table presents a rollforward of the changes in the allowance for losses on Mortgage and other loans receivable: 2017 2016 2015 Years Ended December 31, Commercial Other Commercial Other Commercial Other (in millions) Mortgages Loans Total Mortgages Loans Total Mortgages Loans Total Allowance, beginning of year $ 194 $ 103 $ 297 $ 171 $ 137 $ 308 $ 159 $ 112 $ 271 Loans charged off (22) (3) (25) (13) (2) (15) (23) (6) (29) Recoveries of loans previously charged off - 1 1 11 - 11 4 1 5 Net charge-offs (22) (2) (24) (2) (2) (4) (19) (5) (24) Provision for loan losses 75 (26) 49 25 (32) (7) 31 27 58 Other - - - - - - - 3 3 Allowance, end of year $ 247 * $ 75 $ 322 $ 194 * $ 103 $ 297 $ 171 * $ 137 $ 308 * Of the total allowance at the end of the year , $ 5 million, $ 11 million and $ 24 million relates to individually assessed credit losses on $ 82 million , $ 280 million and $ 507 million of commercial mortgages as of December 31, 2017 , 2016 and 2015 , respectively. Troubled Debt Restructurings We modify loans to optimize their returns and improve their collectability, among other things. When we undertake such a modification with a borrower that is experiencing financial difficulty and the modification involves us granting a concession to the troubled debtor, the modification is a troubled debt restructuring (TDR). We assess whether a borrower is experiencing financial difficulty based on a variety of factors, including the borrower’s curre nt default on any of its outstanding debt, the probability of a default on any of its debt in the foreseeable future without the modification, the insufficiency of the borrower’s forecasted cash flows to service any of its outstanding debt (including both principal and interest), and the borrower’s inability to access alternative third - party financing at an interest rate that would be reflective of current market conditions for a non-troubled debtor. Concessions granted may include extended maturity dates, interest rate changes, principal or interest forgiveness, payment deferrals and easing of loan covenants. During the 12 month period ended December 31, 2017 , loans with a carrying value of $ 237 million were modifi ed in troubled debt restructurings. Loans that had been modified in troubled debt restructurings during the 12 month period ended December 31, 2016 h ave been fully paid off.

REINSURANCE

REINSURANCE	12 Months Ended
	Dec. 31, 2017
REINSURANCE
REINSURANCE	8 . Reinsurance In the ordinary course of business, our insurance companies may use both treaty and facultative reinsurance to minimize their net loss exposure to any single catastrophic loss event or to an accumulation of losses from a number of smaller events or to provide greater diversification of our businesses. In addition, our general insurance subsidiaries assume reinsurance from other insurance companies. We determine the portion of the incurred but not reported (IBNR) loss that will b e recoverable under our reinsurance contracts by reference to the terms of the reinsurance protection purchased. This determination is necessarily based on the estimate of IBNR and accordingly, is subject to the same uncertainties as the estimate of IBN R. Reinsurance assets include the balances due from reinsurance and insurance companies under the terms of our reinsurance agreements for paid and unpaid losses and loss adjustment expenses incurred, ceded unearned premiums and ceded future policy benefits fo r life and accident and health insurance contracts and benefits paid and unpaid. Amounts related to paid and unpaid losses and benefits and loss expenses with respect to these reinsurance agreements are substantially collateralized. We remain liable to the extent that our reinsurers do not meet their obligation under the reinsurance contracts, and as such, we regularly evaluate the financial condition of our reinsurers and monitor concentration of our credit risk. The estimation of the allowance for doubtfu l accounts requires judgment for which key inputs typically include historical trends regarding uncollectible balances, disputes and credit events as well as specific reviews of balances in dispute or subject to credit impairment. The allowance for doubtfu l accounts on reinsurance assets was $ 187 million and $ 207 million at December 31, 2017 and 2016 , respectively. Changes in the allowance for doubtful accounts on reinsurance asse ts are reflected in Policyholder benefits and losses incurred within the Consolidated Statements of Income. The following table provides supplemental information for loss and benefit reserves, gross and net of ceded reinsurance: At December 31, 2017 2016 As Net of As Net of (in millions) Reported Reinsurance Reported Reinsurance Liability for unpaid losses and loss adjustment expenses $ (78,393) $ (51,685) $ (77,077) $ (61,545) Future policy benefits for life and accident and health insurance contracts (45,432) (44,457) (42,204) (41,140) Reserve for unearned premiums (19,030) (15,890) (19,634) (16,280) Reinsurance assets (a) 30,823 19,950 (a ) Represents gross reinsurance assets, excluding allowances and reinsurance recoverable on paid losses. Short-Duration Reinsurance Short-duration reinsurance is effected under reinsurance treaties and by negotiation on individual risks. Certain of these reinsurance arrangements consist of excess of loss contracts that protect us against losses above stipulated amounts. Ceded premiums are considered prepaid reinsurance premiums and are recognized as a reduction of premiums earned o ver the contract period in proportion to the protection received. Amounts recoverable from reinsurers on short-duration contracts are estimated in a manner consistent with the claims liabilities associated with the reinsurance and presented as a component of Reinsurance assets. Assumed reinsurance premiums are earned primarily on a pro-rata basis over the terms of the reinsurance contracts and the portion of premiums relating to the unexpired terms of coverage is included in the reserve for unearned premium s. For both ceded and assumed reinsurance, risk transfer requirements must be met for reinsurance accounting to apply. If risk transfer requirements are not met, the contract is accounted for as a deposit, resulting in the recognition of cash flows under t he contract through a deposit asset or liability and not as revenue or expense. To meet risk transfer requirements, a reinsurance contract must include both insurance risk, consisting of both underwriting and timing risk, and a reasonable possibility of a significant loss for the assuming entity. Similar risk transfer criteria are used to determine whether directly written insurance contracts should be accounted for as insurance or as a deposit. The following table presents short-duration insurance premiums written and earned: Years Ended December 31, (in millions) 2017 2016 2015 Premiums written: Direct $ 30,205 $ 33,970 $ 37,698 Assumed 3,084 2,824 2,972 Ceded (7,533) (7,561) (7,604) Net $ 25,756 $ 29,233 $ 33,066 Premiums earned: Direct $ 30,904 $ 34,869 $ 37,105 Assumed 3,373 2,962 2,659 Ceded (7,902) (7,284) (7,593) Net $ 26,375 $ 30,547 $ 32,171 For the years ended December 31, 2017 , 2016 and 2015 , reinsurance recoveries, which reduced losses and loss adjustment expenses incurred, amounted to $ 1.5 billion, $ 2.1 billion and $ 4.1 billion, respectively. Retroactive reinsurance agreements are reinsurance agreements under which our reinsurer agrees to reimburse us as a result of past insurable events. For these agreements, the excess of t he amounts ultimately collectible under the agreement over the consideration paid is recognized as a deferred gain liability and amortized into income over the settlement period of the ceded reserves. The amount of the deferral is recalculated each period based on loss payments and updated estimates. If the consideration paid exceeds the ultimate losses collectible under the agreement, the net loss on the agreement is recognized in income immediately. Ceded loss reserves under retroactive agreements were $13.4 billion and $1.7 billion, and the deferred gain liability was $1.6 billion and $384 million, as of December 31, 2017 and 2016, respectively. The effect on income from amortization of the deferred gain was $316 million, $30 million and $8 million for the years ended December 31, 2017, 2016, and 2015, respectively. In 2017, we entered into a retroactive 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 e xcess 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. The covered losses ceded to NICO were $13.1 billion and the unexpired limit was $6. 9 billion at December 31, 2017. 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 guarant ee to secure the obligations of NICO under the agreement. Long-Duration Reinsurance Long-duration reinsurance is effected principally under yearly renewable term treaties. The premiums with respect to these treaties are earned over the contract period in proportion to the protection provided. Amounts recoverable from reinsurers on long-duration contracts are estimated in a m anner consistent with the assumptions used for the underlying policy benefits and are presented as a component of Reinsurance assets. The following table presents premiums for our long-duration life insurance and annuity operations: Years Ended December 31, (in millions) 2017 2016 2015 Gross premiums $ 5,338 $ 4,732 $ 5,240 Ceded premiums (809) (789) (756) Net $ 4,529 $ 3,943 $ 4,484 Long-duration reinsurance recoveries, which reduced Policyholder benefits and losses incurred, was approximately $ 1.0 billion for the years ended December 31, 2017 , 2016 and 2015 . The following table presents long-duration insurance in-force ceded to other insurance companies: At December 31, (in millions) 2017 2016 2015 Long-duration insurance in force ceded $ 202,402 $ 174,363 $ 177,025 Long-duration insurance in-force assumed as a percentage of gross long- duration insurance in-force was 0.03 percent at both December 31, 2017 and 2016 , and 0.04 percent at December 31, 2015 ; and premiums assumed represented 5 percent, 3 percent and 0.1 percent of gross premiums for the years ended December 31, 2017 , 2016 and 2015 , respectively . The U.S. Life and Retirement c ompanies manage the capital impact of their statutory reserve requirements, including those resulting from the NAIC Model Regulation “Valuation of Life Insurance Pol icies” (Regulation XXX) and NAIC Actuarial Guideline 38 (Guideline AXXX), through unaffiliated and affiliated reinsurance transactions. Effective July 1, 2016, one of the U.S. Life and Retirement c ompanies entered into an agreement to cede approximately $5 billion of statutory reserves for certain whole life and universal life policies to an unaffiliated reinsurer. Effective December 31, 2016, the same life insurance subsidiary recaptured term and universal life reserves subject to Regulation XXX and Guidel ine AXXX, previously ceded to an affiliate, and ceded approximately $14 billion of such statutory reserves to an unaffiliated reinsurer under an amendment to the July 1, 2016 agreement. Under GAAP, these unaffiliated reinsurance transactions use deposit ac counting with a reinsurance risk charge recorded in income, whereas such affiliated transactions are eliminated in consolidation. Under one affiliated reinsurance arrangement, one of the U.S. Life and Retirement c ompanies obtains letters of credit to suppo rt statutory recognition of the ceded reinsurance. As of December 31, 2017 , this subsidiary had two bilateral letters of credit totaling $ 450 million, which were issued on February 7 , 2014 and expire on February 7, 2 021 . The letters of credit are subject to reimbursement by AIG Parent in the event of a drawdown. For additional information on the use of affiliated reinsurance for Regulation XXX and Guideline AXXX reserves see Note 19 . Reinsurance Security Ou r third-party reinsurance arrangements do not relieve us from our direct obligations to our beneficiaries. Thus, a credit exposure exists with respect to both short-duration and long-duration reinsurance ceded to the extent that any reinsurer fails to meet the obligations assumed under any reinsurance agreement. We hold substantial collateral as security under related reinsurance agreements in the form of funds, securities, and/or letters of credit. A provision has been recorded for estimated unrecoverable reinsurance. We b elieve that no exposure to a single reinsurer represents an inappropriate concentration of credit risk to AIG. Gross reinsurance assets due from reinsurers exceeding 5 percent of our total rein surance assets were approximately $ 18 billion and $ 8.2 billion at December 31, 2017 and 2016 , respectively, of which approximately $ 7.6 billion and $ 4.4 billion at December 31, 2017 and 2016 , respectively, was not secured by collateral.

DEFERRED POLICY ACQUISITION COS

DEFERRED POLICY ACQUISITION COSTS	12 Months Ended
	Dec. 31, 2017
DEFERRED POLICY ACQUISITION COSTS
DEFERRED POLICY ACQUISITION COSTS	9 . Deferred Policy Acquisition Costs Deferred p olicy acquisition costs (DAC) represent those costs that are incremental and directly related to the successful acquisition of new or renewal of existing insurance contracts. We defer incremental costs that result directly from, and are essential to, the acquisition or renewal of an insurance contract. S uch deferred policy acquisition costs generally include agent or broker commissions and bonuses, premium taxes, and medical and inspection fees that would not have been incurred if the insurance contract had not been acquired or renewed. Each cost is analy zed to assess whether it is fully deferrable. We partially defer costs, including certain commissions, when we do not believe that the entire cost is directly related to the acquisition or renewal of insurance contracts. We also defer a portion of employe e total compensation and payroll-related fringe benefits directly related to time spent performing specific acquisition or renewal activities, including costs associated with the time spent on underwriting, policy issuance and processing, and sales force c ontract selling. The amounts deferred are derived based on successful efforts for each distribution channel and/or cost center from which the cost originates. Short-duration insurance contracts: Policy acquisition costs are deferred and amortized over the period in which the related premiums written are earned, generally 12 months. DAC is grouped consistent with the manner in which the insurance contracts are acquired, serviced and measured for profitability and is reviewed for recov erability based on the profitability of the underlying insurance contracts. Investment income is anticipated in assessing the recoverability of DAC. We assess the recoverability of DAC on an annual basis or more frequently if circumstances indicate an impa irment may have occurred. This assessment is performed by comparing recorded net unearned premiums and anticipated investment income on in-force business to the sum of expected losses and loss adjustment expenses incurred, unamortized DAC and maintenance c osts. If the sum of these costs exceeds the amount of recorded net unearned premiums and anticipated investment income, the excess is recognized as an offset against the asset established for DAC. This offset is referred to as a premium deficiency charge. Increases in expected losses and loss adjustment expenses incurred can have a significant impact on the likelihood and amount of a premium deficiency charge. Long-duration insurance contracts : Policy acquisition costs for participating life, traditional l ife and accident and health insurance products are generally deferred and amortized, with interest, over the premium paying period. The assumptions used to calculate the benefit liabilities and DAC for these traditional products are set when a policy is is sued and do not change with changes in actual experience, unless a loss recognition event occurs. These “locked-in” assumptions include mortality, morbidity, persistency, maintenance expenses and investment returns, and include margins for adverse deviatio n to reflect uncertainty given that actual experience might deviate from these assumptions. A loss recognition event occurs when there is a shortfall between the carrying amount of future policy benefit liabilities, net of DAC, and what the future policy benefit liabilities, net of DAC, would be when applying updated current assumptions. When we determine a loss recognition event has occurred, we first reduce any DAC related to that block of business through amortization of acquisition expense, and after DAC is depleted, we record additional liabilities through a charge to Policyholder benefits and losses incurred. Groupings for loss recognition testing are consistent with our manner of acquiring, servicing and measuring the profitability of the business and applied by product groupings. We perform separate loss recognition tests for traditional life products, payout annuities and long-term care products. Once loss recognition has been recorded for a block of business, the old assumption set is replaced and the assumption set used for the loss recognition would then be subject to the lock-in principle. Investment-oriented contracts: Policy acquisition costs and policy issuance costs related to universal life and investment-type products ( collectively, in vestment - oriented products) are deferred and amortized, with interest, in relation to the incidence of estimated gross profits to be realized over the estimated lives of the contracts. Estimated gross profits include net in vestment income and spreads , net r ealized capital gains and losses, fees, surrender charges, expenses, and mortality gains and losses. In each reporting period, current period amortization expense is adjusted to reflect actual gross profits. If estimated gross profits change significantly , DAC is recalculated using the new assumptions , and a ny resulting adjustment is included in income. If the new assumptions indicate that future estimated gross profits are higher than previously estimated, DAC will be increased resulting in a decrease in amortization expense and increase in income in the current period; if future estimated gross profits are lower than previously estimated, DAC will be decreased resulting in an increase in amortization expense and decrease in income in the current period. U pdating such assumptions may result in acceleration of amortization in some products and deceleration of amortization in other products. DAC is grouped consistent with the manner in which the insurance contracts are acquired, serviced and measured for prof itability and is reviewed for recoverability based on the current and projected future profitability of the underlying insurance contracts. To estimate future estimated gross profits for variable annuity products , a long-term annual asset growth assumption is applied to determine the future growth in assets and related asset-based fees. In determining the asset growth rate, the effect of short-term fluctuations in the equity markets is partially mitigated through the use of a “reversion to the mean” method ology whereby short-term asset growth above or below long-term annual rate assumptions impact s the growth assumption applied to the five- year period subsequent to the current balance sheet date. The reversion to the mean methodology allows us to maintain ou r long-term growth assumptions, while also giving consideration to the effect of actual investment performance. When actual performance significantly deviates from the annual long-term growth assumption , as evidenced by growth assumptions in the five -year reversion to the mean period falling below a certain rate (floor) or above a certain rate (cap) for a sustain ed period, judgment may be applied to revise or “unlock” the growth rate assumptions to be used for both the five -year reversion to the mean perio d as well as the long-term annual growth assumption applied to subsequent periods. Shadow DAC and Shadow Loss Recognition: DAC related to investment-oriented products is also adjusted to reflect the effect of unrealized gains or losses on fixed maturity and equity securities available for sale on estimated gross profits, with related changes recognized through Other comprehensive income (shadow DAC). The adjustment is made at each balance sheet date, as if the securities had been sold at their stated agg regate fair value and the proceeds reinvested at current yields. Similarly, for long-duration traditional insurance contracts, if the assets supporting the l iabilities are in a net unrealized gain position at the balance sheet date, loss recognition testi ng assumptions are updated to exclude such gains from future cash flows by reflecting the impact of reinvestment rates on future yields. If a future loss is anticipated under this basis, any additional shortfall indicated by loss recognition tests is reco gnized as a reduction in accumulated other comprehensive income (shadow loss recognition). Similar to other loss recognition on long-duration insurance contracts, such shortfall is first reflected as a reduction in DAC and secondly as an increase in liabi lities for future policy benefits. The change in these adjustments, net of tax, is included with the change in net unrealized appreciation of investments that is credited or charged directly to Other comprehensive income. Internal Replacements of Long-dur ation and Investment-oriented Products: For some products, policyholders can elect to modify product benefits, features, rights or coverages by exchanging a contract for a new contract or by amendment, endorsement, or rider to a contract, or by the electi on of a feature or coverage within a contract. These transactions are known as internal replacements. If the modification does not substantially change the contract, we do not change the accounting and amortization of existing DAC and related actuarial ba lances. If an internal replacement represents a substantial change, the original contract is considered to be extinguished and any related DAC or other policy balances ar e charged or credited to income, and any new deferrable costs associated with the rep lacement contract are deferred. Value of Business Acquired (VOBA ) is determined at the time of acquisition and is reported in the Consolidated Balance Sheet s with DAC. This value is based on the present value of future pre-tax profits discounted at yields applicable at the time of purchase. For participating life, traditional life and accident and health insurance products, VOBA is amortized over the life of the business in a manner similar to that for DAC based on the assumptions at purchase. For investmen t - oriented products, VOBA is amortized in relation to estimated gross profits and adjusted for the effect of unrealized gains or losses on fixed maturity and equity securities available for sale in a manner similar to DAC . The following table presents a ro llforward of DAC and VOBA: Years Ended December 31, (in millions) 2017 2016 2015 Balance, beginning of year $ 11,042 $ 11,115 $ 9,828 Dispositions (35) (110) - Acquisition costs deferred 4,820 5,216 5,825 Amortization expense (4,288) (4,521) (5,236) Change in net unrealized gains (losses) on securities (505) (259) 848 Other, including foreign exchange (40) 72 (150) Reclassified to Assets held for sale - (471) - Balance, end of year * $ 10,994 $ 11,042 $ 11,115 Supplemental Information: VOBA amortization expense included in DAC amortization 20 40 64 VOBA, end of year included in DAC balance 381 393 453 * Net of reductions in DAC of $ 1.3 b illion, $ 842 million , and $ 583 m illion at December 31, 2017 , 2016 and 2015 , respectively , related to the effect of net unrealized gains and losses on available for sale securities (shadow DAC). The percentage of the unamortized balance of VOBA at December 31, 2017 expected to be amortized in 2018 through 2022 by year is: 8.4 percent, 7.8 percent, 7.2 percent, 6.1 percent and 5.9 percent, respectively, with 64.6 percent being amortized after f ive years. These projections are based on current estimates for investment income and spreads, persistency, mortality and morbidity assumptions. DAC, VOBA and SIA for insurance -oriented and investment -oriented products are reviewed for recoverability, whic h involves estimating the future profitability of current business. This review involves significant management judgment. If actual future profitability is substantially lower than estimated, AIG’s DAC, VOBA and SIA may be subject to an impairment charge a nd AIG’s results of operations could be significantly affected in future periods.

VARIABLE INTEREST ENTITIES

VARIABLE INTEREST ENTITIES	12 Months Ended
	Dec. 31, 2017
VARIABLE INTEREST ENTITIES
VARIABLE INTEREST ENTITIES	10 . Variable Interest Entities A variable interest entity (VIE) is a legal entity that does not have sufficient equity at risk to finance its activities without additional subordinated financial support or is structured such that equity investors lack the ability to make significant decisions relating to the entity’s operations through voting rights or do not substantively participate in the gains and losses of the entity. Consolidation of a VIE by its primary beneficiary is not based on majority voting interest, but is based on other criteria discussed below. We enter into various arrangements with 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 co nsolidate a VIE, we evaluate the design of the VIE as well as the related risks the entity was designed to expose the variable interest holders to. The primary beneficiary is the entity that has both (1) the power to direct the activities of the VIE that m ost significantly affect the entity’s economic performance and (2) the obligation to absorb losses or the right to receive benefits that could be potentially significant to the VIE. While also considering these factors, the consolidation conclusion depend s on the breadth of our decision-making ability and our ability to influence activities that significantly affect the economic performance of the VIE. Balance Sheet Classification and Exposure to Loss The following table presents the total assets and total liabilities associated with our variable interests in consolidated VIEs, as classified in the Consolidated Balance Sheets: (in millions) Real Estate and Investment Entities (d) Securitization Vehicles (e) Structured Investment Vehicle Affordable Housing Partnerships Other Total December 31, 2017 Assets: Bonds available for sale $ - $ 9,632 $ - $ - $ - $ 9,632 Other bond securities - 4,518 - - 3 4,521 Mortgage and other loans receivable - 2,290 - - - 2,290 Other invested assets 1,365 206 - 3,087 25 4,683 Other (a) 302 1,481 - 350 85 2,218 Total assets (b) $ 1,667 $ 18,127 $ - $ 3,437 $ 113 $ 23,344 Liabilities: Long-term debt $ 680 $ 1,624 $ - $ 1,825 $ 5 $ 4,134 Other (c) 144 244 - 181 26 595 Total liabilities $ 824 $ 1,868 $ - $ 2,006 $ 31 $ 4,729 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) C omprised primarily of Short-term investments and Other assets at December 31, 2017 and 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 December 31, 2017 and 2016 . (d) At December 31 , 2017 and 2016 , off-balance sheet exposure primarily consisting of commitments to real estate and investment entities was $ 85.8 million and $ 106 million, respectively. ( e ) At December 31, 2017 and 2016 , $ 17.6 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 V IE assets or liabilities where we have also provided credit protection to the VIE with the VIE as the referenced obligation, and (iii) other commitments and guarantees to the VIE. Interest holders in VIEs sponsored by us generally have recourse only to the assets and cash flows of the VIEs and do not have recourse to us, except in limited circumstances when we have provided a guarantee to the VIE’s interest holders. The following table presents total assets of unconsolidated VIEs in which we hold a variable interest, as well as our maximum exposure to loss associated with these VIEs: Maximum Exposure to Loss Total VIE On-Balance Off-Balance (in millions) Assets Sheet (b) Sheet Total December 31, 2017 Real estate and investment entities (a) $ 380,030 $ 9,253 $ 2,043 $ 11,296 Affordable housing partnerships 4,468 725 - 725 Other 2,703 254 1,205 (c) 1,459 Total $ 387,201 $ 10,232 $ 3,248 $ 13,480 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 December 31, 2017 and 2016 , $ 9.8 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. Real Estate and Investment Entities T hrough our insurance operation s and AIG Global Real Estate, we are an investor in various real estate investment entities , some of which are VIE s . These investments are typically with unaffiliated third - party developers via a partnership or limited liability company structure. The VIEs ’ activities consist of the development or redevelopment of commercial , industrial and residential real estate. Our involvement varies from being a passive equity investor or finance provider to actively managing the activities of the VIE s . Our insurance o perations participate as passive investors in the equity issued by certain third - party - managed hedge and private equity funds that are VIEs . Our insurance operations typically are not involved in the design or establishment of these VIEs, nor do they activ ely participate in the management of the VIEs. Securitization Vehicles W e created certain VIEs that hold investments, primarily in investment-grade debt securities and loans , and issued beneficial interests in these investments. The majority of these bene ficial interests are owned by our insurance operations and we maintain the power to direct the activities of the VIEs that most significantly impact their economic performance and bear the obligation to absorb losses or receive benefits from the entities t hat could potentially be significant to the entities. Accordingly, we consolidate these entities and those beneficial interests issued to third-parties are reported as Long-term debt. Total assets of consolidated s ecuritization vehicles are $ 18.1 billion , of which $ 17.6 billion represents amounts owed to Parent or its subsidiaries. A ffordable Housing Part nerships SunAmerica Affordable Housing Partners, Inc. (SAAHP) organize d and invest ed in limited partnerships that develop and operate affordable housing qualifying for federal , state, and historic tax credits, in addition to a few market rate properties across the United States. The operating partnerships are VIEs, whose debt is generally non-recourse in nature, and the general partners of which are mostly unaffiliated third - party developers. We account for our investments in operating partnerships using the equity method of accounting, unless they ar e required to be consolidated. We consolidate an operating partnership if the general partner is an affiliated entity or we otherwise have the power to direct activities that most significantly impact the entities’ economic performance . The pre- tax income of SAAHP is reported as a comp onent of the Life and Retirement segment. RMBS, CMBS, Other ABS and CDOs Primarily through our insurance operations , we are a passive investor in RMBS, CMBS, other ABS and CDOs , the majority of which are i ssued by domestic special purpose entities. We gene rally do not sponsor or transfer assets to, or act as the servicer to these asset - backed structures, and were not involved in the design of these entities. Our maximum exposure in these types of structures is limited to our investment in securities issued by these entities. Based on the nature of our investments and our passive involvement in these types of structures, we have determined that we are not the primary beneficiary of these entities. We have not included these entities in the above table s ; however, the fair values of our investments in these structures are reported in Notes 5 and 6 herein.

DERIVATIVES AND HEDGE ACCOUNTIN

DERIVATIVES AND HEDGE ACCOUNTING	12 Months Ended
	Dec. 31, 2017
DERIVATIVES AND HEDGE ACCOUNTING
DERIVATIVES AND HEDGE ACCOUNTING	11 . Derivatives a nd Hedge Accounting We use derivatives and other financial instruments as part of our financial risk management programs and as part of our investment operations. 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 mitig ate 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 addition 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 . Interest rate, currency, equity and commodity swa ps, credit contracts , swaptions, options and forward transactions are accounted for as derivatives , recorded on a trade-date basis and carried at fair value. Unrealized gains and losses are reflected in income, when appropriate. Aggregate asset or liability positions are netted on the Consolidated Balance Sheet s only to the extent permitted by qualifying master netting arrangements in place with each respective counterparty. Cash collateral posted with counterparties in conjunction with tr ansactions supported by qualifying master netting arrangements is reported as a reduction of the corresponding net derivative liability, while cash collateral received in conjunction with transactions supported by qualifying master netting arrangements is reported as a reduction of the corresponding net derivative asset. D erivatives, with the exception of embedded derivatives, are reported at fair value in the Consolidated Balance Sheets in Other assets and Other liabiliti es . Embedded derivatives are genera lly presented with the host contract in the Consolidated Balance Sheets . A bifurcated embedded derivative is measured at fair value and accounted for in the same manner as a free standing derivative contract. The corresponding host contract is accounted fo r according to the accounting guidance applicable f or that instrument. For additional information on embedded deri vatives see Notes 5 and 14 herein. The following table presents the notional amounts of our derivatives and the fair value of derivative assets and liabilities in the Consolidated Balance Sheets : December 31, 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 $ - $ - $ 838 $ 15 $ 175 $ - $ 782 $ 11 Foreign exchange contracts 2,823 173 4,783 350 3,527 385 2,602 184 Equity contracts - - 159 19 - - 113 7 Derivatives not designated as hedging instruments: (a) Interest rate contracts 37,751 2,171 26,461 2,185 51,030 2,328 44,211 3,066 Foreign exchange contracts 6,305 658 11,093 895 9,468 935 7,674 1,185 Equity contracts 19,975 522 1,130 2 14,060 305 8,633 12 Commodity contracts - - - - - - - - Credit contracts (b) 4 1 1,365 277 4 2 861 331 Other contracts (c) 39,829 20 59 5 37,633 22 62 6 Total derivatives, gross $ 106,687 $ 3,545 $ 45,888 $ 3,748 $ 115,897 $ 3,977 $ 64,938 $ 4,802 Counterparty netting (d) (1,464) (1,464) (1,265) (1,265) Cash collateral (e) (1,159) (1,249) (903) (1,521) Total derivatives on consolidated balance sheets (f) $ 922 $ 1,035 $ 1,809 $ 2,016 (a) Fair value amounts are shown before the effects of counterparty netting adjustments and offsetting cash collateral. (b ) As of December 31, 2017 and 2016 , included CDSs on super senior multi-sector CDOs with a net notional amount of $ 685 m illion and $ 801 million (fair value liability of $ 254 million and $ 308 million), respectively. The expected weighted average maturity as of December 31, 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 represents the maximum exposure to loss on the portfolio. As of December 31, 2017 and 2016 , there were no super senior corporate debt/CLOs remaining. (c) Consists primarily of stable value wraps and contracts with multiple 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 Embedded derivatives. Derivative i nstrument assets and liabilities are recorded in Other Assets and Liabilities, respectively. Fair value of assets related to bifurcated Embedded derivatives was zero at both December 31, 2017 and December 31, 2016 . Fair value of liabilities related to bifurcated Embedded derivatives was $ 4.1 billion and $ 3.1 billion, respectively, at December 31, 2017 and December 31, 2016 . A bifurcated Embedded derivative i s generally presented with the host contract in the 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 $ 2.9 billion and $ 4.5 billion at December 31, 2017 and 2016 , respectively. In the case of collateral posted under derivati ve 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 b illion and $ 1.5 billion at December 31, 2017 and 2016 , respectively. In the case of collateral provided to us under derivative transactions that are not subject to clearing, we generally can repledge or resell 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 Consolidated Balance Sheets when a legally enforceable ISDA Master Agreement exists between us and our deri vative 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 trans actions, 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 a ll, or a specified group of, derivative transactions governed by the ISDA Master Agreement . H edge Accounting We designated certain derivatives entered into with third parties as fair value hedges of available for sale investment securities held by our insu rance 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 foreign 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 that use derivatives as hedging instruments, we assess hedge effectiveness and measure hedge ineffectiveness using changes in forward rates. For the years ended December 31, 2017 , 2016 , and 2015 we recognized gain s (losses) of $ (106) million , $ 123 million and $ 90 million, respectively, included in Change in foreign currency translation adjustment in Other comprehensive income related to the net investment hedge relationships. A qualitative methodology is utilized to assess hedge effectiveness for net investment hedges, whi le 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 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) Year ended December 31, 2017 Interest rate contracts : Realized capital gains/(losses) $ (4) $ 4 $ - $ - $ - Other income - - - - - Gain/(Loss) on extinguishment of debt - - - - - Foreign exchange contracts : Realized capital gains/(losses) (420) 393 - (26) - Interest credited to policyholder account balances - - - - - Other income - 4 - - 4 Gain/(Loss) on extinguishment of debt - - - - - Equity contracts : Realized capital gains/(losses) (47) 42 - (5) - Year ended December 31, 2016 Interest rate contracts : Realized capital gains/(losses) $ (7) $ 1 $ 1 $ - $ (7) Other income - 10 - - 10 Gain/(Loss) on extinguishment of debt - - - - - Foreign exchange contracts : Realized capital gains/(losses) 294 (335) - (41) - Interest credited to policyholder account balances - - - - - Other income - 24 - - 24 Gain/(Loss) on extinguishment of debt - - - - - Equity contracts : Realized capital gains/(losses) 10 (11) - (1) - Year ended December 31, 2015 Interest rate contracts : Realized capital gains $ - $ 1 $ 1 $ - $ - Other income - 9 - - 9 Gain/(Loss) on extinguishment of debt - 14 - - 14 Foreign exchange contracts : Realized capital gains/(losses) 202 (167) - 32 3 Interest credited to policyholder account balances - (1) - - (1) Other income - 17 - - 17 Gain/(Loss) on extinguishment of debt - 17 - - 17 Equity contracts : Realized capital gains/(losses) (45) 45 - - - (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 previously-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 in the Consolidated Statements of Income: Years Ended December 31, Gains (Losses) Recognized in Earnings (in millions) 2017 2016 2015 By Derivative Type: Interest rate contracts $ 56 $ (229) $ 339 Foreign exchange contracts (277) 293 416 Equity contracts (964) (902) (182) Commodity contracts - - (1) Credit contracts 58 81 186 Other contracts 75 80 69 Embedded derivatives (449) (48) 49 Total $ (1,501) $ (725) $ 876 By Classification: Policy fees $ 77 $ 80 $ 78 Net investment income (11) 26 26 Net realized capital gains (losses) (1,709) (895) 365 Other income 139 63 401 Policyholder benefits and claims incurred 3 1 6 Total $ (1,501) $ (725) $ 876 Credit Risk-Related Contingent Features We estimate that at December 31, 2017 , based on our outstanding financial derivative transactions, a downgrade of our long-term senior 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 permit certain counterparties to elect early termination of contracts, resulting in corresponding collateral postings and termination payments in the total amount of up to approximately $ 83 million. The aggregate fair value of our derivative s that were in a net liability position and that contain such credit risk -related contingencies which can be triggered below our long-term senior debt ratings of BBB+ or Baa1 was approximately $ 572 m illion and $ 848 million at December 31, 2017 and 2016 , respectively. The aggregate fair value of assets posted as collateral under these contracts at December 31, 2017 and 2016 , was approximately $ 676 m illion and $ 875 million, respectivel y . 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 inv estments 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 ob ligation to make payments on the embedded credit derivatives in the related hybrid securities. We elect to account for our investments in these hybrid securities with embedded written credit derivatives at fair value, with changes in fair value recognized in Net investment income and Other income. Our investments in these hybrid securities are reported as Other bond securities in the Consolidated Balance Sheet s . The fair value s of these hybrid securities were $ 4.4 billion and $ 4.8 billion at December 31, 2017 and 2016 , respectively . These securities ha ve par amounts of $ 9.1 billion and $ 10.1 billion at December 31, 2017 and 2016 , respectively , and have remaining stated maturity dates tha t extend to 2052.

GOODWILL

GOODWILL	12 Months Ended
	Dec. 31, 2017
Goodwill Disclosure
GOODWILL	12 . Goodwill Goodwill represents the future economic benefits arising from assets acquired in a business combination that are not individually identified and separately recognized. Goodwill is tested for impairment annually or more frequently if circumstances indicate an impairment may have occurred. At December 31, 2017, as a result of the 2017 segment changes, goodwill is reported within our General Insurance business – North America and International operating segments, our Life and Retirement business – Life Insurance operating segment and our Other Operations and Legacy Portfolio operating segments. When a business is transferred from one reporting unit to another, as occurred as part of the 2017 segment changes, goodwill from the original ope rating segment is allocated among reporting units based on the fair value of business transferred, relative to business retained by a reporting unit. As a result, at December 31, 2017, $1.3 billion of goodwill was re-allocated to the General Insurance – North America and General Insurance – International operating segments based on their respective fair values. The impairment assessment involves an option to first assess qualitative factors to determine whether events or circumstances exist that lead to a deter mination that it is more likely than not that the fair value of an operating segment is less than its carrying amount. If the qualitative assessment is not performed, or after assessing the totality of the events or circumstances, we determine it is more l ikely than not that the fair value of an operating segment is less than its carrying amount, the impairment assessment involves a two-step process in which a quantitative assessment for potential impairment is performed. If the qualitative test is not per formed or if the test indicates a potential impairment is present, we estimate the fair value of each operating segment and compare the estimated fair value with the carrying amount of the operating segment, including allocated goodwill. The estimate of an operating segment’s fair value involves management judgment and is based on one or a combination of approaches including discounted expected future cash flows, market -based earnings multiples of the unit’s peer companies, external appraisals or, in the ca se of reporting units being considered for sale, third -party indications of fair value, if available. We consider one or more of these estimates when determining the fair value of an operating segment to be used in the impairment test. If the estimated fai r value of an operating segment exceeds its carrying amount, goodwill is not impaired. If the carrying value of an operating segment exceeds its estimated fair value, goodwill associated with that operating segment potentially is impaired. The amount of i mpairment, if any, is measured as the excess of the carrying value of the goodwill over the implied fair value of the goodwill. The implied fair value of the goodwill is measured as the excess of the fair value of the operating segment over the amounts tha t would be assigned to the operating segment’s assets and liabilities in a hypothetical business combination. An impairment charge is recognized in earnings to the extent of the excess of carrying value over fair value. Goodwill was not impaired at Dece mber 31, 2017 based on the results of the goodwill impairment test. The following table presents the changes in goodwill by operating segment: North Life Other Legacy (in millions) America International Insurance Operations Portfolio Total Balance at January 1, 2015: Goodwill - gross $ 1,834 $ 2,887 $ 21 $ 7 $ 182 $ 4,931 Accumulated impairments (1,264) (2,136) - - (77) (3,477) Net goodwill 570 751 21 7 105 1,454 Increase (decrease) due to: Acquisition 50 46 55 20 37 208 Other - (50) 1 - - (49) Balance at December 31, 2015: Goodwill - gross 1,884 2,883 77 27 219 5,090 Accumulated impairments (1,264) (2,136) - - (77) (3,477) Net goodwill 620 747 77 27 142 1,613 Increase (decrease) due to: Dispositions (6) (6) - - - (12) Other - (70) - - (3) (73) Balance at December 31, 2016: Goodwill - gross 1,878 2,807 77 27 216 5,005 Accumulated impairments (1,264) (2,136) - - (77) (3,477) Net goodwill 614 671 77 27 139 1,528 Increase (decrease) due to: Acquisition - - - 4 - 4 Dispositions (10) (7) (6) - (2) (25) Other - 74 13 - - 87 Balance at December 31, 2017: Goodwill - gross 1,868 2,874 84 31 214 5,071 Accumulated impairments (1,264) (2,136) - - (77) (3,477) Net goodwill $ 604 $ 738 $ 84 $ 31 $ 137 $ 1,594

INSURANCE LIABILITIES

INSURANCE LIABILITIES	12 Months Ended
	Dec. 31, 2017
Insurance Liabilites
LIABILITY FOR UNPAID CLAIMS AND CLAIMS ADJUSTMENT EXPENSE, FUTURE POLICY BENEFITS FOR LIFE AND ACCIDENT AND HEALTH INSURANCE CONTRACTS, AND POLICYHOLDER CONTRACT DEPOSITS	13 . 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 and loss adjustment expenses (IBNR), less applicable discount. We regularly review and update the methods used to determine loss reserve est imates. 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 ch anges in trends to be recognized and confirmed. Reserve changes that increase previous estimates of ultimate cost are referred to as unfavorable or adverse development or reserve strengthening. Reserve changes that decrease previous estimates of ultimate c ost are referred to as favorable development. Our gross loss reserves before reinsurance and discount are net of contractual deductible recoverable amounts due from policyholders of approximately $12.6 billion and $12.8 billion at December 31, 2017 and 2016 , respectively. These recoverable amounts are related to 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 insure d for the deductible portion of the claim. Thus, these recoverable amounts represent a credit exposure to us. At December 31, 2017 and 2016 , we held collateral of approximately $9.5 billion and $9.7 billion, respectively, for these de ductible recoverable amounts, consisting primarily of letters of credit and funded trust agreements. The following table presents the roll- fo rward of activity in Loss Reserves: Years Ended December 31, (in millions) 2017 2016 2015 Liability for unpaid loss and loss adjustment expenses, beginning of year $ 77,077 $ 74,942 $ 77,260 Reinsurance recoverable (15,532) (14,339) (15,648) Net Liability for unpaid loss and loss adjustment expenses, beginning of year 61,545 60,603 61,612 Losses and loss adjustment expenses incurred : Current year 21,079 20,232 20,308 Prior years, excluding discount and amortization of deferred gain 1,565 5,788 4,119 Prior years, discount charge (benefit) 187 (422) (71) Prior years, amortization of deferred gain on retroactive reinsurance (a) (284) - - Total losses and loss adjustment expenses incurred 22,547 25,598 24,356 Losses and loss adjustment expenses paid : Current year (5,323) (5,825) (5,751) Prior years (16,241) (16,908) (18,205) Total losses and loss adjustment expenses paid (21,564) (22,733) (23,956) Other changes : Foreign exchange effect 788 (463) (1,429) Acquisitions (b) 23 - - Dispositions (c) (360) (1,058) - Retroactive reinsurance adjustment (net of discount) (d) (11,294) - 20 Reclassified to liabilities held for sale (e) - (402) - Total other changes (10,843) (1,923) (1,409) Liability for unpaid losses and loss adjustment expenses, end of year: Net liability for unpaid losses and loss adjustment expenses 51,685 61,545 60,603 Reinsurance recoverable 26,708 15,532 14,339 Total $ 78,393 $ 77,077 $ 74,942 (a ) Includes $ 25 million fo r 2011 retroactive reinsurance agreement with NICO covering U.S. asbestos exposures for the year ended December 31, 2017 . ( b ) Includes amounts related to the acquisition of Blackboard U.S. Holdings Inc in 2017. (c) Includes amounts related to dispositions through the date of disposition. Includes sale of insurance operations to Fairfax, United Guaranty and Ascot Underwriting Holdings Limited, and Ascot Employees Corporate Member Limited (Ascot). (d) Includes discount on retr oactive insurance in the amount of $1.5 billion for the period ended December 31, 2017 . (e) Represents change in loss reserves included in our sale of certain of our insurance operations and certain assets to Fairfax for the period ended December 31, 2016 . Upon consummation of the sale, we retain ed a portion of these reserves through reinsurance arrangements. During 2017, we recognized unfavorable prior year loss reserve development of $1.6 b illion. This unfavorable development was primarily a result of the following: Unfavorable development in U.S. Casualty lines, driven primarily by increases in underlying severity and greater than expected emerging loss experience in accident year 2016 as well as increased development from claims related to construction defects and construction wrap business (largely from accident years 2006 and prior ). Unfavorable developm ent in U.S. Financial Lines, primarily from Directors & Officers (D&O) policies covering privately owned and not-for-profit insureds. This development was predominantly in accident year 2016 and resulted largely from increases in bankruptcy-related claims and fiduciary liability claims for large educational institutions. Higher than expected losses for Europe Casualty and Financial Lines. We observed a significant increase in large claims activity in our Europe long-tail business, with a large proportion em anating from accident year 2016. In addition, we increased our loss reserves as a result of the decision made by the U.K. Ministry of Justice to reduce the discount rate applied to lump-sum bodily injury payouts, known as the Ogden rate. In addition we al so observed higher than expected losses in Europe property and special risks business driven by unexpected development on various large claims across the property, aviation, marine, and trade credit segments. Our analyses and conclusions about prior year r eserves also help inform our judgments about the current accident year loss and loss adjustment expense ratios we selected. During 2016, we recognized adverse prior year loss reserve development of $5.8 billion. This unfavorable development was primarily a result of the following: Higher than expected losses emerging across several casualty product lines, especially in the recent accident years (generally, 2011 to 2015) driven by increased frequency and severity of claims. This recent accident year loss eme rgence caused us to increase loss development factors applied across many accident years. Loss development factors including workers ’ compensation tail factors, also increased due to an observed lengthening of loss reporting patterns relative to prior expe ctations. Increases in loss trend assumptions to reflect the latest observed increases in frequency and severity and the impact of these increased loss trends on expected loss ratios. Changes in weights we apply to the various actuarial methods to better a lign wit h updated trends. During 2015, we recognized unfavorable prior year loss reserve development of $4.1 billion. This unfavorable development was primarily as a result of the following: Higher than expected loss emergence across U.S. Excess C asual ty , U.S. Workers’ Compensation, and U.S. Other Casualty lines as well as European Financial Lines . U pdated loss development selections in U.S. Excess Casualty, U.S. Financial Lines and U.S. Run-off Casualty Insurance lines, most notably tail factor selectio ns and incorporation of updated industry experience for asbestos liabilities. Revised estimates of expected future recoveries from risk-sharing policies in the U.S. Workers’ Compensation business. Updated estimates for extra-contractual obligation claims and unallocated loss adjustment expenses. The loss development tables below include loss development data by major lines of business for the last ten accident years. The drivers of prior year development are discussed following each of the loss developme nt tables. . The table below presents the reconciliation of the net liability for unpaid losses and loss adjustment expenses in the following tables to Loss Reserves in the Consolidated Balance Sheets for the year ended December 31, 2017: Net liability for unpaid losses and loss adjustment expenses as presented in the disaggregated tables below Reinsurance recoverable on unpaid losses and loss adjustment expenses included in the disaggregated tables below Gross liability for unpaid losses and loss adjustment expenses (in millions) U.S. Workers' Compensation (before discount) $ 6,616 $ 6,513 $ 13,129 U.S. Excess Casualty 4,802 4,053 8,855 U.S. Other Casualty 5,149 4,793 9,942 U.S. Financial Lines 5,104 1,962 7,066 U.S. Property and Special risks 5,410 968 6,378 U.S. Personal Insurance 1,380 194 1,574 Europe Casualty and Financial lines 6,986 1,156 8,142 Europe Property and Special risks 2,022 632 2,654 Europe and Japan Personal Insurance 2,348 349 2,697 U.S. Run-Off Long Tail Insurance Lines (before discount) 5,383 3,675 9,058 Total $ 45,200 $ 24,295 $ 69,495 Reconciling Items Discount on workers' compensation lines (3,383) Other product lines 8,568 Unallocated loss adjustment expenses 3,713 Total Loss Reserves $ 78,393 Loss Development Information The following is information about incurred and paid loss developments as of December 31, 2017, net of reinsurance. The cumulative number of reported claims, the total of IBNR liabilities and expected development on reported loss included within the net incurred loss amounts are presented in the following section. Reserving Methodology We use a combination of methods to project ultimate losses for both long-tail and short-tail exposures, which include: Paid Development metho d: The Paid Development method estimates ultimate losses by reviewing paid loss patterns and selecting paid ultimate loss development factors. These factors are then applied to paid losses by applying them to accident years, with further expected changes i n paid loss. Since the method does not rely on case reserves, it is not directly influenced by changes in the adequacy of case reserves. Incurred Development method: The Incurred Development method is similar to the Paid Development method, but it uses cas e incurred losses instead of paid losses. Since this method uses more data (case reserves in addition to paid losses) than the Paid Development method, the incurred development patterns may be less variable than paid development patterns. Expected Loss Rat io method: The Expected Loss Ratio method multiplies premiums by an expected loss ratio to produce ultimate loss estimates for each accident year. This method may be useful if loss development patterns are inconsistent, losses emerge very slowly, or there is relatively little loss history from which to estimate future losses. Bornhuetter-Ferguson method: The Bornhuetter-Ferguson method using premiums and paid losses is a combination of the Paid Development method and the Expected Loss Ratio method where the weight given to each method is the reciprocal of the loss development factor. This method normally determines expected loss ratios similar to the method used for the Expected Loss Ratio method. The Bornhuetter-Ferguson method using premiums and incurred l osses is similar to the Bornhuetter-Ferguson method using premiums and paid losses except that it uses case-incurred losses. Cape Cod method: The Cape Cod method is mechanically similar to the Bornhuetter-Ferguson method with the difference being that the Expected Loss Ratio estimates are determined based on a weighting of the loss estimates that come from the Paid/Incurred Development Methods. This method may be more responsive to recent loss trends than the Bornhuetter-Ferguson method . Average Loss method : The Average Loss method multiplies a projected number of ultimate claims by an estimated ultimate severity average loss for each accident year to produce ultimate loss estimates. Since projections of the ultimate number of claims are often less variable than projections of ultimate loss, this method can provide more reliable results for reserve categories where loss development patterns are inconsistent or too variable to be relied on exclusively. In updating our loss reserve estimates, we consider and ev aluate inputs from many sources, including actual claims data, the performance of prior reserve estimates, observed industry trends, our internal peer review processes, including challenges and recommendations from our Enterprise Risk Management group, as well as the views of third-party actuarial firms. We use these inputs to improve our evaluation techniques, and to analyze and assess the change in estimated ultimate loss for each accident year by product line. Our analyses produce a range of indications from various methods, from which we select our best estimate. In determining the actual carried loss reserves, we consider both the internal actuarial best estimate and numerous other internal and external factors, including: an assessment of economic cond itions, including real GDP growth, inflation, employment rates or unemployment duration, stock market volatility and changes in corporate bond spreads; changes in the legal, regulatory, judicial and social environment, including changes in road safety, pub lic health and cleanup standards; changes in medical cost trends (inflation, intensity and utilization of medical services) and wage inflation trends; underlying policy pricing, terms and conditions including attachment points and policy limits; change in claims handling philosophy, operating model, processes, a nd related ongoing enhancements; third-party claims reviews that are periodically performed for key classes of claims such as toxic tort, environmental and other complex casualty claims; third-party actuarial reviews that are periodically performed for key classes of business; input from underwriters on pricing, terms, and conditions and market trends; and changes in our reinsurance program, pricing and commutations. The following factors are relevan t to the loss development information Included in the tables below: Table o rganization: The tables are organized by accident year and include policies written on an occurrence and claims- made basis. We note that for certain categories of claims (e.g., construction defect claims and environmental claims) and for reinsurance recoverable, losses may sometimes be reclassified to an earlier or later accident year as more information about the date of occurrence becomes available to us. These reclassification s are shown as development in the resp ective years in the tables below. Financial Lines business is primarily written on a claims-made basis, while the majority of the workers’ compensation, excess casualty, other casualty, and run-off property and casual ty lines of business are written on an occurrence basis. Primarily, all short-tail lines in Property and Special Risks and Personal Insurance are written on an occurrence basis. Groupings: We believe our groupings have homogenous risk characteristics wi th similar development patterns and would generally be subject to similar trends and reflect our reportable segments. The incurred losses and loss adjustment expenses and paid losses in the following tables f or the current reporting year are allocated to th e line of business and accident years based on an initial allocation methodology and updated for the final allocation in the subsequent reporting year. The difference between the initial and the final allocation does not have a material impact on the loss ta bles . Reinsurance: Our reinsurance program varies by exposure type and may change from year to year. This may affect the comparability of the data presented in our tables. Note that the impact of the Adverse Development Reinsurance Agreement is shown separately. For the lines of business covered by the agreement, an allocation of the loss recoveries to the line of business by accident yea r is presented separately in the loss tables. The allocation is based on the underlying distribution of the losses subject to the agreement. Incurred but not reported liabilities (IBNR): We include development from past reported losses in IBNR. Data excluded from tables: Information with respect to accident years older than ten years is excluded from the development tables. Unallocated loss adjustment expenses are also excluded. Foreign exchange: The loss development for operations outside of the U.S. is presented for all accident years using the cur rent exchange rate at December 31, 2017. Although this approach requires restating all prior accident year information, the changes in exchange rates do not impact incurred and paid loss development trends. Dispositions: We exclude dispositions from all a ccident years presented in the tables . Claim counts: We consider a reported claim to be one claim for each claimant or feature for each loss occurrence. Claims relating to losses that are 100 percent reinsured are excluded from the reported claims in the t ables below. Reported claims for losses from assumed reinsurance contracts are not available and hence not included in the reported claims. There are limitations that should be considered on the reported claim count data in the tables below, including: Claim counts are presented only on a reported (not an ultimate) basis; The tables below include lines of business and geographies at a certain aggregated level which may indicate different frequency and severity trends and characteristics, and may not be as meaningful as the claim count information related to the individual products within those lines of business and geographies; Certain lines of business are more likely to be subject to occurrences involving multiple claimants and features, which can dist ort measures based on the reported claim counts in the table below; and Reported claim counts are not adjusted for ceded reinsurance, which may distort the measure of frequency or severity. Supplemental Information: The information about incurred and paid loss development for all periods preceding year ended December 31, 201 7 and the related historical claims payout percentage disclosure is unaudited and is presented as supplementary information. The following tables present undiscounted, incurred and paid losses and allocated loss adjustment expenses by accident year, on a net basis after reinsurance, with a separate presentation of the Adverse Development Reinsurance Agreement excluding the related amortization of the deferred gain : U.S. Workers' Compensa tion During 2017, we recognized $31 million of favorable prior year development. During 2016, we recognized $1.9 billion of unfavorable prior year developmen t due to increased tail and loss development factors. Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance Years Ended December 31, (dollars in millions) December 31, 2017 Accident Year 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement Total of IBNR Liabilities Plus Expected Development on Reported Losses Cumulative Number of Reported Claims Incurred Impact of Adverse Development Reinsurance Agreement 2017 (Net of Impact of Adverse Development Reinsurance Agreement) Total of IBNR Liabilities Net of Impact of Adverse Development Reinsurance Agreement Unaudited 2008 $ 4,114 $ 4,184 $ 4,422 $ 4,425 $ 4,471 $ 4,398 $ 4,385 $ 4,398 $ 4,547 $ 4,536 $ (11) $ 448 198,852 $ (416) $ 4,120 $ 32 2009 3,466 3,633 3,608 3,666 3,639 3,616 3,606 3,708 3,714 6 495 147,357 (416) 3,298 79 2010 2,706 3,049 3,125 3,148 3,211 3,214 3,286 3,267 (19) 451 133,191 (449) 2,818 2 2011 2,901 2,953 3,091 3,158 3,113 3,152 3,156 4 481 124,657 (479) 2,677 2 2012 2,382 2,194 2,286 2,260 2,334 2,308 (26) 503 70,625 (494) 1,814 9 2013 1,932 1,880 1,950 2,060 2,032 (28) 548 46,483 (538) 1,494 10 2014 1,729 1,764 1,866 1,862 (4) 664 39,408 (552) 1,310 112 2015 1,708 1,864 1,866 2 849 35,059 (587) 1,279 262 2016 1,299 1,346 47 773 28,880 - 1,346 773 2017 789 577 22,523 - 789 577 Total $ 24,876 $ (29) $ (3,931) $ 20,945 Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance from the table below (16,580) - - (16,580) Liabilities for losses and loss adjustment expenses and prior year development before accident year 2008, net of reinsurance 3,867 4 (1,616) 2,251 Unallocated loss adjustment expense prior year development (6) Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance $ 12,163 $ (31) $ (5,547) $ 6,616 Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance Years Ended December 31, (dollars in millions) Accident Year 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Paid Impact of Adverse Development Reinsurance Agreement Unaudited 2008 $ 785 $ 1,678 $ 2,252 $ 2,655 $ 3,044 $ 3,272 $ 3,476 $ 3,609 $ 3,707 $ 3,789 $ - 2009 630 1,328 1,756 2,120 2,390 2,621 2,780 2,887 2,968 - 2010 550 1,093 1,537 1,855 2,126 2,288 2,426 2,532 - 2011 519 1,129 1,561 1,884 2,129 2,285 2,388 - 2012 415 804 1,089 1,272 1,440 1,563 - 2013 282 619 879 1,067 1,214 - 2014 231 558 786 930 - 2015 234 524 725 - 2016 147 378 - 2017 93 - Total $ 16,580 $ - Reserving Process and Methodology U.S. Workers’ Compensation is an extremely long-tail line of business, with loss emergence extending for decades. We generally use a combination of loss development , frequency/severity and expected loss ratio methods for workers’ compensation. Many of our primary casualty policies contain risk-sharing features, including high deductibles, self-insured retentions or retrospective rating features, in addition to a tra ditional insurance component. These risk-sharing programs generally are large and complex, comprising multiple products, years and structures, and are subject to amendment over time. We group guaranteed cost and excess of deductible business separately and then further by state and industry subset to the extent that meaningful differences are determined to exist. We also separately analyze certain subsets of the portfolio that have unique characteristics (e.g., U.S. government sub-contractor accounts and co nstruction wrap-up business). For excess of deductible business, we also segment by size of deductible and whether the claim is handled by AIG or an outside third-party administrator (TPA). T he proportion of large deductible busine ss has increased over time , which has slowed the reporting pattern of claims. For guaranteed cost business, expected loss ratio methods generally are given significant weight only in the most recent accident year. Workers’ compensation claims are generally characterized by high frequency, low severity, and relatively consistent loss development from one accident year to the next. We historically have been a leading writer of workers’ compensation, and thus have sufficient volume of claims experience to use d evelopment methods. We generally segregate California (CA) and New York (NY) businesses from the other states to reflect their different development patterns and changing percentage of the mix by state. The claims development tables above are impacted by two other significant initiatives, which offset each other. In recent years, we instituted claims strategy changes and loss mitigation efforts to accelerate settlements, which we believe results in an overall reduction in claim costs. This strategy resu lted in an increase in paid losses along the latest diagonals relative to prior years. In addition, we have been reducing premium volume in recent years and shifting a greater proportion of business to insured risk retention structures such as high deducti ble policies. These mix and volume changes slowed paid and incurred development since excess of deductible claims will typically take longer to emerge and settle. Expected loss ratio methods for business written in excess of a deductible may be given signi ficant weight in the most recent five accident years. In the 2016 analysis, we increased our tail factor estimates for states other than NY and CA for guaranteed cost business in recognition of longer medical development patterns that we have been seeing i n recent years. We reflected increases in legal costs we have seen across the portfolio, particularly in California. Additionally, over the years we have written a number of very large accounts which include workers’ compensation coverage. These accounts a re generally individually priced by our actuaries, and to the extent appropriate, the indicated losses based on the pricing analysis may be used to record the initial estimated loss reserves for these accounts . Prior Year Development During 2017, we recogn ized $3 1 million of favorable prior year development in U.S. workers’ compensation business, particularly guaranteed cost business in the states of California and New York. Actual loss emergence during the year , particularly for guaranteed cost business in these two states, was significantly less than expected on a reported loss basis . We did recognize some offsetting unfavorable development in our Defense Based Act (DBA) business that covers government contractors in U.S. and non-U.S. military installation s , as well as from a Pennsylvania Supreme Court decision that overturned a ruling that provided limitations on payments for certain permanent injuries (the Protz decision). During 2016, we recognized $1.9 billion of unfavorable prior year development in p rimary workers’ compensation coverages primarily driven by the risk-sharing programs where we provide coverage in excess of large deductibles. For this excess of large deductible business, in 2016, we observed actual loss emergence and development at sig nificantly greater levels than expected based on our previous experience in particular from losses in excess of $1 million. Since these policies respond to larger claims, the loss reporting pattern is much longer than observed in guaranteed cost workers’ c ompensation and it takes several years to discern credible changes in the pattern. Furthermore, implementation of claims settlement and loss mitigation strategies over the past several years has made the recent evaluation of data more challenging as histor ical development patterns may not yet fully reflect these claim and mitigation activities. During 2016, we refined our actuarial methodology by combining data across previously segregated underwriting portfolios to improve our ability to analyze the los s development trends and patterns that had been altered by the mix, claims handling and loss mitigation changes we have made during the last five years. We also developed further segmentations by deductible size and other key parameters, such as claims han dled by TPA staff and not our claims department. As a result, we determined that the loss emergence patterns had changed and lengthened significantly from our prior expectation and therefore, we increased our loss development factors. In addition, for wo rkers’ compensation policies with no deductibles (guaranteed cost), we increased our tail factors for the all other states grouping to reflect the latest unfavorable experience in more mature accident years. This change increased the ultimate losses by app roximately $440 million in 2016. We also reflected the increasing cost trends for legal and cost containment services, especially in California, as recent trends in this sector have been unfavorable. Furthermore, in 2016, the Florida Supreme Court issued t wo separate rulings that have increased the potential liability for workers’ compensation claims in that state by undoing certain aspects of regulations in place since 2003. The Castellanos ruling eliminated statutory caps on claimant attorney fees in cert ain cases, and the Westphal ruling eliminated the 104-week limitation on temporary total disability benefits. Also in the second quarter, the Florida Court of Appeals issued the Miles decision, declaring unconstitutional certain restrictions on claimant-p aid attorney fees. In in the second quarter 2016, we increased our workers’ compensation reserves by $100 million to reflect our estimate of the costs of these rulings on prior years’ claims. During 2015, we increased our reserves by $234 million, primar ily for accident years 2012 and prior in the U.S. Workers’ Compensation line, to reflect estimated increased losses and reduced expectations of future recoveries from our insureds through risk-sharing features. We also recognized $100 million of unfavorabl e prior year development in U.S. Workers’ Compensation coverages sold to government contractors in U.S. and non-U.S. military installations as a result of unfavorable loss emergence from several large accounts in the recent accident years. In addition, we reacted to the unfavorable emergence by increasing our expected loss ratios in recent accident years. For the remainder of the primary workers’ compensation portfolio, our 2015 analysis was based on the refined segmentation from 2014, and indicated that pr ior year loss reserve development was flat after taking into account the initiatives that our claim function had undertaken to manage high risk claims. U.S. Excess Casualty During 2017, we recognized $ 254 mi llion of unfavorable prior year development in Excess Casualty driven by higher than expected loss emergence . During 2016, we recognized $1.1 billion of unfavorable prior year development in Excess Casualty driven by continued higher tha n expected loss emergence . Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance Years Ended December 31, (dollars in millions) December 31, 2017 Accident Year 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement Total of IBNR Liabilities Plus Expected Development on Reported Losses Cumulative Number of Reported Claims Incurred Impact of Adverse Development Reinsurance Agreement 2017 (Net of Impact of Adverse Development Reinsurance Agreement) Total of IBNR Liabilities Net of Impact of Adverse Development Reinsurance Agreement Unaudited 2008 $ 1,948 $ 1,968 $ 2,146 $ 1,933 $ 1,819 $ 1,875 $ 1,714 $ 1,662 $ 1,635 $ 1,658 $ 23 $ 188 4,662 $ (176) $ 1,482 $ 12 2009 1,831 1,897 1,797 1,638 1,457 1,321 1,407 1,518 1,522 4 210 3,789 (169) 1,353 41 2010 1,863 2,076 2,076 1,771 1,640 1,723 1,719 1,706 (13) 359 3,588 (260) 1,446 99 2011 1,766 1,807 1,581 1,416 1,521 1,606 1,623 17 350 3,520 (256) 1,367 94 2012 1,588 1,382 1,226 1,477 1,530 1,481 (49) 371 3,398 (323) 1,158 48 2013 1,073 973 1,113 1,258 1,178 (80) 441 2,722 (309) 869 132 2014 849 968 1,157 1,135 (22) 583 2,088 (355) 780 228 2015 892 1,334 1,320 (14) 602 1,770 (425) 895 177 2016 790 1,029 239 870 1,061 - 1,029 870 2017 758 725 376 - 758 725 Total $ 13,410 $ 105 $ (2,273) $ 11,137 Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance from the table below (7,120) - - (7,120) Liabilities for losses and loss adjustment expenses and prior year development before accident year 2008, net of reinsurance 1,649 141 (864) 785 Unallocated loss adjustment expense prior year development 8 Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance $ 7,939 $ 254 $ (3,137) $ 4,802 Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance Years Ended December 31, (dollars in millions) Accident Year 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Paid Impact of Adverse Development Reinsurance Agreement Unaudited 2008 $ 11 $ 97 $ 439 $ 667 $ 842 $ 954 $ 1,061 $ 1,172 $ 1,226 $ 1,364 $ - 2009 8 69 249 449 624 788 965 1,174 1,212 - 2010 10 197 475 654 795 946 1,052 1,217 - 2011 5 63 225 386 716 921 1,069 - 2012 3 106 288 495 649 887 - 2013 15 104 204 382 546 - 2014 3 68 202 397 - 2015 9 192 361 - 2016 14 66 - 2017 1 - Total $ 7,120 $ - Reserving Process and Methodology U.S. Excess Casualty policies tend to attach at a high layer above underlying policies, which causes the loss development pattern to be lagged significantly. Many of the claims notified to the excess layers are closed without payment because the claims never reach our layer as a result of high deductibles and other underlying coverages, while the claims that reach our layer and close with payment can be large and highly variable in terms of reported timing and amount. F or a portion of this business, the underlying primary policies are issued by other insurance companies, which can limit our access to relevant information to help inform our judgments as the loss events evolve an

VARIABLE LIFE AND ANNUITY CONTR

VARIABLE LIFE AND ANNUITY CONTRACTS	12 Months Ended
	Dec. 31, 2017
VARIABLE LIFE AND ANNUITY CONTRACTS
VARIABLE LIFE AND ANNUITY CONTRACTS	14 . Variable Life and Annuity Contracts We report variable contracts within the separate accounts when investment income and investment gains and losses accrue directly to, and investment risk is borne by, the contract holder and the separate account meets additional accounting criteria to qualify for separate account treatment. The assets supporting the variable portion of variable annuity and variable universal life contracts that qualify for separate account treatment are carried at fair value and reported as Separate account assets, with an equivalent summary total reported as Separate account liabilities. Policy values for variable products and investment contracts are expressed in terms of investment units. Each unit is linked to an asset portfolio. The value of a unit increases or decreases based on the value of the linked asset portfolio. The current liability at any time is the sum of the current unit value of all investment units in the separate accounts, plus any liabilities for guaranteed minimum death benefits or guaranteed minimum withdrawal benefits included in Future policy benefits or Policyholder contract deposits, respectively. Amounts assessed against the contract holders for mortality, administrative and other servic es are included in revenue. Net investment income, net investment gains and losses, changes in fair value of assets, and policyholder account deposits and withdrawals related to separate accounts are excluded from the Consolidated Statements of Income, Com prehensive Income (Loss) and Cash Flows. Variable annuity contracts may include certain contractually guaranteed benefits to the contract holder. These guaranteed features include guaranteed minimum death benefits (GMDB) that are payable in the event of d eath, and living benefits that are payable in the event of annuitization , or, in other instances, at specified dates during the accumulation period. Living benefits primarily include guaranteed minimum withdrawal benefits (GMWB). A variable annuity contrac t may include more than one type of guaranteed benefit feature; for example, it may have both a GMDB and a GMWB. However, a policyholder can only receive payout from one guaranteed feature on a contract containing a death benefit and a living benefit, i.e. the features are mutually exclusive (except a surviving spouse who has a rider to potentially collect both a GMDB upon their spouse’s death and a GMWB during their lifetime). A policyholder cannot purchase more than one living benefit on one contract. Th e net amount at risk for each feature is calculated irrespective of the existence of other features; as a result, the net amount at risk for each feature is not additive to that of other features. Account balances of variable annuity contracts with guarant ees were invested in separate account investment options as follows: At December 31, (in millions) 2017 2016 Equity funds $ 48,594 $ 42,266 Bond funds 7,793 7,798 Balanced funds 27,656 25,365 Money market funds 730 840 Total $ 84,773 $ 76,269 GMDB Depending on the contract, the GMDB feature may provide a death benefit of either (a) total deposits made to the contract less any partial withdrawals plus a minimum return (and in rare instances, no minimum return) or (b) the highest contract value attain ed, typically on any anniversary date minus any subsequent withdrawals following the contract anniversary. GMDB is our most widely offered benefit. The liability for GMDB, which is recorded in Future policy benefits, represents the expected value of benefits in excess of the projected account value, with the exc ess recognized ratably over the accumulation period based on total expect ed assessments, through Policyholder benefits and losses incurred. The net amount at risk for GMDB represents the amount of benefits in excess of account value if death claims were f iled on all contracts on the balance sheet date. The following table presents details concerning our GMDB exposures, by benefit type : At December 31, 2017 2016 Net Deposits Net Deposits Plus a Minimum Highest Contract Plus a Minimum Highest Contract (dollars in billions) Return Value Attained Return Value Attained Account value $ 99 $ 17 $ 91 $ 16 Net amount at risk 1 - 1 1 Average attained age of contract holders by product 63 68 63 68 Range of guaranteed minimum return rates 0%-4.5% 0%-4.5% The following summarizes GMDB liability related to variable annuity contracts, excluding assumed reinsurance: Years Ended December 31, (in millions) 2017 2016 2015 Balance, beginning of year $ 402 $ 491 $ 420 Reserve increase (decrease) (14) (32) 127 Benefits paid (42) (57) (56) Changes in reserves related to unrealized appreciation of investments 6 - - Balance, end of year $ 352 $ 402 $ 491 Assumptions used to determine the GMDB liability include interest rates, which vary by year of issuance and products; mortality rates, which are based upon actual experience modified to allow for variations in policy form; lapse rates, which are based upon actual experience modified to allow for variations in policy form; i nvestment returns, using assumptions from a randomly generated model; and asset growth assumptions, which include a reversion to the mean methodology, similar to that applied for DAC. We regularly evaluate estimates used to determine the GMDB liability and adjust the additional liability balance, with a related charge or credit to Policyholder benefits and losses incurred, if actual experience or other evidence suggests that earlier assumptions should be revised. GMWB Certain of our variable annuity contracts contain optional GMWB benefi ts and, to a lesser extent, guaranteed minimum accumulation benefits, which are not currently offered . With a GMWB, the contract holder can monetize the excess of the guarantee d amount over the account value of the contract only through a series of withdrawals that do not exceed a specific percentage per year of the guaranteed amount. If, after the series of withdrawals, the account value is exhausted, the contract holder will r eceive a series of annuity payments equal to the remaining guaranteed amount, and, for lifetime GMWB products, the annuity payments continue as long as the covered person(s) is living. T he liabilities for GMWB , which are recorded in Policyholder contract deposits, are accounted for as embedded derivatives measured at fair value, with changes in the fair value of the liabilities recorded in Other net realized capital gains (losses). The fair value of these embedded derivatives was a net liability of $ 2.0 billion and $ 1.8 billion at December 31, 2017 and 2016 , respectively. For discussion of the fair value measurement of guaranteed benefits that are accounted for as embe dded derivatives see Note 5 . We had account values subject to GMWB that totaled $ 45 billion and $ 41 billion at December 31, 2017 and 2016 , respectively. The n et amount at risk for GMWB represents the present value of minimum guaranteed withdrawal payments, in accordance with contract terms, in excess of account value, assuming no lapses. T he net amount at r isk related to the GMWB guarantees was $ 450 million and $ 834 million at December 31, 2017 and 2016 , respectively. We use derivative instruments and other financial instruments to mitigate a portion of our exposure that arises from GMWB benefits.

DEBT

DEBT	12 Months Ended
	Dec. 31, 2017
DEBT
DEBT	15 . Debt Our long-term debt is denominated in various currencies, with both fixed and variable interest rates. Long-term debt is carried at the principal amount borrowed, including unamortized discounts , hedge accounting valuation adjustments and fair value adjustments, when applicable. The following t able lists our total debt outstanding at December 31, 2017 and 2016 . The interest rates presented in the following table are the range of contractual rates in effect at December 31, 2017 , including fixed and variable-rates: Balance at Balance at At December 31, 2017 Range of Maturity December 31, December 31, (in millions) Interest Rate(s) Date(s) 2017 2016 Debt issued or guaranteed by AIG: AIG general borrowings: Notes and bonds payable 0% - 8.13% 2018 - 2097 $ 20,339 $ 19,432 Junior subordinated debt 4.88% - 8.63% 2037 - 2058 841 843 AIG Japan Holdings Kabushiki Kaisha 0.28% - 0.44% 2020 - 2021 334 330 AIGLH notes and bonds payable 6.63% - 7.50% 2025 - 2029 281 281 AIGLH junior subordinated debt 7.57% - 8.50% 2030 - 2046 361 361 Total AIG general borrowings 22,156 21,247 AIG borrowings supported by assets: (a) MIP notes payable 2.72% - 2.95% 2018 356 1,099 Series AIGFP matched notes and bonds payable 1.21% - 1.30% 2046 - 2047 21 32 GIAs, at fair value 0.50% - 7.62% 2018 - 2053 2,707 2,934 Notes and bonds payable, at fair value 0.50% - 9.97% 2018 - 2040 181 494 Total AIG borrowings supported by assets 3,265 4,559 Total debt issued or guaranteed by AIG 25,421 25,806 Debt not guaranteed by AIG: Other subsidiaries notes, bonds, loans and mortgages payable 1.40% - 1.57% 2018 190 735 Debt of consolidated investments (b) 0% - 9.31% 2018 - 2065 6,029 4,371 Total debt not guaranteed by AIG 6,219 5,106 Total long term debt $ 31,640 $ 30,912 (a) AIG Parent guarantees all such debt, except for MIP notes payable and Series AIGFP matched notes and bonds payable, which are direct obligations of AIG Parent. Collateral posted to third parties was $ 2.0 billion and $ 2.2 billion at December 31, 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 o r resold by the counterparties. (b ) At December 31, 2017 , includes debt of consol idated investment vehicles related to real estate investments of $ 2.5 billion, affordable housing partnership investments of $ 1.8 b illion and other securitization vehicles of $ 1.7 b illion . At December 31, 2016 , includes debt of consol idated investment vehicles related to real estate investments of $ 1.9 billio n, affordable housing partnership investments of $ 1.7 b illion and other securitization vehicles of $ 771 m illion . The following table presents maturities of long-term debt (including unamortized original is sue discount, hedge accounting valuation adjustments and fair value adjustments, when applicable), excluding $ 6.0 billion in borrowings of debt of consolidated investments: December 31, 2017 Year Ending (in millions) Total 2018 2019 2020 2021 2022 Thereafter Debt issued or guaranteed by AIG: AIG general borrowings: Notes and bonds payable $ 20,339 $ 1,107 $ 998 $ 1,343 $ 1,496 $ 1,507 $ 13,888 Junior subordinated debt 841 - - - - - 841 AIG Japan Holdings Kabushiki Kaisha 334 - - 115 219 - - AIGLH notes and bonds payable 281 - - - - - 281 AIGLH junior subordinated debt 361 - - - - - 361 Total AIG general borrowings 22,156 1,107 998 1,458 1,715 1,507 15,371 AIG borrowings supported by assets: MIP notes payable 356 356 - - - - - Series AIGFP matched notes and bonds payable 21 - - - - - 21 GIAs, at fair value 2,707 506 265 30 202 47 1,657 Notes and bonds payable, at fair value 181 126 - - - - 55 Total AIG borrowings supported by assets 3,265 988 265 30 202 47 1,733 Total debt issued or guaranteed by AIG 25,421 2,095 1,263 1,488 1,917 1,554 17,104 Other subsidiaries notes, bonds, loans and mortgages payable 190 190 - - - - - Total $ 25,611 $ 2,285 $ 1,263 $ 1,488 $ 1,917 $ 1,554 $ 17,104 Uncollateralized and collateralized notes, bonds, loans and mortgages payable consisted of the following: Uncollateralized Collateralized At December 31, 2017 Notes/Bonds/Loans Loans and (in millions) Payable Mortgages Payable Total AIG general borrowings $ 334 $ - $ 334 Other subsidiaries notes, bonds, loans and mortgages payable * - 190 190 Total $ 334 $ 190 $ 524 * AIG does not guarantee any of these borrowings. AIGLH Junior Subordinated Debentures (Formerly, Liabilities Connected To Trust Preferred Stock) In connection with our acquisition of AIG Life Holdings, Inc. (AIGLH) in 2001, we entered into arrangements with AIGLH with respect to outstanding AIGLH capital securities. In 1996, AIGLH issued capital securities through a trust to institutional investors and funded the trust with AIGLH junior subordinated debentures issued to the trust with the same terms as the capital securities . On July 11, 2013, th e AIGLH junior subordinated debentures were distributed to holders of the capital securities, the capital securities were cancelled and the trusts were dissolved. At December 31, 2017 , the junior subordinated debentures outstanding consisted of $ 113 million of 8.5 p ercent junior subordinated debentures due July 2030, $ 211 million of 8.125 percent junior subordinated debentures due March 2046 and $ 37 million of 7.57 percent j unior subordinated debentures due December 2045, each guaranteed by AIG Parent. Credit Facilities We maintain a committed, revolving syndicated credit facility (the Facility) as a potential source of liquidity for general corporate purposes. The Facility provides for aggregate commitments by the bank syndicate to provide unsecured revolving loans and/or standby letters of credit of up to $ 4.5 billion without any limits on the type of borrowings and is scheduled to expire in June 2022 . At December 31, 2017 Available Effective (in millions) Size Amount Expiration Date Syndicated Credit Facility $ 4,500 $ 4,500 June 2022 6/27/2017

CONTINGENCIES, COMMITMENTS AND

CONTINGENCIES, COMMITMENTS AND GUARANTEES	12 Months Ended
	Dec. 31, 2017
CONTINGENCIES, COMMITMENTS AND GUARANTEES
CONTINGENCIES, COMMITMENTS AND GUARANTEES	16 . 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 regulatory and government investigations and actions, and litigation and other forms of dispute resolution in a large number of proceedings pending in various domestic and foreign jurisdictions. Certain of these matters involve potentially significant risk of loss due to potential for significant jury awards and settlements, punitive damages or other penalties. Many of these matters are also highly complex and seek recovery on behalf of a class or simila rly large number of plaintiffs. It is therefore inherently difficult to predict the size or scope of potential future losses arising from these matters. In our insurance and reinsurance operations, litigation and arbitration concerning the scope of cover age under insurance and reinsurance contracts, and litigation and arbitration in which our subsidiaries defend or indemnify their insureds under insurance contracts, are generally considered in the establishment of our loss reserves. Separate and apart fr om the foregoing matters involving insurance and reinsurance coverage, AIG, our subsidiaries and their respective officers and directors are subject to a variety of additional types of legal proceedings brought by holders of AIG securities, customers, empl oyees and others, alleging, among other things, breach of contractual or fiduciary duties, bad faith and violations of federal and state statutes and regulations. With respect to these other categories of matters not arising out of claims for insurance or reinsurance coverage, we establish reserves for loss contingencies when it is probable that a loss will be incurred and the amount of the loss can be reasonably estimated. In many instances, we are unable to determine whether a loss is probable or to rea sonably estimate the amount of such a loss and, therefore, the potential future losses arising from legal proceedings may exceed the amount of liabilities that we have recorded in our financial statements covering these matters. While such potential futur e charges could be material, based on information currently known to management, management does not believe, other than may be discussed below, that any such charges are likely to have a material adverse effect on our financial position or results of oper ation. Additionally, from time to time, various regulatory and governmental agencies review the transactions and practices of AIG and our subsidiaries in connection with industry-wide and other inquiries into, among other matters, the business practices of current and former operating insurance subsidiaries. We have cooperated, and will continue to cooperate, in producing documents and other information in response to such requests. AIG’s Subprime Exposure, AIGFP Credit Default Swap Portfolio and Related Ma tters 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. residential subprime mortgage market, unrealized market valuation losses on AIGFP’s super senior credit default swap portfolio, losses and liquidity constraints relating to our securities lending program and related disclosure and other matters (Subprime Exposure Issues). As n oted below, all of the actions relating to the Subprime Exposure Issues have been resolved. Consolidated 2008 Securities Litigation. On May 19, 2009, a consolidated class action complaint, resulting from the consolidation of eight purported se curities class actions filed between May 2008 and January 2009, was filed against AIG and certain directors and officers of AIG and AIGFP, AIG’s outside auditors, and the underwriters of various securities offerings in the United States District Court for the Southern District of New York (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 cl aims under the Securities Act of 1933, as amended (the Securities Act), for allegedly 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 Is sues. 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 class 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 Fe bruary 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 voluntarily dismissed, and the remaining nine have now been settled. Starr International Litigation On November 21, 2011, Starr International Company, Inc. (SICO) filed a complaint against the United States in the United States Court of Federal Claims (the Court of Federal Claims), bringing claims, both individually and on behalf of the classes defined below and derivatively on behalf of AIG (the SICO Treasury Action). The complaint challenges the government’s assistance of AIG, pursuant to which AIG entered into a credit facility with the Federal Reserve Bank of New York (the FRBNY, and such credit facility, the FRBNY Credit Facility) and the United States received an approximately 80 percent ownership in AIG. The complaint alleges that the interest rate imposed on AIG and the appropriation of approximately 80 percent of AIG’s equity was discriminatory, unprecedented, and inconsistent with liquidity assistanc e offered by the government to other comparable firms at the time and violated the Equal Protection, Due Process, and Takings Clauses of the U.S. Constitution. In 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 SIC O’s demand in its entirety and on January 23, 2013, counsel for the Board sent a letter to counsel for SICO describing the process by which our Board considered and refused SICO’s demand and stating the reasons for our Board’s determination. On March 11, 2 013, SICO filed a second amended complaint in the SICO Treasury Action alleging that its demand was wrongfully refused. On June 26, 2013, the Court of Federal Claims granted AIG’s and the United States’ motions to dismiss SICO’s derivative claims in the SI CO 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 provid ed 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 Com mon Stock during the two class periods 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 entered 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 damages.” 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, 201 3 opinion and order denying its motion 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) vacated the Court of Federal Claims judgment on the Credit Agreement Shareholder Class and remanded with instructions for dismissal of that class, and (ii) affirmed the finding of no liability with respect to the Reverse Stock Split Class . 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 t he 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) SIC O prevails on its appeal and ultimately 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 preva ils 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 da mages, together with a final determination that AIG is obligated to indemnify the United States for any such damages, could have a material adverse effect on our business, consolidated financial condition and results of operations. Tax Litigation. W e are party to pending tax litigation before the Southern District of New York . For additional information see Note 23 to the Consolidated Financial Statements. Commitments We occupy leased space in many locations under various long-term leases and have entered into various leases covering the long-term use of data processing equipment. The following table presents the future minimum lease payments under operating leases at December 31, 2017: (in millions) 2018 $ 243 2019 179 2020 137 2021 95 2022 59 Remaining years after 2022 120 Total $ 833 Rent expense was $ 269 million, $ 331 million and $ 327 million for the years ended December 31, 2017 , 2016 and 2015 , respectively. Other Commitments In the normal course of business, we enter into commitments to invest in limited partnerships, private equity funds and hedge funds and to purchase and develop real estate in the U.S. and abroad. These commitments totaled $ 3.2 billion at December 31, 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 December 31, 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 Consolidated Balance Sheets. Other For additional discussion on commitments and guarantees associated with VIEs s ee Note 10 to the Consolidated Financial Statements . For additional disclosures about derivatives s ee Note 11 to the Consolidated Financial St atements . For additional disclosures about guarantees of outstanding debt s ee Note 25 to the Consolidated Financial Statements .

EQUITY

EQUITY	12 Months Ended
	Dec. 31, 2017
EQUITY
EQUITY	17 . Equity Shares Outstanding The following table presents a rollforward of outstanding shares: Common Treasury Common Stock Stock Issued Stock Outstanding Year Ended December 31, 2015 Shares, beginning of year 1,906,671,492 (530,744,521) 1,375,926,971 Shares issued - 371,806 371,806 Shares repurchased - (182,382,160) (182,382,160) Shares, end of year 1,906,671,492 (712,754,875) 1,193,916,617 Year Ended December 31, 2016 Shares, beginning of year 1,906,671,492 (712,754,875) 1,193,916,617 Shares issued - 2,069,110 2,069,110 Shares repurchased - (200,649,886) (200,649,886) Shares, end of year 1,906,671,492 (911,335,651) 995,335,841 Year Ended December 31, 2017 Shares, beginning of year 1,906,671,492 (911,335,651) 995,335,841 Shares issued - 3,386,462 3,386,462 Shares repurchased - (99,677,646) (99,677,646) Shares, end of year 1,906,671,492 (1,007,626,835) 899,044,657 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 on 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 resources in comparison to internal benchma rks, 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 following table presents record date, paym ent date and dividends paid per share on AIG Common Stock: Dividends Paid Record Date Payment Date Per Share December 8, 2017 December 22, 2017 $ 0.32 September 15, 2017 September 29, 2017 0.32 June 14, 2017 June 28, 2017 0.32 March 15, 2017 March 29, 2017 0.32 December 8, 2016 December 22, 2016 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 December 7, 2015 December 21, 2015 0.28 September 14, 2015 September 28, 2015 0.28 June 11, 2015 June 25, 2015 0.125 March 12, 2015 March 26, 2015 0.125 Repurchase of AIG Common Stock The following table presents repurchases of AIG Common Stock and warrants to purchase shares of AIG Common Stock: Years Ended December 31, (in millions) 2017 2016 2015 (a) Aggregate repurchases of common stock $ 6,275 $ 11,460 $ 10,691 Total number of common shares repurchased 100 201 182 Aggregate repurchases of warrants $ 3 $ 309 $ - Total number of warrants repurchased (b) - 17 - (a) T h e total number of shares of AIG Common Stock repurchased in 2015 includes (but the aggregate purchase price does not include) approximately 3.5 million shares of AIG Common Stock received in January 2015 upon the settlement of an accelerated stock repurchase ( ASR ) agreement executed in the fourth quarter of 2014. (b) In 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 and warrants to purchase 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 December 31, 2017, a pproximately $ 2.3 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 repurc hase transactions or otherwise (including 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 depen d on market conditions, our business and strategic plans, financial condition, results of operations, liquidity and other factor s. Accumulated Other Comprehensive Income The following table presents a rollforward of Accumulated other comprehensive income: Unrealized Appreciation (Depreciation) of Fixed Unrealized Maturity Securities Appreciation Foreign Retirement on Which Other-Than- (Depreciation) Currency Plan Temporary Credit of All Other Translation Liabilities (in millions) Impairments Were Taken Investments Adjustments Adjustment Total Balance, January 1, 2015, net of tax $ 1,043 $ 12,327 $ (1,784) $ (969) $ 10,617 Change in unrealized depreciation of investments (488) (10,519) - - (11,007) Change in deferred policy acquisition costs adjustment and other (146) 1,265 - - 1,119 Change in future policy benefits 92 1,112 - - 1,204 Change in foreign currency translation adjustments - - (1,129) - (1,129) Change in net actuarial gain - - - 413 413 Change in prior service credit - - - (239) (239) Change in deferred tax asset (liability) 195 1,380 29 (51) 1,553 Total other comprehensive income (loss) (347) (6,762) (1,100) 123 (8,086) Noncontrolling interests - (1) (5) - (6) Balance, December 31, 2015, net of tax $ 696 $ 5,566 $ (2,879) $ (846) $ 2,537 Change in unrealized appreciation (depreciation) of investments (326) 931 - - 605 Change in deferred policy acquisition costs adjustment and other (19) 286 - - 267 Change in future policy benefits - (676) - - (676) Change in foreign currency translation adjustments - - 93 - 93 Change in net actuarial loss - - - (151) (151) Change in prior service credit - - - (22) (22) Change in deferred tax asset 75 298 157 47 577 Total other comprehensive income (loss) (270) 839 250 (126) 693 Noncontrolling interests - - - - - Balance, December 31, 2016, net of tax $ 426 $ 6,405 $ (2,629) $ (972) $ 3,230 Change in unrealized appreciation of investments 394 3,668 - - 4,062 Change in deferred policy acquisition costs adjustment and other 23 (1,282) - - (1,259) Change in future policy benefits - (1,102) - - (1,102) Change in foreign currency translation adjustments - - 547 - 547 Change in net actuarial gain - - - 110 110 Change in prior service cost - - - 9 9 Change in deferred tax asset (liability) (50) 4 (8) (78) (132) Total other comprehensive income 367 1,288 539 41 2,235 Noncontrolling interests - - - - - Balance, December 31, 2017, net of tax $ 793 $ 7,693 $ (2,090) $ (931) $ 5,465 The following table presents the other comprehensive income (loss) reclassification adjustments for the years ended December 31, 2017 , 2016 and 2015 : Unrealized Appreciation (Depreciation) of Fixed Unrealized Maturity Securities Appreciation Foreign Retirement on Which Other- (Depreciation) Currency Plan Than-Temporary Credit of All Other Translation Liabilities (in millions) Impairments Were Taken Investments Adjustments Adjustment Total December 31, 2015 Unrealized change arising during period $ (471) $ (7,068) $ (1,129) $ 285 $ (8,383) Less: Reclassification adjustments included in net income 71 1,074 - 111 1,256 Total other comprehensive income (loss), before income tax expense (benefit) (542) (8,142) (1,129) 174 (9,639) Less: Income tax expense (benefit) (195) (1,380) (29) 51 (1,553) Total other comprehensive income (loss), net of income tax expense (benefit) $ (347) $ (6,762) $ (1,100) $ 123 $ (8,086) December 31, 2016 Unrealized change arising during period $ (222) $ 1,769 $ 93 $ (344) $ 1,296 Less: Reclassification adjustments included in net income 123 1,228 - (171) 1,180 Total other comprehensive income (loss), before income tax expense (benefit) (345) 541 93 (173) 116 Less: Income tax benefit (75) (298) (157) (47) (577) Total other comprehensive income (loss), net of income tax benefit $ (270) $ 839 $ 250 $ (126) $ 693 December 31, 2017 Unrealized change arising during period $ 467 $ 2,052 $ 547 $ 24 $ 3,090 Less: Reclassification adjustments included in net income 50 768 - (95) 723 Total other comprehensive income, before income tax expense 417 1,284 547 119 2,367 Less: Income tax expense (benefit) 50 (4) 8 78 132 Total other comprehensive income, net of income tax expense (benefit) $ 367 $ 1,288 $ 539 $ 41 $ 2,235 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 Consolidated Statements of Income: Amount Reclassified from Accumulated Other Years Ended December 31, Comprehensive Income Affected Line Item in the (in millions) 2017 2016 2015 Consolidated Statements of Income Unrealized appreciation (depreciation) of fixed maturity securities on which other-than-temporary credit impairments were taken Investments $ 50 $ 123 $ 71 Other realized capital gains Total 50 123 71 Unrealized appreciation (depreciation) of all other investments Investments 463 935 1,054 Other realized capital gains Deferred acquisition costs adjustment 305 293 3 Amortization of deferred policy acquisition costs Future policy benefits - - 17 Policyholder benefits and losses incurred Total 768 1,228 1,074 Change in retirement plan liabilities adjustment Prior-service credit 5 15 214 * Actuarial losses (100) (186) (103) * Total (95) (171) 111 Total reclassifications for the period $ 723 $ 1,180 $ 1,256 * These Accumulated other comprehensive income components are included in the computation of net periodic pension cost. See Note 21 to the Consolidated Financial Statements.

EARNINGS PER SHARE (EPS)

EARNINGS PER SHARE (EPS)	12 Months Ended
	Dec. 31, 2017
EARNINGS PER SHARE (EPS)
EARNINGS PER SHARE (EPS)	18 . 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 potential 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: Years Ended December 31, (dollars in millions, except per share data) 2017 2016 2015 Numerator for EPS: Income (loss) from continuing operations $ (6,060) $ (259) $ 2,222 Less: Net income from continuing operations attributable to noncontrolling interests 28 500 26 Income (loss) attributable to AIG common shareholders from continuing operations (6,088) (759) 2,196 Income (loss) from discontinued operations, net of income tax expense 4 (90) - Net income (loss) attributable to AIG common shareholders $ (6,084) $ (849) $ 2,196 Denominator for EPS: Weighted average shares outstanding — basic 930,561,286 1,091,085,131 1,299,825,350 Dilutive shares - - 34,639,533 Weighted average shares outstanding — diluted (a)(b) 930,561,286 1,091,085,131 1,334,464,883 Income (loss) per common share attributable to AIG: Basic: Income (loss) from continuing operations $ (6.54) $ (0.70) $ 1.69 Income from discontinued operations $ - $ (0.08) $ - Income (loss) attributable to AIG $ (6.54) $ (0.78) $ 1.69 Diluted: Income (loss) from continuing operations $ (6.54) $ (0.70) $ 1.65 Income from discontinued operations $ - $ (0.08) $ - Income (loss) attributable to AIG $ (6.54) $ (0.78) $ 1.65 (a) Shares in the diluted EPS calculation represent basic shares for 2017 and 2016 due to the net losses in those period s . The shares excluded from the calculation were 22,412,682 shares and 30,326,772 shares for the years ended December 31, 2017 and 2016, respectively. (b) Dilutive shares included 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 were 1.7 million, 0.2 million and 0.2 million for the years ended December 31, 2017 , 2016 and 2015 , respectively, because the effect of including those shares in the calculation would have been anti-dilutive.

STATUTORY FINANCIAL DATA AND RE

STATUTORY FINANCIAL DATA AND RESTRICTIONS	12 Months Ended
	Dec. 31, 2017
STATUTORY FINANCIAL DATA AND RESTRICTIONS
STATUTORY FINANCIAL DATA AND RESTRICTIONS	19 . Statutory Financial Data a nd Restrictions The following table presents statutory net income (loss) and capital and surplus for our General Insurance c ompanies and our Life and Retirement c ompanies in accordance with statutory accounting practices: (in millions) 2017 2016 2015 Years Ended December 31, Statutory net income (loss) (a)(b)(c) : General Insurance companies : Domestic (c) $ (622) $ 260 $ 1,444 Foreign (333) (1,326) 594 Total General Insurance companies $ (955) $ (1,066) $ 2,038 Life and Retirement companies : Domestic $ 932 $ 2,252 $ 2,200 Foreign 21 47 (5) Total Life and Retirement companies $ 953 $ 2,299 $ 2,195 At December 31, Statutory capital and surplus (a)(b)(c) : General Insurance companies : Domestic (c) $ 21,514 $ 21,665 Foreign 11,695 12,587 Total General Insurance companies $ 33,209 $ 34,252 Life and Retirement companies : Domestic $ 11,872 $ 12,314 Foreign 446 490 Total Life and Retirement companies $ 12,318 $ 12,804 Aggregate minimum required statutory capital and surplus : General Insurance companies : Domestic $ 5,307 $ 5,183 Foreign 6,166 7,257 Total General Insurance companies $ 11,473 $ 12,440 Life and Retirement companies : Domestic $ 3,148 $ 3,088 Foreign 121 234 Total Life and Retirement companies $ 3,269 $ 3,322 (a) Excludes discontinued operations and other divested businesses. Statutory capital and surplus and net income (loss) with respect to foreign operations are as of November 30. (b) In aggregate, the 201 6 General Insurance c ompanies and Life and Retirement c ompanies statutory net income increased by $ 479 million and the 201 6 General Insurance c ompanies and Life and Retirement c ompanies statutory capital and surplus decreased by $ 305 m illion, compare d to the amounts previously reported in our Annual Report on Form 10-K for the year ended December 31, 201 6 , due to finalization of statutory filings. (c) General Insurance companies recognized $ 200 million of capital contributions from AIG Parent in their statutory financial statements as of December 31, 201 6 related to the reserve strengthening in the fourth quarter . This capital contribution was received in February 2017 . Our insurance subsidiaries file financial statements prepared in accordance with st atutory accounting practices prescribed or permitted by domestic and foreign insurance regulatory authorities. The principal differences between statutory financial statements and financial statements prepared in accordance with U.S. GAAP for domestic comp anies are that statutory financial statements do not reflect DAC, some bond portfolios may be carried at amortized cost, investment impairments are determined in accordance with statutory accounting practices, assets and liabilities are presented net of re insurance, policyholder liabilities are generally valued using more conservative assumptions and certain assets are non-admitted. For domestic insurance subsidiaries, aggregate minimum required statutory capital and surplus is based on the greater of the R BC level that would trigger regulatory action or minimum requirements per state insurance regulation. Capital and surplus requirements of our foreign subsidiaries differ from those prescribed in the U.S., and can vary significantly by jurisdiction. At both December 31, 2017 and 2016 , all domestic and foreign insurance subsidiaries individually exceeded the minimum required statutory capital and surplus requirements and all domestic insurance subsidiaries individually exceed ed RBC minimum required levels. At December 31, 2017 and 2016 , our domestic insurance subsidiaries used the following permitted practices that resulted in reported statutory surplus or risk-based capital that is significantly different from the statu tory surplus or risk based capital that would have been reported had NAIC statutory accounting practices or the prescribed regulatory accounting practices of their respective state regulator been followed in all respects: In 201 5 , a domestic life insurance subsidiary domiciled in Texas adopted a permitte d statutory accounting practice to report derivatives used to hedge interest rate risk on product-related embedded derivatives at amortiz ed cost instead of fair value. In 2017, the permitted practice was exp anded to include additional derivative instruments utilized for the same purpose and to also include an additional domestic life insurance subsidiary domiciled in Texas. This permitted practice resulted in a n increase in the sta tutory surplus of our subsidiaries of $407 million and $ 645 million at December 31, 2017 and 2016, respectively. In 2016, certain domestic property and casualty subsidiaries domiciled in New York, Pennsylvania and Delaware applied a permitted practice to present the inception d ate effects of the 2017 adverse loss development cover in their 2016 statutory-basis financial statements. This permitted practice resulted in an increase in the subsidiaries’ aggregate surplus as of December 31, 2016 of $ 1.1 billion. As described in No te 13 , our domestic property and casualty insurance subsidiaries domiciled in New York, Pennsylvania and Delaware discount non-tabular workers’ compensation reserves based on applicable prescribed or approved regulations, or in the case of our Delaware subsidiary, based on a permitted practice. This practice did not have a material impact on our statutory surplus, statutory net income (loss) or risk-based capital . The NAIC Model Regulation “Valuation of Life Insurance Policies” (Regulation XXX ) requires U.S. life insurers to establish additional statutory reserves for term life insurance policies with long-term premium guarantees and universal life policies with secondary guarantees (ULSGs). In addition, NAIC Actuarial Guideline 38 (Guideline A XXX) clarifies the application of Regulation XXX as to these guarantees, including certain ULSGs. Domestic life insurance subsidiaries manage the capital impact of statutory reserve requirements under Regulation XXX and Guideline AXXX through unaffiliated and affiliated reinsurance transactions. The affiliated life insurers providing reinsurance capacity for such transactions are fully licensed insurance companies and are not formed under captive insurance laws. One of these affiliated reinsurance arrangem ents, under which certain Regulation XXX and Guideline AXXX reserves related to new and in-force business were ceded to an affiliated U.S. life insurer, was recaptured effective December 31, 2016 and these reserves were ceded to an un affiliated reinsurer. Under the other intercompany reinsurance arrangement, certain Regulation XXX and Guideline AXXX reserves related to a closed block of in-force business are ceded to an affiliated off-shore life insurer, which is licensed as a class E insurer under Bermuda law. Bermuda law permits the off-shore life insurer to record an asset that effectively reduces the statutory reserves for the assumed reinsurance to the level that would be required under U.S. GAAP. Letters of credit are used to support the credit for re insurance provided by the affiliated off-shore life insurer . For additional information regarding these letters of credit see Note 8 . Subsidiary Dividend Restrictions Payments of dividends to us by our insurance subsidiaries are subject to certain restrictions imposed by regulatory authorities. With respect to our domestic insurance subsidiaries, the payment of any dividend requires formal notice to the insurance department in which the particular insurance subsidiary is domiciled. For examp le, unless permitted by the Superintendent of Financial Services, property casualty companies domiciled in New York generally may not pay dividends to shareholders that, in any 12 -month period, exceed the lesser of 10 percent of such company’s statutory po licyholders’ surplus or 100 percent of its “adjusted net investment income,” for the previous year, as defined. Generally, less severe restrictions applicable to both property casualty and life insurance companies exist in most of the other states in which our insurance subsidiaries are domiciled. Under the laws of many states, an insurer may pay a dividend without prior approval of the insurance regulator when the amount of the dividend is below certain regulatory thresholds. Other foreign jurisdictions ma y restrict the ability of our foreign insurance subsidiaries to pay dividends. Various other regulatory restrictions also limit cash loans and advances to us by our subsidiaries. Largely as a result of these restrictions, approximately $ 44.8 billion of the statutory capital and surplus of our consolidated insurance subsidiaries were restricted from transfer to AIG Parent without prior approval of state insurance regulators at December 31, 2017 . To our knowledge, no AIG insurance company is currently on any regulatory or similar “watch list” with regar d to solvency. Parent Company Dividend Restrictions At December 31, 2017 , our ability to pay dividends is not subject to any significant contractual restrict ions, but remains subject to regulatory restrictions. For additional information about our ability to pay dividends to our shareholders see Note 17 herein.

SHARE-BASED AND OTHER COMPENSAT

SHARE-BASED AND OTHER COMPENSATION PLANS	12 Months Ended
	Dec. 31, 2017
SHARE-BASED AND OTHER COMPENSATION PLANS
SHARE-BASED AND OTHER COMPENSATION PLANS	20 . Share-Based Compensation Plans The following table presents our total share -based compensation expense: Years Ended December 31, (in millions) 2017 2016 2015 Share-based compensation expense - pre-tax * $ 353 $ 237 $ 365 Share-based compensation expense - after tax 229 154 237 * We recognized $ 141 million, $ 105 million and $ 147 million for immediately vested stock-settled awards issued to retirement eligible employees in 2017 , 2016 and 2015 , respectively. We also recognized $ 40 million of excess tax benefits due to share settlements occurring in 2017. Employee Plans The Company sponsors several Long Term Incentive (LTI) programs under the AIG 2013 Long Term Incentive Plan and its successor plan, the AIG Long Term Incentive Plan (each as applicable, the LTIP), which are governed by the AIG 2013 Omnibus Incentive Plan (Omnibus Plan). The Omnibus Plan replaced the AIG 2010 Stock Incentive Plan (2010 Plan) as of May 15, 2013 but does not affect the terms and conditions of any award issued under the 2010 Plan. The Omnibus Plan is currently the only plan under which share-settled awards can be made. Our share-settled awards are settled with previously acquired shares held in AIG’s treasury. AIG 2013 Omnibus Incentive Plan The Omnibus Plan was adopted at the 2013 Annual Meeting of Shareholders and provides for the grants of share-based awards to our employees and non-employee directors. The total number of shares that may be granted under the Omnibus Plan (the reserve) is the sum of 1) 45 million shares of AIG Common Stock, plus 2) the number of authorized shares that remained available for issuance under the 2010 Plan when the Omnibus Plan became effective, plus 3) the number of shares of AIG Common Stock relating to outstanding awards under the 2010 Plan at the time the Omnibus Plan became effective that subsequently are forfeited, expired, terminated or otherwise lapse or are settled in cash. Each share-based unit granted under the Omnibus Plan reduces the number of shares available for future grants by one share. However, shares with respect to awards that are forfeited, expired or settled for cash, and shares withheld for taxes on awards (other than options and stock appreciation rights awards) are returned to the reserve. During 2017 , performance share units (PSUs), restricted stock units (RSUs), stock options and deferred stock units (DSUs) (collectively, units) were grante d under the Omnibus Plan and 42,780,716 shares are available for future grants as of December 31, 2017 . Units are issued to employees as part of our long-term incentive program, generally in March of any given year, and are also issued for off-cycle grants, which are made from time to time during the year generally as sign-on awards to new hires or as a result of a change in employee status. AIG 201 0 Stock Incentive Plan The 2010 Plan was adopted at the 2010 Annual Me eting of Shareholders. The total number of shares of AIG Common Stock that could be granted under the 2010 Plan was 60 million. During 2013, we granted PSUs, DSUs and RSUs under the 2010 Plan. Each PSU, DSU and RSU awarded red uced the number of shares available for future grants by one share. Subsequent to the adoption of the Omnibus Plan in May 2013, no additional grants were made under the 2010 Plan. AIG Long Term Incentive Plan LTI Awards The LTIP prov ides for an annual award to certain employees, including our senior executive officers and other highly compensated employees. In 2017, each award recipient was granted PSUs and/or RSUs, and in 2013 through 2016, each award recipient was granted PSUs. The number of PSUs issued on the grant date (the target) provides the opportunity for the LTIP participant to receive shares of AIG Common Stock based on AIG achieving specified performance goals at the end of a three -year performance peri od. These performance goals are pre-established by AIG’s Compensation and Management Resources Committee (CMRC) for each annual grant and may differ from year to year. The actual number of PSUs earned can vary from zero to 200 percent of the target for the 2017 awards, or zero to 150 percent of the target for the 2013 through 2016 awards, depending on AIG’s performance relative to a specified peer group. RSUs are earned based on continued service by the participant. For the 2017 awards, vesting occurs on January 1 of the year immediately following the end of the three-year performance period. For awards granted prior to 2017, vesting occurs in three equal installments beginning on January 1 of the year immediately following the end of a performance period and January 1 of each of the next two years. Recipients must be employed at each vesting date to be entitled to share delivery, except upon the occurrence of an accelerated vesting event, such as an involuntary termination without cause, disability, retirement eligibility or death during the vesting period. LTI awards granted in 2015 and thereafter accrue dividend equivalent units (DEUs) in the form of additional PSUs and/or RSUs whenever a cash dividend is declared on shares of AIG Common Stock; the DEUs are subject to the same vesting ter ms and conditions as the underlying unit. Unit Valuation The value of each award is based on the nature of the performance goals and the price per unit is fixed as of the grant date. PSUs granted in 2017 and 2016 are measured based on AIG’s relative tota l shareholder return (TSR). P SUs granted in 2015 and 2014 are measured based on AIG’s relative TSR and credit default swap (CDS) spread , weighted 75 percent and 25 percent, respectively. PSUs granted in 2013 are measured ba sed on AIG’s relative TSR and relative growth in tangible book value per common share (TBVPS) (excluding accumulated other comprehensive income) weighted 50 percent each. The fair value of RSUs as well as PSUs earned based on AIG’s CDS s preads and relative TBVPS was based on the closing price of AIG Common Stock on the grant date. However, PSUs granted in 2014 and 2013 that vest based on these goals were discounted by the present value of estimated dividends to be paid during the respecti ve vesting periods as these awards do not accrue dividends or DEUs. The fair value of PSUs to be earned based on AIG’s relative TSR was determined on the grant date using a Monte Carlo simulation. The following table presents the assumptions used to estim ate the fair value of PSUs that vest based on AIG’s TSR: 2017 2016 2015 Expected dividend yield (a) 2.37 % 2.17 % 1.78 % Expected volatility (b) 17.58 % 24.55 % 22.71 % Risk-free interest rate (c) 2.00 % 1.30 % 1.01 % (a) The dividend yield is the projected annualized AIG dividend yield estimated by Bloomberg Professional service as of the valuation date. (b) The expected volatility is based on the historical volatility of the stock price for the 360 most recent trading days prior to the valuation date estimated by Bloomberg Professional service . (c) The risk-free interest rate is the continuousl y compounded interest rate for the term between the valuation dat e and the end of the performance period that is assumed to be constant and equal to the interpolated value between the closest data points on the U.S. dollar LIBOR-swap curve as of the valuation date Modification of LTI awards During the fourth quarter of 2017, the Company modified certain outstand ing LTI awards by concurrently issuing service-based RSUs and canceling some previously granted PSUs. The change applied to most recipients who participate in the 2015, 2016 and 2017 LTI awards, excluding certain of the Company’s most senior executives. In addit ion, the Company also issued supplemental RSU grants to certain active employees , which vest in installments over a period of up to three years. We incurred incremental compensation ex pense of $142 million as a result of these actions. We recognized $71 million in 2017 and the remainder will be recognized through December 2020. The following table summarizes outstanding share - settled LTI awards (a) : Weighted Average As of or for the Year Number of Units Grant-Date Fair Value Ended December 31, 2017 (b) 2017 LTI 2016 LTI 2015 LTI 2014 LTI 2013 LTI 2017 LTI 2016 LTI 2015 LTI 2014 LTI 2013 LTI Unvested, beginning of year - 2,588,598 2,176,555 1,732,616 1,581,904 $ - $ 51.12 $ 55.52 $ 48.88 $ 38.03 Granted 3,996,978 2,806 - 122,378 - 64.83 36.49 - 48.57 - Vested (c) (971,945) (182,938) (201,256) (957,045) (968,930) 64.09 60.29 59.04 48.89 37.98 Forfeited (84,987) (138,263) (121,456) (74,638) (36,764) 65.24 51.10 55.01 49.02 39.14 Unvested, at modification date 2,940,046 2,270,203 1,853,843 823,311 576,210 $ 65.07 $ 50.37 $ 55.17 $ 48.81 $ 38.04 Cancelled at modification date (1,082,417) (2,951,417) (2,229,873) - - 67.47 52.00 54.56 - - Granted at modification date 1,082,417 2,646,866 2,094,629 - - 62.13 62.13 62.13 - - Sub-total, net impact of modification - (304,551) (135,244) - - - 55.01 56.33 - - Vested - post-modification (c) (766,931) (495,222) (424,788) - - 64.01 62.13 61.82 - - Forfeited - post-modification - (2,685) (2,023) - - - 62.13 62.13 - - Unvested, end of year (d) 2,173,115 1,467,745 1,291,788 823,311 576,210 $ 62.78 $ 60.90 $ 60.02 $ 48.81 $ 38.04 (a) Excludes stock options and DSUs, which are discussed under Stock Options and Non-Employee Plan, respectively. (b) Except for the 2013 and 2014 LTI award, PSUs represent target amount granted, and does not reflect potential increases or decreases that could result from the final outcome of the performance goals for the respective awards, which is determined in the quarter after the applicable performance period ends. (c) Also r eflects units that vest as a result of an accelerated vesting event that o ccurred prior to the specified vesting date. (d) At December 31, 2017 , the total unrecognized compe nsation cost for outstanding LTI awards was $ 237 million and the weighted-average and expected period of years over w hich that cost is expected to be recognized are 1.02 years and 3 years . Stock Option Awards The Company issued 2.5 million stock options to two senior executives who joined the Company in 2017. The options vest in installments base d on a combination of service requirements of up to three years and/or AIG stock price achieving specified hurdles, a nd will expire in 2024 . The fair value of the options were estimated on the grant date using the Black Scholes model for the time-vesting options, and a Monte Carlo simulation for the hurdle-vesting options using the assumptions noted in the following table. The following weighted-average assumptions were used for stock op tions granted 2017 Expected annual dividend yield (a) 2.03 % Expected volatility (b) 20.96 % Risk-free interest rate (c) 1.94 % Expected term (d) 4.5 years (a) The dividend yield is based on the current quarterly dividend payment of $0.32 and the Valuation Date stock price. (b) The expected volatility is the 1080-day implied volatility as seen in the open marketplace on the Valuation Date. (c) The risk-free interest rate range is 1.76 percent to 2.14 percent. (d) The contractual term of the option is 7 years from the grant date . The following table provides a roll forward of stock option activity: Weighted Average Aggregate As of or for the Year Weighted Average Remaining Intrinsic Values Ended December 31, 2017 Units Exercise Price Contractual Life (in millions) Outstanding, beginning of year - $ - Granted 2,500,000 62.90 Exercised - - Forfeited or expired - - Outstanding, end of year 2,500,000 $ 62.90 6.48 $ - Exercisable, end of year - $ - - $ - The weighted average grant-date fair value of stock options granted during 2017 was $ 10.54 . As of December 31, 2017, we recognized $7.3 million of expense, while $19 million was unrecognized and is expected to be amortized up to 2.75 years. Non-Employee Plan Our non-employee directors, who serve on our Board of Directors, receive share-based compensation in the form of fully vested DSUs with delivery deferred until retirement from the Board. DSUs granted in 2017 , 2016 and 2015 accrue DEUs equal to the amount of any regular quarterly dividend that would have been paid by AIG if the shares of AIG Common Stock underlying the DSUs had been outstanding. In 2017 , 2016 and 2015 , we granted to non-employee directors 32,067 , 41,974 and 32,342 DSUs, respe ctively, under the 2013 Plan, and recognized expense of $ 2.0 million, $ 2.4 million and $ 1.9 million, respectively.

EMPLOYEE BENEFITS

EMPLOYEE BENEFITS	12 Months Ended
	Dec. 31, 2017
EMPLOYEE BENEFITS
EMPLOYEE BENEFITS	21 . Employee Benefits Pension Plans We offer various defined benefit plans to eligible employees. The U.S. AIG Retirement Plan (the qualified plan) is a noncontributory defined benefit plan that is subject to the provisions of ERISA. U.S. salaried employees who are employed by a participating company on or before December 1, 2014 and who have completed 12 months of continuous service are eligible to participate in the plan. Effective April 1, 2012, the qualified plan was converted to a cash balance formula comprised of pay credits based on six percent of a plan participant’s annual compensation (subject to IRS limitations) and annual interest credits. Employees can take their vested benefits when they leave AIG as a lump sum or an annui ty option after completing at least three years of service. Employees satisfying certain age and service requirements (i.e., grandfathered employees) remain covered under the average pay formula that was in effect prior to the conversion to the cash balanc e formula. The final average pay formula is based upon a percentage of final average compensation multiplied by years of credited service, up to 44 years. Grandfathered employees will receive the higher of the benefit under the cash balance formula or th e final average pay formula at retirement. Non-U.S. defined benefit plans generally are either based on the employee’s years of credited service and compensation in the years preceding retirement or on points accumulated based on the employee’s job grade and other factors during each year of service. In the U.S. we also sponsor non-qualified unfunded defined benefit plans, such as the AIG Non-Qualified Retirement Income Plan (AIG NQRIP) for certain employees, including key executives, designed to supplemen t pension benefits provided by the qualified plan. The AIG NQRIP provides a benefit equal to the reduction in benefits under the qualified plan as a result of federal tax limitations on compensation and benefits payable. Plan Freeze Effective January 1, 2016, the U.S. defined benefit pension plans were frozen. Consequently, these plans are closed to new participants and current participants no longer earn benefits. However, interest credits continue to accrue on the existing cash balance accounts and part icipants are continuing to accrue years of service for purposes of vesting and early retirement eligibility and subsidies as they continue to be employed by AIG. Postretirement Plans We also provide postretirement medical care and life insurance benefits i n the U.S. and in certain non-U.S. countries. Eligibility in the various plans generally is based upon completion of a specified period of eligible service and attaining a specified age. Overseas, benefits vary by geographic location. U.S. postretirement m edical and life insurance benefits are based upon the employee attaining the age of 55 and having a minimum of ten years of service. Eligible employees who have medical coverage can enroll in retiree medical upon termination of employment. Medical benefits are contributory, while the life insurance benefits generally are non-contributory. Retiree medical contributions vary from none for pre-1989 retirees to actual premium payments reduced by certain subsidies for post-1992 retirees. These contributions are subject to adjustment annually. Other cost sharing features of the medical plan include deductibles, coinsurance and Medicare coordination. Effective April 1, 2012, the retiree medical employer subsidy for the AIG postretirement plan was eliminated for emp loyees who were not grandfathered. Additionally, new employees hired after December 31, 2012 are not eligible for retiree life insurance. The following table presents the funded status of the plans reconciled to the amount reported in the Consolidated Ba lance Sheets. The measurement date for most of the non-U.S. defined benefit pension and postretirement plans is November 30, consistent with the fiscal year end of the sponsoring companies. For all other plans, measurement occurs as of December 31. As of or for the Years Ended Pension Postretirement December 31, U.S. Plans * Non-U.S. Plans * U.S. Plans Non-U.S. Plans (in millions) 2017 2016 2017 2016 2017 2016 2017 2016 Change in projected benefit obligation: Benefit obligation, beginning of year $ 4,948 $ 5,324 $ 1,246 $ 1,146 $ 196 $ 208 $ 80 $ 75 Service cost 11 19 29 31 2 2 3 3 Interest cost 166 181 16 21 6 7 3 3 Actuarial (gain) loss 372 118 (29) 98 - (2) (2) - Benefits paid: AIG assets (19) (24) (10) (12) (13) (14) (1) (1) Plan assets (161) (332) (26) (35) - - - - Plan amendment - - - 1 - - (6) - Curtailments - - (7) (2) - (1) - - Settlements (226) (338) (12) (16) - - - - Foreign exchange effect - - 37 19 - - 1 - Other - - (42) (5) (1) (4) (15) - Projected benefit obligation, end of year $ 5,091 $ 4,948 $ 1,202 $ 1,246 $ 190 $ 196 $ 63 $ 80 Change in plan assets: Fair value of plan assets, beginning of year $ 3,843 $ 4,359 $ 803 $ 773 $ - $ - $ - $ - Actual return on plan assets, net of expenses 584 154 67 19 - - - - AIG contributions 329 24 60 71 13 14 1 1 Benefits paid: AIG assets (19) (24) (10) (12) (13) (14) (1) (1) Plan assets (161) (332) (26) (35) - - - - Settlements (226) (338) (12) (16) - - - - Foreign exchange effect - - 19 6 - - - - Dispositions - - - (4) - - - - Other - - (26) 1 - - - - Fair value of plan assets, end of year $ 4,350 $ 3,843 $ 875 $ 803 $ - $ - $ - $ - Funded status, end of year $ (741) $ (1,105) $ (327) $ (443) $ (190) $ (196) $ (63) $ (80) Amounts recognized in the balance sheet: Assets $ - $ - $ 68 $ 53 $ - $ - $ - $ - Liabilities (741) (1,105) (395) (496) (190) (196) (63) (80) Total amounts recognized $ (741) $ (1,105) $ (327) $ (443) $ (190) $ (196) $ (63) $ (80) Pre-tax amounts recognized in Accumulated other comprehensive income: Net gain (loss) $ (1,373) $ (1,405) $ (170) $ (251) $ 17 $ 17 $ (11) $ (15) Prior service (cost) credit - - (22) (28) 1 2 5 - Total amounts recognized $ (1,373) $ (1,405) $ (192) $ (279) $ 18 $ 19 $ (6) $ (15) * Includes non-qualified unfunded plans of which the aggregate projected benefit obligation was $ 272 million and $ 278 million for the U.S. at December 31, 2017 and 2016 , respectively, and $ 211 million and $ 199 million for the non-U.S at December 31, 2017 and 2016 , respectively. The following table presents the accumulated benefit obligations for U.S. and n on-U.S. pensi on benefit plans: At December 31, (in millions) 2017 2016 U.S. pension benefit plans $ 5,091 $ 4,948 Non-U.S. pension benefit plans $ 1,188 $ 1,215 Defined benefit plan obligations in which the projected benefit obligation was in excess of the related plan assets and the accumulated benefit obligation was in excess of the related plan assets were as follows: At December 31, PBO Exceeds Fair Value of Plan Assets ABO Exceeds Fair Value of Plan Assets U.S. Plans Non-U.S. Plans U.S. Plans Non-U.S. Plans (in millions) 2017 2016 2017 2016 2017 2016 2017 2016 Projected benefit obligation $ 5,091 $ 4,948 $ 1,054 $ 1,121 $ 5,091 $ 4,948 $ 991 $ 1,029 Accumulated benefit obligation 5,091 4,948 979 1,016 5,091 4,948 979 1,009 Fair value of plan assets 4,350 3,843 596 545 4,350 3,843 596 536 The following table presents the components of net periodic benefit cost with respect to pensions and other postretirement benefits: Years Ended December 31, Pension Postretirement U.S. Plans Non-U.S. Plans U.S. Plans Non-U.S. Plans (in millions) 2017 2016 2015 2017 2016 2015 2017 2016 2015 2017 2016 2015 Components of net periodic benefit cost: Service cost * $ 11 $ 19 $ 192 $ 29 $ 31 $ 43 $ 2 $ 2 $ 5 $ 3 $ 3 $ 3 Interest cost 166 181 220 16 21 25 6 7 8 3 3 3 Expected return on assets (266) (292) (295) (24) (26) (25) - - - - - - Amortization of prior service credit - - (22) - - (2) (1) (12) (11) (1) - (1) Amortization of net (gain) loss 26 25 92 12 7 9 (1) (1) - 1 1 - Net periodic benefit cost (credit) (63) (67) 187 33 33 50 6 (4) 2 6 7 5 Curtailment gain - - (179) (6) (6) (1) - (1) - (2) - - Settlement loss 60 149 - 1 2 1 - - - - - - Net benefit cost (credit) $ (3) $ 82 $ 8 $ 28 $ 29 $ 50 $ 6 $ (5) $ 2 $ 4 $ 7 $ 5 Total recognized in Accumulated other comprehensive income (loss) $ 32 $ (82) $ 143 $ 87 $ (101) $ 38 $ (2) $ (7) $ 12 $ 9 $ 1 $ (9) Total recognized in net periodic benefit cost and other comprehensive income (loss) $ 35 $ (164) $ 135 $ 59 $ (130) $ (12) $ (8) $ (2) $ 10 $ 5 $ (6) $ (14) * Reflects administrative fees for the U.S. pension plans. The estimated net loss and prior service cost that will be amortized from Accumulated other comprehensive income into net periodic benefit cost over the next fiscal year are $ 35 million and $ 2 million, respectively, for our combined defined benefit pension plans. For the defined benefit postretirement plans, the estimated amortization from Accumulated other comprehensive income for net loss and prior service credit that will be amortized into net periodic benefit cost over the next fiscal year is a $ 3 million credit in the aggregate. As of 2016, interest cost for pension and postretirement benefits for our U.S. plans and largest non-U.S. plans is measured by applying the specific spot rates along the yield curve to the plans’ corresponding discounted cash flows that comprise the obligation (the Spot Rate Approach). This method provides a more precise measur ement of interest cost by aligning the timing of the plans’ discounted cash flows to the corresponding spot rates on the yield curve . Previously, interest cost was measured utilizing a single weighted-average discount rate derived from the yield curve used to measure the benefit obligations. A 100 basis point increase in the discount rate or expected long-term rate of return would decrease the 2018 pension expense by approximately $ 4 million and $ 51 million, respectively, with all other items remaining the same. Conversely, a 100 basis point decrease in the discount rate or expected long-term rate of return would increase the 2018 pension expense by approximately $ 23 million and $ 51 million, respectively, with all other items remaining the same. Assumptions The following table summarizes the weighted average assumptions used to determine the benefit obligations: Pension Postretirement U.S. Plans Non-U.S. Plans (a) U.S. Plans Non-U.S. Plans (a) December 31, 2017 Discount rate 3.61 % 1.60 % 3.53 % 3.59 % Rate of compensation increase N/A (b) 2.27 % N/A 3.00 % December 31, 2016 Discount rate 4.14 % 1.50 % 4.02 % 3.95 % Rate of compensation increase N/A (b) 2.50 % N/A 3.38 % (a) The non-U.S. plans reflect those assumptions that were most appropriate for the local economic environments of each of the subsidiaries providing such benefits. (b) Compensation increases are no longer applicable due to the plan freeze that became effective January 1, 2016. The following table summarizes assumed health care cost trend rates f or the U.S. plans: At December 31, 2017 2016 Following year: Medical (before age 65) 6.12% 6.31% Medical (age 65 and older) 5.00% 5.00% Ultimate rate to which cost increase is assumed to decline 4.50% 4.50% Year in which the ultimate trend rate is reached: Medical (before age 65) 2038 2038 Medical (age 65 and older) 2038 2038 A one percent point change in the assumed healthcare cost trend rate would have the following effect on our postretirement benefit obligations: One Percent One Percent At December 31, Increase Decrease (in millions) 2017 2016 2017 2016 U.S. plans $ 4 $ 4 $ (4) $ (3) Non-U.S. plans $ 14 $ 19 $ (10) $ (14) Our postretirement plans provide benefits primarily in the form of defined employer contributions rather than defined employer benefits . Changes in the assumed healthcare cost trend rate have a minimal impact for U.S. plans because for post-1992 retirees, benefits are fixed dollar amounts based on service at retirement. Our non-U.S. postretirement plans are not subject to caps. The following table presents the weighted average assumptions used to determine the net periodic b enefit costs: Pension Postretirement U.S. Plans Non-U.S. Plans * U.S. Plans Non-U.S. Plans * For the Year Ended December 31, 2017 Discount rate 4.15 % 1.50 % 4.01 % 3.95 % Rate of compensation increase N/A 2.50 % N/A 3.38 % Expected return on assets 7.00 % 2.92 % N/A N/A For the Year Ended December 31, 2016 Discount rate 4.33 % 2.17 % 4.21 % 4.09 % Rate of compensation increase N/A 2.64 % N/A 3.43 % Expected return on assets 7.00 % 3.28 % N/A N/A For the Year Ended December 31, 2015 Discount rate 3.94 % 2.33 % 3.77 % 4.04 % Rate of compensation increase 3.40 % 2.89 % N/A 3.29 % Expected return on assets 7.25 % 3.33 % N/A N/A * The non-U.S. plans reflect those assumptions that were most appropriate for the local economic environments of the subsidiaries providing such benefits. Discount Rate Methodology The projected benefit cash flows under the U.S. AIG Retirement Plan were discounted using the spot rates derived from the Mercer U.S. Pension Discount Yield Curve at December 31, 2017 and 2016 , which resulted in a single discount rate that would produce the same liability at the respective measurement dates. The discount rates were 3.61 percent at December 31, 2017 and 4.15 percent at December 31, 2016 . The methodology was consistently applied for the respective years in determining the discount rates for the other U.S. pension plans. In general, the discount rates for the non-U.S. plans were developed using a similar methodology to the U.S. AIG Retirement plan, by using country-specific Mercer Yield Curves. The projected benefit obl igation for AIG’s Japan pension plans represents approximately 50 percent and 54 percent of the total projected benefit obligations for our non-U.S. pension plans at December 31, 2017 and 2016 , respectively. The weighted average discount rate of 0.66 percent and 0.47 percent at December 31, 2017 and 2016 , respective ly, was selected by reference to the Mercer Yield Curve for Japan . Plan Assets The investment strategy with respect to assets relating to our U.S. and non-U.S. pension plans is designed to achieve investment returns that will provide for the benefit obligations of the plans over the long term, limit the risk of short-term funding shortfalls and maintain liquidity sufficient to address cash needs. Accordingly, the asset allocation strategy is designed to maximize the investment rate of return while managing various risk factors, including , but not limited to, vola tility relative to the benefit obligations, liquidity, diversification and concentration, and incorporates the risk/return profile applicable to each asset class. There were no shares of AIG Common Stock included in the U.S. and non-U.S. pension plans as sets at December 31, 2017 or 2016 . U.S. Pension Plan The assets of the qualified plan are monitored by the AIG U.S. I nvestment C ommittee and actively managed by the inv estment managers, which involves allocating the plan’s assets a mong approved asset classes within ranges as permitted by the strategic allocation. The long-term strategic asset allocation historically has been reviewed and revised approximately every three years. Beginning in 2016, the investment strategy focus is on de-risking the Plan via regular monitoring. This was implemented through liability driven investing and the adoption of the glide path approach , where the glide path defines the target allocation for the “Return-Seeking” portion of the portfolio (i.e., gr owth assets) based on the funded ratio. Under this approach, the allocation to growth assets is reduced and the allocation to liability-hedging assets is increased as the Plan’s funded ratio increases in accordance with the defined glide p ath. The followin g table presents the asset allocation percentage by major asset class for the U.S. qualified plan and the target allocation for 2017 based on the plan’s funded status at December 31, 2017 : Target Actual Actual At December 31, 2018 2017 2016 Asset class: Equity securities 46 % 45 % 43 % Fixed maturity securities 44 % 36 % 36 % Other investments 10 % 19 % 21 % Total 100 % 100 % 100 % The expected long-term rate of return for the plan was 7.0 percent for both 2017 and 2016 . The expected rate of return is an aggregation of expected returns within each asset class category, weighted for the investment mix of the assets. The combination of the expected asset return and any contributions made by us are expected to maintain the plan’s ability to meet all required benefit obligations. The expected asset return for each asset class was developed based on an approach that considers key fundamental drivers of the asset class returns in addition to historical returns, current market c onditions, asset volatility and the expectations for future market returns. Non-U.S. Pension Plans The assets of the non-U.S. pension plans are held in various trusts in multiple countries and are invested primarily in equities and fixed maturity securiti es to maximize the long-term return on assets for a given level of risk. The following table presents the asset allocation percentage by major asset class for non-U.S. pension plans and the target allocation: Target Actual Actual At December 31, 2018 2017 2016 Asset class: Equity securities 30 % 49 % 44 % Fixed maturity securities 52 % 32 % 36 % Other investments 17 % 13 % 14 % Cash and cash equivalents 1 % 6 % 6 % Total 100 % 100 % 100 % The assets of AIG’s Japan pension plans represent approximately 56 percent of total non-U.S. assets at December 31 for both 2017 and 2016 . The expected long term rate of return was 2.43 percent and 2.61 percent, for 2017 and 2016 , respectively, and is evaluated by the Japanese Pension Investment Committee on a quarterly and annual basis along with various investment ma nagers, and is revised to achieve the optimal allocation to meet targeted funding levels if necessary. In addition, the funding policy is revised in accordance with local regulation every five years. The expected weighted average long-term rate of return f or all our non-U.S. pension plans was 2.92 percent and 3.28 percent for the years ended December 31, 2017 and 2016 , respectively. It is an aggregation of expected returns wi thin each asset class that was generally developed based on the building block approach that considers historical returns, current market conditions, asset volatility and the expectatio ns for future market returns. Assets Measured at Fair Value The follo wing table presents information about our plan assets and indicates the level of the fair value measurement based on the observability of the inputs used. The inputs and methodology used in determining the fair value of these assets are consistent with th ose used to measure our assets as discussed in Note 5 herein. U.S. Plans Non-U.S. Plans (in millions) Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total At December 31, 2017 Assets: Cash and cash equivalents $ 397 $ - $ - $ 397 $ 51 $ - $ - $ 51 Equity securities: U.S. (a) 1,300 - - 1,300 - - - - International (b) 265 - - 265 362 64 - 426 Fixed maturity securities: U.S. investment grade (c) - 1,006 12 1,018 - - - - International investment grade (c) - 204 - 204 - 97 - 97 U.S. and international high yield (d) - 212 - 212 - 171 - 171 Mortgage and other asset-backed securities (e) - 142 - 142 - - - - Other fixed maturity securities - - - - - 16 - 16 Other investment types (g) : Direct private equity (f) - - 15 15 - - - - Insurance contracts - 20 - 20 - - 113 113 Total $ 1,962 $ 1,584 $ 27 $ 3,573 $ 413 $ 348 $ 113 $ 874 At December 31, 2016 Assets: Cash and cash equivalents $ 228 $ - $ - $ 228 $ 50 $ - $ - $ 50 Equity securities: U.S. (a) 838 1 - 839 - - - - International (b) 377 - - 377 298 58 - 356 Fixed maturity securities: U.S. investment grade (c) - 1,174 2 1,176 - - - - International investment grade (c) - - - - - 90 - 90 U.S. and international high yield (d) - 218 - 218 - 186 - 186 Mortgage and other asset-backed securities (e) - - - - - - - - Other fixed maturity securities - - - - - 13 - 13 Other investment types (g) : Direct private equity (f) - - 24 24 - - - - Insurance contracts - 21 - 21 - - 108 108 Total $ 1,443 $ 1,414 $ 26 $ 2,883 $ 348 $ 347 $ 108 $ 803 (a) Includes passive and active U.S. Large Cap and Small Cap strategies, as well as mutual funds, and exchange traded funds. (b) Includes investments in companies in emerging and developed markets. (c) Represents investments in U.S. and non-U.S. government issued bonds, U.S. government agency or sponsored agency bonds, and investment grade corporate bonds. (d) Consists primarily of investments in securities or debt obligations that have a rating below investment grade. (e) Comprised primarily of i nvestments in U.S. asset backed securities and collateralized loan obligations . (f) Comprised of private capital financing including private debt and private equity securities. (g) Excludes investments that are measured at fair value using the NAV per shar e (or its equivalent), which totaled $ 777 million and $ 960 million at December 31, 2017 and 2016 , respectively. The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in these securities. Based on our investment strategy, we had no significant concentrations of risks at December 31, 2017 . The U.S. pension plan holds a group annuity contract with U.S. Life, one of our subsidiaries, which totaled $ 20 million and $ 21 million at December 31, 2017 and 2016 , respectively. Changes in Level 3 Fair Value M easurements The followi ng table presents changes in our U.S. and non-U.S. Level 3 plan assets measured at fair value: Changes in Net Unrealized Gains Balance Realized and Balance (Losses) on At December 31, 2017 Beginning Unrealized Transfers Transfers at End Instruments Held (in millions) of year Gains (Losses) Purchases Sales Issuances Settlements In Out of year at End of year U.S. Plan Assets: Fixed maturity securities U.S. investment grade $ 2 $ - $ 17 $ (7) $ - $ - $ - $ - $ 12 $ 2 Direct private equity 24 (3) 1 (7) - - - - 15 (1) Total $ 26 $ (3) $ 18 $ (14) $ - $ - $ - $ - $ 27 $ 1 Non-U.S. Plan Assets: Other fixed maturity securities $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Insurance contracts 108 4 1 - - - - - 113 - Total $ 108 $ 4 $ 1 $ - $ - $ - $ - $ - $ 113 $ - Changes in Net Unrealized Gains Balance Realized and Balance (Losses) on At December 31, 2016 Beginning Unrealized Transfers Transfers at End Instruments Held (in millions) of year Gains (Losses) Purchases Sales Issuances Settlements In Out of year at End of year U.S. Plan Assets: Fixed maturity securities U.S. investment grade $ 9 $ 1 $ 2 $ (10) $ - $ - $ - $ - $ 2 $ - Direct private equity 28 (4) 4 (4) - - - - 24 (4) Total $ 37 $ (3) $ 6 $ (14) $ - $ - $ - $ - $ 26 $ (4) Non-U.S. Plan Assets: Other fixed maturity securities $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Insurance contracts 95 12 1 - - - 2 (2) 108 - Total $ 95 $ 12 $ 1 $ - $ - $ - $ 2 $ (2) $ 108 $ - Transfers of Level 1 and Level 2 Assets Our policy is to record transfers of assets between Level 1 and Level 2 at their fair values as of the end of each reporting period, consistent with the date of the determination of fair value. Assets are transferred out of Level 1 when they are no longer transacted with sufficient frequency and volume in an active market. Conversely, assets are transferred from Level 2 to Level 1 when transaction volume and frequency are indicative of an active market. We had no material transfers between Level 1 and Level 2 during the years ended December 31, 2017 and 2016 . Transfers of Level 3 Assets We record transfers of assets into or out of Level 3 at their fair values as of the end of each reporting period, consistent with the date of the det ermination of fair value. During the year ended December 31, 2017 , we had no transfers in or out of Level 3. Expected Cash Flows Funding for the qualified plan ranges from the minimum amount required by ERISA to the maximum amount that would be deductible for U.S. tax purposes. Contributed amounts in excess of the minimum amounts are deemed voluntary. Amounts in excess of the maximum amount would be subject to an excise tax and may not be deductible under the Internal Revenue Code. There are no minimum required cash contributions in 201 8 for the AIG Retirement Plan. The non-qualified and postretirement plan s’ benefit payments are deductible when paid to participants. Our ann ual pension contribution in 2018 is expected to be approxim ately $ 64 million for our U.S. and non-U.S. pension plans. This estimate is subject to change, since contribution decisions are affected by various factors including our liquidity, market performance and management’s discretion. The expecte d future benefit payments, net of participants’ contributions, with respect to the defined benefit pension plans and other postretirement benefit plans, are as follows: Pension Postretirement U.S. Non-U.S. U.S. Non-U.S. (in millions) Plans Plans Plans Plans 2018 $ 291 $ 36 $ 13 $ 1 2019 287 40 13 1 2020 297 42 13 1 2021 294 43 13 2 2022 291 41 13 2 2023-2027 1,407 235 60 11 Defined Contribution Plans We sponsor several defined contribution plans for U.S. employees that provide for pre-tax salary reduction contributions by employees. The most significant plan is the AIG Incentive Savings Plan, for which the matching contribution is 100 percent of the first six percent of a participant’s contributions, subject to the IRS - imposed limitations . Effective January 1, 2016, participants in the AIG Incentive Savings Plan receive an additional fully vested, non-elective, non-d iscretionary contribution equal to three percent of the participant’s annual base compensation for the plan year, paid each pay period regardless of whether the participant currently contributes to the plan, and subject to the IRS-imposed limitations. Our pre-tax expenses associated with these plans were $ 209 million, $ 236 million and $ 166 million in 2017 , 2016 and 2015 , respectively .

OWNERSHIP

OWNERSHIP	12 Months Ended
	Dec. 31, 2017
OWNERSHIP
OWNERSHIP	22 . Ownership A Schedule 13G /A filed on February 14, 2018 reports aggregate ownership of 57,556,990 shares, or approximately 6.4 percent (based on the AIG Common Stock outstanding) of AIG Comm on Stock as of December 31, 2017 , by Capital Research Global Investors, a division of Capital Resea rch and Management Company. A Schedule 13G/A filed on February 12, 2018 reports aggregate ownership of 61,323,039 shares, or approximately 6.8 percent (based on the AIG Common Stock outstanding) o f AIG Common Stock as of December 31, 2017 , by The Vanguard Group, Inc. and various subsidiaries thereof. A Schedule 13G/A filed on February 8, 2018 reports aggregate ownership of 64,406,363 shares, or approximately 7.2 percent (based on the AIG Common Stock outstanding) of AIG Common Stock as of December 31, 2017 , by Blackrock, Inc . and various subsidiaries there of. The calculation of ownership interest for purposes of the AIG Tax Asset Protection Plan and Article 13 of our Restated Certificate of Inc orporation is different than beneficial ownership for Schedule 13G.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2017
INCOME TAXES
INCOME TAXES	23 . Income Taxes U.S. Tax Reform Overview On December 22, 2017, the U.S. enacted Public Law 115-97, known informally as the Tax Cuts and Jobs Act (the Tax Act ). The Tax Act reduces the statutory rate of U.S. federal corporate income tax to 21 percent and enacts numerous other changes impacting AIG and the insurance industry. Changes specific to the insurance industry include the calculation of insurance tax reserves and related transition adjustments, amortization of specified policy acquisi tion expenses, treatment of separate account dividends received deductions, and computation of pro-ration adjustment s . Provisions of the Tax Act with broader application include reductions or elimination of deductions for certain items, e.g. , reductions t o corporate dividends received deductions, disallowance of entertainment expenses, and limitations on the deduction of certain executive compensation costs. These provisions, generally, will result in an increase in AIG’s taxable income in the years begin ning after December 31, 2017. The SEC staff issued Staff Accounting Bulletin 118 ( SAB 118), which provides guidance on accounting for the tax effects of the Tax Act. SAB 118 addresses situations where accounting for certain income tax effects of the Ta x Act under ASC 740 may be incomplete upon issuance of an entity’s financial statements and provides a one-year measurement period from the enactment date to complete the accounting under ASC 740. In accordance with SAB 118, a company must reflect the foll owing: Income tax effects of those aspects of the Tax Act for which accounting under ASC 740 is complete Provisional estimate of income tax effects of the Tax Act to the extent accounting is incomplete but a reasonable estimate is determinable If a prov isional estimate cannot be determined, ASC 740 should still be applied on the basis of tax law provisions that were in effect immediately before the enactment of the Tax Act. Consistent with current income tax accounting requirements, we have remeasured ou r deferred tax assets and liabilities with reference to the statutory income tax rate of 21 percent and taking into consideration other provisions of the Tax Act. As of December 31, 2017, we had not fully completed our accounting for the tax effects of th e Tax Act. Our provision for income taxes for the period ended December 31, 2017, is based in part on a reasonable estimate of the effects on existing deferred tax balances and of certain provisions of the Tax Act. To the extent a reasonable estimate of the impact of certain provisions was determinable, we recorded provisional estimates as a component of our provision for income taxes on continuing operations. To the extent a reasonable estimate of the impact of certain provisions was not determinable, we have not recorded any adjustments and have continued accounting for them in accordance with ASC 740 on the basis of the tax laws in effect before enactment of the Tax Act. The Tax Act includes provisions for Globa l Intangible Low-Taxed Income ( GILTI) u nder which taxes on foreign income are imposed on the excess of a deemed return on tangible assets of certain foreign subsidiaries and for Base Erosion and Anti-Abuse Tax (BEAT) under which taxes are imposed on certain base eroding payment to affiliated fo reign companies. Consistent with accounting guidance, we will treat BEAT as an in period tax charge when incurred in future periods for which no deferred taxes need to be provided and have made an accounting policy election to treat GILTI taxes in a simil ar manner. Accordingly, no provision for income taxes related to GILTI or BEAT was recorded as of December 31, 2017. For the period ended December 31, 2017, we recognized a provisional estimate of income tax effects of the Tax Act of $ 6.7 billion, including a tax charge of $ 6.7 billion attributable to the reduction in the U.S. corporate income tax rate and tax benefit of $ 38 million related to the deemed repatriation tax. Tax effects for which a reasonable estimate can be determined Deemed Repatriation Tax The Tax Act requires companies to pay a one-time transition tax, net of tax credits related to applicable fo reign taxes paid, on previously untaxed current and accumulated earnings and profits (E&P) of certain of our foreign subsidiaries. In the determination of the deemed repatriation tax, we reviewed estimated post-1986 E&P of certain material relevant foreig n subsidiaries, and any related non-U.S. income tax paid on such earnings. Based on this analysis, we were able to determine a reasonable estimate and we have recorded a provisional estimate tax benefit of $ 38 million. While the IRS has issued some guidance on the calculation of the deemed repatriation tax, there are still certain aspects of the calculation that require further clarification. We are continuing to gather additional information to more precis ely compute the amount of deemed repatriation tax. Other Provisions The Tax Act modified computations of insurance reserves for both life and general insurance companies. For life insurance companies, tax reserves are now computed with reference to NAIC reserves. For general insurance companies, the Tax Act extends the discount period for certain long-tail lines of business from 10 years to 24 years and increases the discount rate, replacing the applicabl e federal rate for a higher-yield corporate bond rate, and eliminates the election allowing companies to use their historical loss payment patterns for loss reserve discounting. Adjustments related to the differences in insurance reserves balances compute d under the old tax law versus the Tax Act have to be taken into income over eight years by both life and general insurance companies. Accordingly, at December 31, 2017, these changes give rise to new deferred tax liabilities. We have recorded a provisio nal estimate of $ 1.9 billion with respect to such deferred tax liabilities. This increase in deferred tax liabilities is offset by an increase in the deferred tax asset related to insurance reserves a s a result of applying the new provisions of the Tax Act. Provisions Impacting Projections of Taxable Income and Valuation Allowance Considerations Certain provisions of the Tax Act impact our projections of future taxable income used in analyzing realiza bility of our U.S. tax attribute deferred tax asset. As discussed above, there are specific insurance industry provisions, including changes in computations of insurance reserves, amortization of specified policy acquisition expenses, and treatment of sep arate account dividends received deduction. Provisional estimates have been included in our future taxable income projections for these insurance industry specific provisions to reflect application of the new tax law. Because we have made provisional esti mates related to the impact of certain aspects of the Tax Act on our future taxable income, corresponding determination of the need for a valuation allowance is also provisional. Generally, the Tax Act provisions result in an increase in our taxable incom e and, thus, accelerate utilization of our tax attribute deferred tax asset. Accordingly, we do not currently anticipate that our reliance on provisional estimates would have a material impact on our determination of the realizability of our deferred tax assets. Tax effects for which no estimate can be determined Our accounting for the following elements of the Tax Act is incomplete and we continued accounting for them in accordance with ASC 740 on the basis of the tax laws in effect before enactment of t he Tax Act. The Tax Act may affect the results in certain investments and partnerships in which we are a non-controlling interest owner. The information needed to determine a provisional estimate is not currently available (such as for interest deduction limitations in those entities and the changed definition of a U.S. Shareholder). Accordingly, no provisional estimates were recorded. Due to minimal formal guidance issued from state and local jurisdictions, provisional estimates have not been recorded f or the impact of any state and local corporate income tax implications of the Tax Act. Guidance from state and local jurisdictions is expected during 2018 and the impact, if any, will be recorded at the appropriate time. EFFECTIVE TAX RATE The following table presents income (loss) from continuing operations before income tax expense (benefit) by U.S. and foreign location in which such pre-tax income (loss) was earned or incurred Years Ended December 31, (in millions) 2017 2016 2015 U.S. $ 1,940 $ 1,041 $ 1,950 Foreign (474) (1,115) 1,331 Total $ 1,466 $ (74) $ 3,281 The following table presents the income tax expense (benefit) attributable to pre-tax income (loss) from continuing operations: Years Ended December 31, (in millions) 2017 2016 2015 Foreign and U.S. components of actual income tax expense: Foreign: Current $ 209 $ 436 $ 391 Deferred 25 (121) (95) U.S.: Current 427 140 429 Deferred 6,865 (270) 334 Total $ 7,526 $ 185 $ 1,059 Our a ctual income tax (benefit) expense differs from the statutory U.S. federal amount computed by applying the federal income tax rate due to the following: 2017 2016 2015 Pre-Tax Tax Percent of Pre-Tax Tax Percent of Tax Percent of Years Ended December 31, Income Expense/ Pre-Tax Income Expense/ Pre-Tax Pre-Tax Expense/ Pre-Tax (dollars in millions) (Loss) (Benefit) Income (Loss) (Loss) (Benefit) Income (Loss) Income (Benefit) Income U.S. federal income tax at statutory rate $ 1,476 $ 517 35.0 % $ (159) $ (56) 35.0 % $ 3,281 $ 1,148 35.0 % Adjustments: Tax exempt interest (111) (7.5) (178) 111.9 (195) (5.9) Uncertain tax positions 660 44.7 268 (168.6) 195 5.9 Reclassifications from accumulated other comprehensive income (184) (12.5) (132) 83.0 (127) (3.9) Dispositions of Subsidiaries 17 1.2 118 (74.2) - - Tax Attribute Restoration - - (164) 103.1 - - Non-controlling Interest (7) (0.5) (81) 50.9 - - Non-deductible transfer pricing charges 35 2.4 102 (64.2) 97 3.0 Dividends received deduction (90) (6.1) (75) 47.2 (72) (2.2) Effect of foreign operations 69 4.7 234 (147.2) (58) (1.8) Share-based compensation payments excess tax deduction (40) (2.7) - - - - State income taxes (9) (0.6) 23 (14.5) 34 1.0 Impact of Tax Act 6,687 453.0 - - - - Other (58) (3.9) 13 (8.2) (73) (2.2) Effect of discontinued operations 3 0.2 35 (22.0) - - Valuation allowance: Continuing operations 43 2.9 83 (52.2) 110 3.4 Consolidated total amounts 1,476 7,532 510.3 (159) 190 (119.5) 3,281 1,059 32.3 Amounts attributable to discontinued operations 10 6 60.0 (85) 5 (5.9) - - - Amounts attributable to continuing operations $ 1,466 $ 7,526 513.4 % $ (74) $ 185 (250.0) % $ 3,281 $ 1,059 32.3 % For the year ended December 31, 2017 , the effective tax rate on income from continuing operations was not meaningful. The effective tax rate differs from the 2017 statutory tax rate of 35 percent primarily due to tax charges of $ 6.7 b illion associated with the enactment of the Tax Act discussed above , $ 660 million of tax charges and related interest associated with increases in uncertain tax positions primarily related to cross border financing transaction s and other open tax issues, $ 69 million associated with the effect of foreign operations, and $ 35 million of non-deductible transfer pricing charges , partially offset by tax benefits of $ 201 million of tax exempt income, $ 184 million of reclassifications from accumulated other comprehensive income to income from continuing operations related to the disposal of available for sale securities , and $ 40 million of excess tax deductions related to share based compensation payments recorded through the income s tatement in accordance with relevant accounting literature. Effect of foreign operations is primarily related to losses incurred in our European operations taxed at a statutory tax rate lower than 35 percent and other foreign taxes. For the year ended December 31, 2016, the effective tax rate on loss from continuing operations was not meaningful. The effective tax rate on loss from continuing operations differs from the statutory tax rate of 35 percent primarily due to tax charges of $234 million associated with effect of foreign operations, $216 million of tax charges and related interest associated with increases in uncertain tax positions related to cross border financing transactions, $118 million related to disposition of subsidiaries, $102 million related to non-deductible transfer pricing charges, and $83 million related to increases in the deferred tax asset valuation allowances associated with U.S. federal and certain foreign jurisdictions, partially offset by tax benefits of $253 million of tax exempt income, $164 million associated with a portion of the U.S. Life Insurance c ompanies capital loss carryforwards previously treated as expired that was restored and utilized, $116 million related to the impact of an agreement reached with the Internal Revenue Service (IRS) related to certain tax issues under audit, and $132 million of reclassifications from accumulated other comprehensive income to income from continuing operations related to the disposal of available for sale securities. Effect of foreign operations is primarily related 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. For the year ended December 31, 2015, the effective tax rate on income from continuing operations was 32.3 percent. The effective tax rate on income from continuing operations differs from the statutory tax rate of 35 percent primarily due to tax benefits of $195 million associated with tax exempt interest income, $127 million related to reclassifications from accumulated other comprehensive income to income from continuing operations related to the disposal of available for sale securities, $58 million associated with the effect of foreign operations, and $109 million related to the partial completion of the IRS examination covering tax year 2006, partially offset by $324 million of tax charges and related interest associated with increases in uncertain tax positions related to cross border financing transactions, and $110 million related to increases in the deferred tax asset valuation allowances associated with certain foreign jurisdictions. As a result of the Tax Act, the majority of accumulated foreign earnings that were previously un taxed will become subject to a one-time deemed repatriation tax. Going forward, certain foreign earnings of our foreign affiliates will be exempt from U . S . tax upon repatriation. Notwithstanding the changes, U . S . tax on foreign exchange gain or loss and certain non-U . S . withholding taxes will continue to be applicable upon future repatriations of foreign earnings. For the year ended December 31, 2017, our repatriation assumptions with respect to certain operations in Canada, South Africa, as well as European and Asia Pacific regions remain unchanged and related foreign earnings remain indefinitely reinvested. Due to a change in the legal entity ownership through a contribution of certain affiliates to AIG International Holdings GmbH, our repatriation assumptions related to certain operations in the Far East, Latin America, Bermuda and Middle East region have changed and related foreign earnings are now considered to be indefinitely reinvested. These earnings relate to ongoing operations and have been reinvested in active business operations. Deferred taxes have been provided on earnings of non-U.S. affiliates whose earnings are not indefinitely reinvested. The following table presents the components of the net deferred tax asset s (liabilities) : December 31, (in millions) 2017 2016 Deferred tax assets: Losses and tax credit carryforwards $ 11,931 $ 16,448 Basis differences on investments 2,133 4,985 Life policy reserves 1,996 3,040 Accruals not currently deductible, and other 532 1,128 Investments in foreign subsidiaries 159 103 Loss reserve discount 526 1,151 Loan loss and other reserves 34 39 Unearned premium reserve reduction 566 924 Fixed assets and intangible assets 442 478 Other 731 710 Employee benefits 601 1,171 Total deferred tax assets 19,651 30,177 Deferred tax liabilities: Deferred policy acquisition costs (2,313) (3,790) Unrealized gains related to available for sale debt securities (2,151) (2,844) Total deferred tax liabilities (4,464) (6,634) Net deferred tax assets before valuation allowance 15,187 23,543 Valuation allowance (1,374) (2,831) Net deferred tax assets (liabilities) $ 13,813 $ 20,712 The following table presents our U.S. consolidated income tax group tax losses and credits carryforwards as of December 31, 2017 . December 31, 2017 Tax Expiration (in millions) Gross Effected Periods Net operating loss carryforwards $ 35,592 $ 7,474 2028-2037 Capital loss carryforwards 305 64 2022 Foreign tax credit carryforwards 4,481 2018-2022 Other carryforwards 1,154 Various Total AIG U.S. consolidated income tax group tax losses and credits carryforwards on a tax return basis 13,173 Unrecognized tax benefit (2,543) Total AIG U.S. consolidated income tax group tax losses and credits carryforwards on a U.S. GAAP basis * $ 10,630 * Includes other carryforwards, e.g. general business credits, of $ 118 million on a U.S. GAAP basis. We have U.S. federal consolidated net operating loss and tax credit carryforwards of approximately $ 10.6 billion. The carryforward periods for our foreign tax credits begin to expire in 201 9. As detailed in the Assessment of Deferred Tax Asset Valuation Allowance section of this footnote, we determined th at it is more likely than not that our U.S. federal consolidated tax attribute carryforwards will be realized prior to their expiration . Assessment of Deferred Tax Asset Valuation Allowance The evaluation of the recoverability of our deferred tax asset and the need for a valuation allowance requires us to weigh all positive and negative evidence to reach a conclusion that it is more likely than not that all or some portion of the deferred tax asset will not be realized. The weight given to the evidence is commensurate with the extent to which it can be objectively verified. The more negative evidence that exists, the more positive evidence is necessary and the more difficult it is to support a conclusion that a valuation allowance is not needed. Our framework for assessing the recoverability of the deferred tax asset requires us to consider all available evidence, including: the nature, freq uency, and amount of cumulative financial reporting income and losses in recent years; the sustainability of recent operating profitability of our subsidiaries; the predictability of future operating profitability of the character necessary to realize the net deferred tax asset; the carryforward period for the net operating loss, capital loss and foreign tax credit carryforwards, including the effect of reversing taxable temporary differences; and prudent and feasible actions and tax planning strategies tha t would be implemented, if necessary, to protect against the loss of the deferred 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 operat ing loss, capital loss and foreign tax credit carryforwards in each applicable 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 carr yforward period for the foreign tax credit is shorter than for the net operating 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 offs et 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 net operating loss and foreign tax credit carryforwards concurrently which enables us to realize our tax attributes prior to expiration. As of December 31, 2017 , based on all available evidence, it is more likely than not that the U.S. net operating 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, inclu ding income generated from prudent and feasible actions and tax planning 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 condition or results of operations for an individual reporting period. For the year ended December 31, 2017 , recent changes in market conditions, including interest rate fluct uations, impacted the 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 evidence, 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 associate d with the unrealized 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 December 31, 2017 , we continue to be in an overall unrealized ta x gain position with 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 year en ded December 31, 2017 , recent changes in market conditions, including interest rate fluctuations, impacted the unrealized tax gains and losses in the U.S. n on- l ife c ompanies’ available for sale securities portfolio, resulting in a deferred tax l iability 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 ended June 30, 2017 , we re leased $ 260 million of valuation allowance associated with the unrealized tax losses in the U.S. n on- l ife c ompanies’ available for sale securities portfolio, all of which was allocated to other comprehensive inc ome. As of December 31, 2017 , we continue to be in an overall unrealized tax gain position with respect to the U.S. n on- l ife c ompanies’ available for sale securities portfolio and thus concluded no valuation allowance is necessary in the U. S. n on- l ife c ompanies’ available for sale securities portfolio. During the year ended December 31, 2017 , we recognized a net increase o f $ 43 million in our deferred tax asset valuation allow ance associated with certain foreign jurisdictions, primarily attributable to current year activity . During the year ended December 31, 2017 , we recognized a $ 26 million decrease in our def erred tax asset valuation allowance associated with certain state jurisdictions, primarily as a result of the beneficial impact of tax law changes enacted in the third quarter of 2017 . We also recognized a $ 634 million decrease in our deferred tax asset valuation allowance associated with certain state jurisdictions, primarily attributable to a corresponding reduction in state and local deferred tax assets. The following table presents the net deferr ed tax assets (liabilities) at December 31, 2017 and 2016 on a U.S. GAAP basis: December 31, (in millions) 2017 2016 Net U.S. consolidated return group deferred tax assets $ 15,603 $ 24,134 Net deferred tax assets (liabilities) in accumulated other comprehensive income (2,070) (2,384) Valuation allowance (86) (874) Subtotal 13,447 20,876 Net foreign, state and local deferred tax assets 1,874 2,413 Valuation allowance (1,288) (1,957) Subtotal 586 456 Subtotal - Net U.S., foreign, state and local deferred tax assets 14,033 21,332 Net foreign, state and local deferred tax liabilities (220) (620) Total AIG net deferred tax assets (liabilities) $ 13,813 $ 20,712 Deferred Tax Asset Valuation Allowance of U.S. Consolidated FEDERAL Income Tax Group At December 31, 2017 and 2016 , our U.S. consolidated income tax group had net deferred tax assets after valuation allowance of $ 13.4 billion and $ 20.9 billion, respectively. At December 31, 2017 and 2016 , our U.S. consolidated income tax group had valuation allowances of $ 86 million an d $ 874 million, respectively. Deferred Tax ASSET — Foreign, State and Local At December 31, 2017 and 2016 , we had net deferred tax assets (liabilities) of $ 366 million and $ (164) million, respectively, related to foreign subsidiaries, state and local tax jurisdictions, and certain domestic subsidiaries that file separate tax returns. At December 31, 2017 and 2016 , we had deferred tax asset valuati on allowances of $ 1.3 billion and $ 2.0 billion, respectively, related to foreign subsidiaries, state and local tax jurisdictions, and certain domestic subsidiaries that file separate tax returns. We maint ained these valuation allowances following our conclusion that we could not demonstrate that it was more likely than not that the related deferred tax assets will be realized. This was primarily due to factors such as cumulative losses in recent years and the inability to demonstrate profits within the specific jurisdictions over the relevant carryforward periods. Tax Examinations and Litigation We file a consolidated U.S. federal income tax return with our eligible U.S. subsidiaries. Income earned by sub sidiaries operating outside the U.S. is taxed, and income tax expense is recorded, based on applicable U.S. and foreign law. The statute of limitations for all tax years prior to 2000 has expired for our consolidated federal income tax return. We are curre ntly under examination for the tax years 2000 through 2010 . On March 20, 2008, we received a Statutory Notice of Deficiency (Notice) from the IRS for years 1997 to 1999. The Notice asserted that we owe additional taxes and penalties for these years primari ly due to the disallowance of foreign tax credits associated with cross-border financing transactions. The transactions that are the subject of the Notice extend beyond the period cove red by the Notice, and the IRS ha s administratively chall enged the later periods. The IRS has also administratively challenged other cross-border transactions in later years . We have paid the assessed tax plus interest and penalties for 1997 to 1999. On February 26, 2009, we filed a complaint in the United States District Cour t for the Southern District of New York (Southern District) seeking a refund of approximately $ 306 million in taxes, interest and pen alties paid with respect to the 1997 taxable year. We allege that the IRS improperly disallowed foreign tax credits and that our taxable income should be reduced as a result of the 2005 restatement of our consolidated financial statements. We also filed an administrative refund claim on September 9, 2010 for our 1998 and 1999 tax years. On August 1, 2012, we f iled 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 Appeals 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 ca se has been remanded back to the Southern District of New York for a jury trial. In January 2018, the parties reached non-binding agreements in principle on issues presented in the dispute and are currently reviewing the computations reflecting the settlem ent terms. The resolution is not final and is subject to various reviews. The litigation has been stayed pending the outcome of the review process. We can provide no assurance regarding the outcome of any such litigation or whether binding compromised sett lements with the parties will ultimately be reached. We currently believe that we have adequate reserves for the potential liabilities that may result from these matters. Accounting For Uncertainty in Income Taxes The following table presents a reconcilia tion of the beginning and ending balances of the total amounts of gross unrecognized tax benefits: Years Ended December 31, (in millions) 2017 2016 2015 Gross unrecognized tax benefits, beginning of year $ 4,530 $ 4,331 $ 4,395 Increases in tax positions for prior years 210 235 162 Decreases in tax positions for prior years (33) (39) (209) Increases in tax positions for current year - 3 - Lapse in statute of limitations - - (4) Settlements - - (13) Activity of discontinued operations - - - Gross unrecognized tax benefits, end of year $ 4,707 $ 4,530 $ 4,331 At December 31, 2017 , 2016 and 2015 , our unrecognized tax benefits, excluding interest and penalties, were $ 4.7 billion, $ 4.5 billion and $ 4.3 billion, respectively. The activity for the year includes increases for amounts associated with cross border financing transactions and the impact of settlement discussions with the IRS relat ed to certain other open tax issues unrelated to the cross border financing transactions. With respect to cross border financing transactions, the increase is the result of consideration of recent court decisions upholding the disallowance of foreign tax c redits claimed by other corporate entities not affiliated with AIG in addition to the agreement reached in the fourth quarter of 2017 by the parties in the cross border financing dispute to pursue a potential settlement . At December 31, 2017 , 2016 and 2015 , 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 wer e $ 28 m illion, $ 66 m illion and $ 115 m illion, respectively. Accordingly, at December 31, 2017 , 2016 and 2015 , the amounts of unrecognized tax benefits that, if recognized, would favorably affect the effective tax rate were $ 4.7 billion, $ 4.4 billion and $ 4.2 billion, respectively. Interest and penalties related to unrecognized tax benefits are recog nized in income tax expense. At December 31, 2017 , 2016 , and 2015 , we had accrued liabilities of $ 2.0 billion, $ 1.2 billion, and $ 1.2 billion , respectively, fo r the payment of interest (net of the federal benefit) and penalties. For the years ended December 31, 2017 , 2016 , and 2015 , we accrued expense of $ 776 million, $ 26 million and $ 156 million, respectively, for the payment of interest and penalties. The current year activity is primarily related to a decrease in the expected federal benefit of interest due to the U.S. corporate tax rate reduction and to an increase in interest and penalties associated with cross border financing transactions. We believe it is reasonably possible that our unrecognized tax benefits could decrease with in the n ext 12 months by as much as $ 3.9 billion, principally as a result of potential resolutions or settlements of prior years’ tax items. The prior years’ tax items include unrecognized tax benefits related to the deductibility of certain expenses and matters related to cross border financing transactions. Listed below are the tax years that remain su bject to examination by major tax jurisdictions: At December 31, 2017 Open Tax Years Major Tax Jurisdiction United States 2000-2016 Australia 2013-2016 France 2015-2016 Japan 2011-2016 Korea 2012-2016 Singapore 2012-2016 United Kingdom 2015-2016

QUARTERLY FINANCIAL INFORMATION

QUARTERLY FINANCIAL INFORMATION (UNAUDITED)	12 Months Ended
	Dec. 31, 2017
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)	24 . Quarterly Financial Information (Unaudited) Consolidated Statements of Income (Loss) Three Months Ended March 31, June 30, September 30, December 31, (dollars in millions, except per share data) 2017 2016 2017 2016 2017 2016 2017 2016 Total revenues $ 12,632 $ 11,779 $ 12,502 $ 14,724 $ 11,751 $ 12,854 $ 12,635 $ 13,010 Income (loss) from continuing operations before income taxes * 1,727 (214) 1,667 2,858 (2,803) 737 875 (3,455) Income (loss) from discontinued operations, net of income taxes - (47) 8 (10) (1) 3 (3) (36) Net income (loss) 1,211 (203) 1,118 1,924 (1,713) 436 (6,672) (2,506) Net income (loss) from continuing operations attributable to noncontrolling interests 26 (20) (12) 11 26 (26) (12) 535 Net income (loss) attributable to AIG * $ 1,185 $ (183) $ 1,130 $ 1,913 $ (1,739) $ 462 $ (6,660) $ (3,041) Income (loss) per common share attributable to AIG: Basic: Income (loss) from continuing operations $ 1.21 $ (0.12) $ 1.21 $ 1.73 $ (1.91) $ 0.43 $ (7.33) $ (2.93) Income (loss) from discontinued operations $ - $ (0.04) $ 0.01 $ (0.01) $ - $ - $ - $ (0.03) Diluted: Income (loss) from continuing operations $ 1.18 $ (0.12) $ 1.18 $ 1.69 $ (1.91) $ 0.42 $ (7.33) $ (2.93) Income (loss) from discontinued operations $ - $ (0.04) $ 0.01 $ (0.01) $ - $ - $ - $ (0.03) Weighted average shares outstanding: Basic 980,777,243 1,156,548,459 925,751,084 1,113,587,927 908,667,044 1,071,295,892 908,115,499 1,023,886,592 Diluted 1,005,315,030 1,156,548,459 948,248,771 1,140,045,973 908,667,044 1,102,400,770 908,115,499 1,023,886,592 Noteworthy quarterly items - (income) expense: Other-than-temporary impairments 68 204 67 108 88 102 37 145 Net (gain) loss on sale of divested businesses 100 2 60 (225) 13 (128) (241) (194) Federal and foreign valuation allowance for deferred tax assets (13) (37) (8) 35 24 (2) 40 87 Net (gain) loss on extinguishment of debt (1) 83 (4) 7 1 (14) (1) (2) Prior year unfavorable (favorable) development 61 (66) 391 7 901 273 212 5,574 Restructuring and other costs 181 188 47 90 31 210 154 206 Impact of Tax Act - - - - - - 6,687 - * For the three months ended December 31, 2016, we recorded out of period adjustments related to prior periods that increased Net loss attributable to AIG by $154 million, increased AIG’s Loss from continuing operations before income taxes by $12 million and decreased adjusted pre-tax income by $1 million. The out of period adjustments are primarily related to income tax liabilities and ceded loss adjustment expenses. Had these adjustments, which were determined not to be material, been recorded in their appropriate periods, Net income attributable to AIG for the three-month periods ended September 30, 2016, June 30, 2016 and March 31, 2016 would have decreased by $65 million, increased by $66 million and increased by $19 million, respectively.

INFORMATION PROVIDED IN CONNECT

INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT	12 Months Ended
	Dec. 31, 2017
INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT
INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT	25 . Information Provided i n Connection w ith Outstanding Debt The following C ondensed C onsolidating F inancial S tatements reflect the results of AIG Life Holdings, Inc. (AIGLH), a holding company and a wholly owned subsidiary of AIG. AIG provides a full and unconditional guarantee of all outstanding debt of AIGLH. Condensed Consolidating Balance Sheets American International Reclassifications Group, Inc. Other and Consolidated (in millions) (As Guarantor) AIGLH Subsidiaries Eliminations AIG December 31, 2017 Assets: Short-term investments $ 2,541 $ - $ 11,559 $ (3,714) $ 10,386 Other investments (a) 6,004 - 305,902 - 311,906 Total investments 8,545 - 317,461 (3,714) 322,292 Cash 3 20 2,339 - 2,362 Loans to subsidiaries (b) 35,004 - 517 (35,521) - Investment in consolidated subsidiaries (b) 40,135 30,359 - (70,494) - Other assets, including deferred income taxes 16,016 170 159,594 (2,133) 173,647 Assets held for sale - - - - - Total assets $ 99,703 $ 30,549 $ 479,911 $ (111,862) $ 498,301 Liabilities: Insurance liabilities $ - $ - $ 282,105 $ - $ 282,105 Long-term debt 21,557 642 9,441 - 31,640 Other liabilities, including intercompany balances (a) 12,458 143 112,275 (6,028) 118,848 Loans from subsidiaries (b) 517 - 35,004 (35,521) - Liabilities held for sale - - - - - Total liabilities 34,532 785 438,825 (41,549) 432,593 Total AIG shareholders’ equity 65,171 29,764 40,549 (70,313) 65,171 Non-redeemable noncontrolling interests - - 537 - 537 Total equity 65,171 29,764 41,086 (70,313) 65,708 Total liabilities and equity $ 99,703 $ 30,549 $ 479,911 $ (111,862) $ 498,301 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 Year Ended December 31, 2017 Revenues: Equity in earnings of consolidated subsidiaries * $ (149) $ 1,978 $ - $ (1,829) $ - Other income 891 - 48,802 (173) 49,520 Total revenues 742 1,978 48,802 (2,002) 49,520 Expenses: Interest expense 949 50 176 (7) 1,168 Loss on extinguishment of debt 2 - (7) - (5) Other expenses 952 2 46,116 (179) 46,891 Total expenses 1,903 52 46,285 (186) 48,054 Income (loss) from continuing operations before income tax expense (benefit) (1,161) 1,926 2,517 (1,816) 1,466 Income tax expense (benefit) 4,922 (3) 2,607 - 7,526 Income (loss) from continuing operations (6,083) 1,929 (90) (1,816) (6,060) Income (loss) from discontinued operations, net of income taxes (1) - 5 - 4 Net income (loss) (6,084) 1,929 (85) (1,816) (6,056) Less: Net income from continuing operations attributable to noncontrolling interests - - 28 - 28 Net income (loss) attributable to AIG $ (6,084) $ 1,929 $ (113) $ (1,816) $ (6,084) Year Ended December 31, 2016 Revenues: Equity in earnings of consolidated subsidiaries * $ (1,269) $ (197) $ - $ 1,466 $ - Other income 516 5 52,875 (1,029) 52,367 Total revenues (753) (192) 52,875 437 52,367 Expenses: Interest expense 988 51 227 (6) 1,260 Loss on extinguishment of debt 77 - (3) - 74 Other expenses 295 16 51,819 (1,023) 51,107 Total expenses 1,360 67 52,043 (1,029) 52,441 Income (loss) from continuing operations before income tax expense (benefit) (2,113) (259) 832 1,466 (74) Income tax expense (benefit) (1,301) (21) 1,507 - 185 Income (loss) from continuing operations (812) (238) (675) 1,466 (259) Loss from discontinued operations, net of income taxes (37) - (53) - (90) Net income (loss) (849) (238) (728) 1,466 (349) Less: Net income (loss) from continuing operations attributable to noncontrolling interests - - 500 - 500 Net income (loss) attributable to AIG $ (849) $ (238) $ (1,228) $ 1,466 $ (849) Year Ended December 31, 2015 Revenues: Equity in earnings of consolidated subsidiaries * $ 3,954 $ 1,936 $ - $ (5,890) $ - Other income 88 - 58,953 (714) 58,327 Total revenues 4,042 1,936 58,953 (6,604) 58,327 Expenses: Other interest expense 1,049 58 302 (128) 1,281 Loss on extinguishment of debt 703 - 46 7 756 Other expenses 1,178 44 52,374 (587) 53,009 Total expenses 2,930 102 52,722 (708) 55,046 Income (loss) from continuing operations before income tax expense (benefit) 1,112 1,834 6,231 (5,896) 3,281 Income tax expense (benefit) (1,086) (73) 2,218 - 1,059 Income (loss) from continuing operations 2,198 1,907 4,013 (5,896) 2,222 Income (loss) from discontinued operations, net of income taxes (2) - 2 - - Net income (loss) 2,196 1,907 4,015 (5,896) 2,222 Less: Net income from continuing operations attributable to noncontrolling interests - - 26 - 26 Net income (loss) attributable to AIG $ 2,196 $ 1,907 $ 3,989 $ (5,896) $ 2,196 * 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 Year Ended December 31, 2017 Net income (loss) $ (6,084) $ 1,929 $ (85) $ (1,816) $ (6,056) Other comprehensive income (loss) 2,235 7,851 17,857 (25,708) 2,235 Comprehensive income (loss) (3,849) 9,780 17,772 (27,524) (3,821) Total comprehensive income attributable to noncontrolling interests - - 28 - 28 Comprehensive income (loss) attributable to AIG $ (3,849) $ 9,780 $ 17,744 $ (27,524) $ (3,849) Year Ended December 31, 2016 Net income (loss) $ (849) $ (238) $ (728) $ 1,466 $ (349) Other comprehensive income (loss) 693 4,080 52,153 (56,233) 693 Comprehensive income (loss) (156) 3,842 51,425 (54,767) 344 Total comprehensive income attributable to noncontrolling interests - - 500 - 500 Comprehensive income (loss) attributable to AIG $ (156) $ 3,842 $ 50,925 $ (54,767) $ (156) Year Ended December 31, 2015 Net income (loss) $ 2,196 $ 1,907 $ 4,015 $ (5,896) $ 2,222 Other comprehensive income (loss) (8,080) 2,320 54,757 (57,083) (8,086) Comprehensive income (loss) (5,884) 4,227 58,772 (62,979) (5,864) Total comprehensive income attributable to noncontrolling interests - - 20 - 20 Comprehensive income (loss) attributable to AIG $ (5,884) $ 4,227 $ 58,752 $ (62,979) $ (5,884) Condensed Consoli dat ing Statements of Cash Flows American International Reclassifications Group, Inc. Other and Consolidated (in millions) (As Guarantor) AIGLH Subsidiaries Eliminations AIG Year Ended December 31, 2017 Net cash (used in) provided by operating activities $ 36 $ 1,413 $ (7,426) $ (2,608) $ (8,585) Cash flows from investing activities: Sales of investments 5,821 - 75,228 (3,758) 77,291 Sales of divested businesses, net 40 - 752 - 792 Purchase of investments (2,465) - (64,539) 3,758 (63,246) Loans to subsidiaries – net 199 - 63 (262) - Contributions from (to) subsidiaries - net 2,446 - - (2,446) - Net change in restricted cash - - (121) - (121) Net change in short-term investments 1,990 - 108 - 2,098 Other, net (183) (5) (1,955) - (2,143) Net cash (used in) provided by investing activities 7,848 (5) 9,536 (2,708) 14,671 Cash flows from financing activities: Issuance of long-term debt 1,505 - 1,851 - 3,356 Repayments of long-term debt (1,724) - (1,974) - (3,698) Purchase of common stock (6,275) - - - (6,275) Intercompany loans - net (63) - (199) 262 - Cash dividends paid (1,172) (1,422) (1,186) 2,608 (1,172) Other, net (154) - (200) 2,446 2,092 Net cash (used in) financing activities (7,883) (1,422) (1,708) 5,316 (5,697) Effect of exchange rate changes on cash - - (28) - (28) Change in cash 1 (14) 374 - 361 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 year $ 3 $ 20 $ 2,339 $ - $ 2,362 Year Ended December 31, 2016 Net cash (used in) provided by operating activities $ 2,112 $ 1,707 $ 2,515 $ (3,951) $ 2,383 Cash flows from investing activities: Sales of investments 5,769 - 81,560 (11,685) 75,644 Sales of divested businesses, net 2,160 - 649 - 2,809 Purchase of investments (1,002) - (80,668) 11,685 (69,985) Loans to subsidiaries – net 1,525 - (3) (1,522) - Contributions from (to) subsidiaries - net 1,637 - - (1,637) - Net change in restricted cash - - 385 - 385 Net change in short-term investments (789) - (2,300) - (3,089) Other, net (141) - (879) - (1,020) Net cash (used in) provided by investing activities 9,159 - (1,256) (3,159) 4,744 Cash flows from financing activities: Issuance of long-term debt 3,831 - 2,123 - 5,954 Repayments of long-term debt (1,996) (63) (2,023) - (4,082) Purchase of common stock (11,460) - - - (11,460) Intercompany loans - net 3 (3) (1,522) 1,522 - Cash dividends paid (1,372) (1,723) (2,228) 3,951 (1,372) Other, net (309) - 2,799 1,637 4,127 Net cash (used in) provided by financing activities (11,303) (1,789) (851) 7,110 (6,833) Effect of exchange rate changes on cash - - 52 - 52 Change in cash (32) (82) 460 - 346 Cash at beginning of year 34 116 1,479 - 1,629 Change in cash of businesses held for sale - - (107) - (107) Cash at end of year $ 2 $ 34 $ 1,832 $ - $ 1,868 Year Ended December 31, 2015 Net cash (used in) provided by operating activities $ 4,443 $ 2,314 $ 1,112 $ (4,992) $ 2,877 Cash flows from investing activities: Sales of investments 7,767 - 69,726 (4,877) 72,616 Purchase of investments (1,881) - (68,261) 4,877 (65,265) Loans to subsidiaries – net (83) - 367 (284) - Contributions to subsidiaries 565 - - (565) - Net change in restricted cash - - 1,457 - 1,457 Net change in short-term investments 2,300 - (1,137) - 1,163 Other, net (175) - (1,334) - (1,509) Net cash (used in) provided by investing activities 8,493 - 818 (849) 8,462 Cash flows from financing activities: Issuance of long-term debt 5,540 - 1,327 - 6,867 Repayments of long-term debt (6,504) (114) (3,187) - (9,805) Intercompany loans - net (201) 3 (86) 284 - Purchase of common stock (10,691) - - - (10,691) Cash dividends paid to shareholders (1,028) (2,178) (2,814) 4,992 (1,028) Other, net (44) - 2,707 565 3,228 Net cash (used in) provided by financing activities (12,928) (2,289) (2,053) 5,841 (11,429) Effect of exchange rate changes on cash - - (39) - (39) Change in cash 8 25 (162) - (129) Cash at beginning of year 26 91 1,641 - 1,758 Cash at end of year $ 34 $ 116 $ 1,479 $ - $ 1,629 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 year ended December 31, 2017 for: Interest: Third party $ (948) $ (48) $ (286) $ - $ (1,282) Intercompany - (1) 1 - - Taxes: Income tax authorities $ (329) $ - $ (215) $ - $ (544) Intercompany 614 - (614) - - Cash (paid) received during the year ended December 31, 2016 for: Interest: Third party $ (975) $ (52) $ (304) $ - $ (1,331) Intercompany 2 - (2) - - Taxes: Income tax authorities $ (15) $ - $ (478) $ - $ (493) Intercompany 479 - (479) - - Cash (paid) received during the year ended December 31, 2015 for: Interest: Third party * $ (1,030) $ (59) $ (279) $ - $ (1,368) Intercompany - - - - - Taxes: Income tax authorities $ (11) $ - $ (500) $ - $ (511) Intercompany 829 - (829) - - American International Group, Inc. (As Guarantor) supplementary disclosure of non-cash activities: Years Ended December 31, (in millions) 2017 2016 2015 Intercompany non-cash financing and investing activities: Capital contributions $ 259 $ 3,245 $ 494 Dividends received in the form of securities 735 5,234 2,326 Return of capital 26 - - Fixed maturity securities received in exchange for equity securities - 440 - Non-cash financing/investing activities: Non-cash consideration received from sale of shares of AerCap - - 500 Non-cash consideration received from sale of United Guaranty - 1,101 -

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2017
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	26 . Subsequent Events DIVIDENDS DECLARED AND SHARE REPURCHASE AUTHORIZATION On February 8, 2018, our Board of Directors d eclared a cash dividend on AIG Common Stock of $0. 32 per share, pay able on March 29, 2018 to shareholders of record on March 15, 2018. ACQUISITION OF BUSINESS On January 21, 2018, we entered into an agreement to purchase Validus Holdings, Ltd. (Validus), a leading provider of reinsurance, primary insurance, and asset management services, for approximately $5.6 billion in c ash. The transaction is expected to close mid-2018 and is subject to customary closing conditions, including, among others, obtaining the relevant regulatory approvals (including the expiration or termination of any applicable waiting period under the Har t-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and receipt of the approval of the Bermuda Monetary Authority, the New Hampshire Department of Insurance, the Prudential Regulatory Authority, Lloyd’s, the Texas Department of Insurance and the Swiss Financial Market Supervisory Authority) and obtaining the approval of the shareholders of Validus. In connection with the transaction, the board of directors of Validus approved, and recommended that Validus’ shareholders approve, an amendment to V alidus’ bye-laws that would reduce the Validus shareholder vote required to approve a merger with another company (including the transaction) from the affirmative vote of three-fourths of those voting at a general meeting of the shareholders to the affirma tive vote of a majority of those voting at such general meeting (the Bye-Law Amendment). If the Bye-Law Amendment is approved by holders of a majority in voting power of the aggregate voting power of the common stock of Validus, Validus must then obtain the affirmative vote of a majority of its shareholders voting at a general meeting to approve and adopt the transaction. If the Bye-Law Amendment is not so approved, then Validus must obtain the affirmative vote of three-fourths of its shareholders voting at a general meeting to approve and adopt the transaction. REINSURANCE TRANSACTIONS In February 2018, we closed a series of affiliated reinsurance transactions impacting the Legacy Portfolio. These transactions were designed to consolidate the bulk of the Legacy Insurance Run-Off Lines into a single legal entity, DSA Reinsurance Company, Ltd. (DSA Re), a Bermuda domiciled composite reinsurer, 100 percent owned by AIG. The transactions include the cession of approximately $32 billion of reserves from the Legacy Life and Retirement Run-off Lines and approximately $5 billion of reserves from the Legacy General Insurance Run-off Lines relating to business written by multiple AIG legal entities. This represented over 80 percent of the insurance reserves in the Legacy Portfolio as of December 31, 2017. DSA Re will have approximately $40 billion of invested assets, managed by AIG Investments and will become AIG’s main run-off reinsurer with its own dedicated management team. Following the close of the DSA Re transactions, Eaglestone Reinsurance Company will continue to reinsure the AIG property casualty pool companies for their asbestos liabilities and benefit from the retroactive reinsurance agreement entered into with NICO in 2011. As part of the transaction, AIG Parent has provided DSA Re with a CMA that requires AIG Parent to restore capital of each of the long term business fund and general business accounts of DSA Re to a specified minimum enhanced capital ratio measured for each fund on a quarterly basis. We will maintain the CMA so long as we have more than 50 percent voting control of DSA Re.

Schedule I Summary of Investmen

Schedule I Summary of Investments - Other than Investments in Related Parties	12 Months Ended
	Dec. 31, 2017
Schedule I Summary of Investments - Other than Investments in Related Parties
Schedule I Summary of Investments - Other than Investments in Related Parties	Summary of Investments — Other than Investments in Related Parties Schedule I Amount at At December 31, 2017 which shown in (in millions) Cost (a) Fair Value the Balance Sheet Fixed maturities: U.S. government and government sponsored entities $ 5,334 $ 5,458 $ 5,458 Obligations of states, municipalities and political subdivisions 17,377 18,644 18,644 Non-U.S. governments 15,116 15,716 15,716 Public utilities 17,654 18,870 18,870 All other corporate debt securities 110,565 117,215 117,215 Mortgage-backed, asset-backed and collateralized 72,187 75,861 75,861 Total fixed maturity securities 238,233 251,764 251,764 Equity securities and mutual funds: Common stock: Public utilities 1 1 1 Banks, trust and insurance companies 924 1,126 1,126 Industrial, miscellaneous and all other 326 483 483 Total common stock 1,251 1,610 1,610 Preferred stock 504 533 533 Mutual funds 139 154 154 Total equity securities and mutual funds 1,894 2,297 2,297 Mortgage and other loans receivable, net of allowance 37,023 37,766 37,023 Other invested assets 20,682 20,824 20,822 Short-term investments, at cost (approximates fair value) 10,386 10,386 10,386 Derivative assets (b) 922 922 922 Total investments $ 309,140 $ 323,959 $ 323,214 (a) Original cost of equity securities and fixed maturities is reduced by other-than-temporary impairment charges, and, as to fixed maturit y securities , reduced by repayments and adjusted for amortization of premiums or accr etion of discounts. (b) The balance is reported in Other a ssets.

Schedule II Condensed Financial

Schedule II Condensed Financial Information of Registrant - Parent Company Only	12 Months Ended
	Dec. 31, 2017
Schedule II Condensed Financial Information of Registrant - Parent Company Only
Schedule II Condensed Financial Information of Registrant - Parent Company Only	Condensed Financial Information of Registrant Balance Sheets — Parent Company Only Schedule II December 31, (in millions) 2017 2016 Assets: Short-term investments $ 2,541 $ 4,424 Other investments 6,004 7,154 Total investments 8,545 11,578 Cash 3 2 Loans to subsidiaries * 35,004 34,692 Due from affiliates - net * 1,585 3,460 Intercompany tax receivable * 3,058 5,129 Deferred income taxes 11,030 15,169 Investments in consolidated subsidiaries * 40,135 42,582 Other assets 343 341 Total assets $ 99,703 $ 112,953 Liabilities: Due to affiliate * $ 4,340 $ 6,083 Intercompany tax payable * 4,577 4,152 Deferred tax liabilities - - Notes and bonds payable 20,339 19,432 Junior subordinated debt 841 843 MIP notes payable 356 1,099 Series AIGFP matched notes and bonds payable 21 31 Loans from subsidiaries * 517 577 Other liabilities (includes intercompany derivative liabilities of $63 in 2017 and $419 in 2016) 3,541 4,436 Total liabilities 34,532 36,653 AIG Shareholders’ equity: Common stock 4,766 4,766 Treasury stock (47,595) (41,471) Additional paid-in capital 81,078 81,064 Retained earnings 21,457 28,711 Accumulated other comprehensive income 5,465 3,230 Total AIG shareholders’ equity 65,171 76,300 Total liabilities and equity $ 99,703 $ 112,953 * Eliminated in consolidation. See a ccompanying Notes to Condensed Financial Information of Registrant. Condensed Financial Information of Registrant (Continued) Statements of Income — Parent Company Only Schedule II Years Ended December 31, (in millions) 2017 2016 2015 Revenues: Equity in undistributed net income (loss) of consolidated subsidiaries (a) $ (2,375) $ (8,633) $ (2,929) Dividend income from consolidated subsidiaries (a) 2,226 7,364 6,883 Interest income (b) 656 411 342 Net realized capital gains (losses) 46 2 (587) Other income 189 103 333 Expenses: Interest expense 949 988 1,049 Net loss on extinguishment of debt 2 77 703 Net (gain) loss on sale of divested businesses (c) 30 (690) 11 Other expenses 922 985 1,167 Income (loss) from continuing operations before income tax expense (benefit) (1,161) (2,113) 1,112 Income tax expense (benefit) 4,922 (1,301) (1,086) Net income (loss) (6,083) (812) 2,198 Loss from discontinued operations (1) (37) (2) Net income (loss) attributable to AIG Parent Company $ (6,084) $ (849) $ 2,196 (a) Eliminated in consolidation. (b) Includes interest income on intercompany borrowings of $512 million, $294 million and $163 million on December 31, 2017, 2016 and 2015, respectively, eliminated in consolidation. (c) Primarily includes pre-tax gain of $697 million on the sale of United Guaranty on December 31, 2016. See accompanying Notes to Condensed Financial Information of Registrant. Condensed Financial Information of Registrant (Continued) Statements of Comprehensive Income — Parent Company Only Schedule II Years Ended December 31, (in millions) 2017 2016 2015 Net income $ (6,084) $ (849) $ 2,196 Other comprehensive income 2,235 693 (8,080) Total comprehensive loss attributable to AIG $ (3,849) $ (156) $ (5,884) See accompanying Notes to Condensed Financial Information of Registrant. Condensed Financial Information of Registrant (Continued) Statements of Cash Flows — Parent Company Only Schedule II Years Ended December 31, (in millions) 2017 2016 2015 Net cash provided by operating activities $ 36 $ 2,112 $ 4,443 Cash flows from investing activities: Sales and maturities of investments 5,714 5,598 7,609 Sales of divested businesses 40 2,160 - Purchase of investments (2,465) (1,002) (1,881) Net change in short-term investments 1,990 (789) 2,300 Contributions to subsidiaries - net 2,446 1,637 565 Mortgage and other loan receivables - originations and purchases - (85) - Payments received on mortgages and other loan receivables 107 171 158 Loans to subsidiaries - net 199 1,525 (83) Other, net (183) (56) (175) Net cash provided by investing activities 7,848 9,159 8,493 Cash flows from financing activities: Issuance of long-term debt 1,505 3,831 5,540 Repayment of long-term debt (1,724) (1,996) (6,504) Cash dividends paid (1,172) (1,372) (1,028) Loans from subsidiaries - net (63) 3 (201) Purchase of Common Stock (6,275) (11,460) (10,691) Other, net (154) (309) (44) Net cash used in financing activities (7,883) (11,303) (12,928) Change in cash 1 (32) 8 Cash at beginning of year 2 34 26 Cash at end of year $ 3 $ 2 $ 34 Supplementary disclosure of cash flow information: Years Ended December 31, (in millions) 2017 2016 2015 Cash (paid) received during the period for: Interest: Third party $ (948) $ (975) $ (1,030) Intercompany - 2 - Taxes: Income tax authorities (329) (15) (11) Intercompany 614 479 829 Intercompany non-cash financing and investing activities: Capital contributions 259 3,245 494 Return of capital 26 - - Dividends received in the form of securities 735 5,234 2,326 Fixed maturity securities received in exchange for equity securities - 440 - Non-cash financing/investing activities Non-cash consideration received from sale of shares of AerCap - - 500 Non-cash consideration received from sale of United Guaranty - 1,101 - See accompanying Notes to Condensed Financial Information of Registrant. Notes to Condensed Financial Information of Registrant American International Group, Inc.’s (the Registrant) investments in consolidated subsidiaries are stated at cost plus equity in undistributed income of consolidated subsidiaries. The accompanying condensed financial statements of the Registrant should be read in conjunction with the consolidated financial statements and notes thereto of American International Group, Inc. and subsidiaries included in the Registrant’s 2017 Annual Report on Form 10-K for the year ended December 31, 2017 (Annual Report on Form 10-K) filed with the Securities and Exchange Commission on February 16 , 2018. The Registrant includes in its Statement of Income dividends from its subsidiaries and equity in undistributed income (loss) of consolidated subsidiaries, which represents the net income (loss) of each of its wholly - owned subsidiaries. Certain prior period amounts have been reclassified to conform to the current period presentation. The five-year debt maturity schedule is incorporated by reference from Note 15 to Consolidated Financial Statements. The Registrant files a consolidated federal income tax return with certain subsidiaries and acts as an agent for the consolidated tax group when making payments to the Internal Revenue Service. The Registrant a nd its subsidiaries have adopted, pursuant to a written agreement, a method of allocating consolidated Federal income taxes. Amounts allocated to the subsidiaries under the written agreement are included in Due from affiliates in the accompanying Condensed Balance Sheets. Income taxes in the accompanying Condensed Balance Sheets are composed of the Registrant’s current and deferred tax assets, the consolidated group’s current income tax receivable and deferred taxes related to tax attribute carryforwards of AIG’s U.S. consolidated income tax group. For additional information see Note 23 to the Consolidated Financial Statements. The consolidated U.S. deferred tax asset for net operating loss, capital loss and tax credit carryforwards are recorded by th e Parent Company, which files the consolidated U.S. Federal income tax return, and are not allocated to its subsidiaries. Generally, as, and if, the consolidated net operating losses and other tax attribute carryforwards are utilized, the intercompany tax balance will be settled with the subsidiaries.

Schedule III Supplementary Insu

Schedule III Supplementary Insurance Information	12 Months Ended
	Dec. 31, 2017
Schedule III Supplementary Insurance Information
Schedule III Supplementary Insurance Information	Supplementary Insurance Information Schedule III At December 31, 2017 and 2016 Liability for Unpaid Losses and Loss Deferred Adjustment Policy Policy Expenses, and Acquisition Future Policy Unearned Contract Segment (in millions) Costs Benefits Premiums Claims 2017 General Insurance companies $ 2,587 $ 73,530 $ 18,795 $ - Life and Retirement companies 8,407 44,615 - 851 Other (a) - 5,680 235 9 $ 10,994 $ 123,825 $ 19,030 $ 860 2016 General Insurance companies $ 2,563 $ 71,926 $ 19,348 $ - Life and Retirement companies 8,466 41,383 - 836 Other (a) 13 5,972 286 11 $ 11,042 $ 119,281 $ 19,634 $ 847 For the years ended December 31, 2017, 2016 and 2015 Losses Amortization Premiums and Loss of Deferred and Net Expenses Policy Other Net Policy Investment Incurred, Acquisition Operating Premiums Segment (in millions) Fees Income Benefits Costs Expenses Written (b) 2017 General Insurance $ 26,026 $ 3,668 $ 21,642 $ 3,765 $ 5,100 $ 25,438 Life and Retirement 6,844 7,816 8,607 743 2,296 - Other Operations (a) 712 (81) 1,076 (296) - 314 Legacy Operations 727 2,776 2,239 76 - 4 $ 34,309 $ 14,179 $ 33,564 $ 4,288 $ 7,396 $ 25,756 2016 General Insurance $ 29,586 $ 3,554 $ 25,103 $ 4,121 $ 5,967 $ 28,393 Life and Retirement 4,878 7,622 6,945 613 2,700 - Other Operations (a) 1,845 (24) 743 (321) - 819 Legacy Operations 816 2,913 3,351 108 - 21 $ 37,125 $ 14,065 $ 36,142 $ 4,521 $ 8,667 $ 29,233 2015 General Insurance $ 30,922 $ 3,746 $ 22,873 $ 4,319 $ 6,848 $ 32,199 Life and Retirement 5,677 7,541 7,745 794 3,607 - Other Operations (a) 1,641 (162) 854 21 - 668 Legacy Operations 1,170 2,928 3,604 102 - 199 $ 39,410 $ 14,053 $ 35,076 $ 5,236 $ 10,455 $ 33,066 (a) Includes consolidation and elimination entries. (b) Balances reflect the segment changes discussed in Note 3 – Segment Information to the Consolidated Financial Statements.

Schedule IV Reinsurance

Schedule IV Reinsurance	12 Months Ended
	Dec. 31, 2017
Schedule IV Reinsurance
Schedule IV Reinsurance	Reinsurance Schedule IV At December 31, 2017, 2016 and 2015 and for the years then ended Percent of Ceded to Assumed Amount Gross Other from Other Assumed (in millions) Amount Companies Companies Net Amount to Net 2017 Long-duration insurance in force $ 1,061,095 $ 202,402 $ 321 $ 859,014 - % Premiums: General Insurance companies $ 30,205 $ 7,533 $ 3,084 $ 25,756 12.0 % Life and Retirement companies 5,053 809 285 4,529 6.3 Other - - - - - Total $ 35,258 $ 8,342 $ 3,369 $ 30,285 11.1 % 2016 Long-duration insurance in force $ 1,025,653 $ 174,363 $ 339 $ 851,629 - % Premiums: General Insurance companies $ 33,970 $ 7,561 $ 2,824 $ 29,233 9.7 % Life and Retirement companies 4,609 789 123 3,943 3.1 Other - - - - - Total $ 38,579 $ 8,350 $ 2,947 $ 33,176 8.9 % 2015 Long-duration insurance in force $ 1,051,571 $ 177,025 $ 372 $ 874,918 - % Premiums: General Insurance companies $ 37,698 $ 7,604 $ 2,972 $ 33,066 9.0 % Life and Retirement companies 5,233 756 7 4,484 0.2 Other - - - - - Total $ 42,931 $ 8,360 $ 2,979 $ 37,550 7.9 %

Schedule V Valuation and Qualif

Schedule V Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2017
Valuation and Qualifying Accounts [Abstract]
Schedule V Valuation and Qualifying Accounts	Valuation and Qualifying Accounts Schedule V For the years ended December 31, 2017, 2016 and 2015 Additions Reclassified Balance, Charged to to Assets of Beginning Costs and Businesses Divested Other Balance, (in millions) of year Expenses Charge Offs Held for Sale Businesses Changes * End of year 2017 Allowance for mortgage and other loans receivable $ 297 $ 49 $ (25) $ - $ - $ 1 $ 322 Allowance for premiums and insurances balances receivable 262 36 (58) - (8) 4 236 Allowance for reinsurance assets 207 33 (50) - - (3) 187 Federal and foreign valuation allowance for deferred tax assets 2,831 43 - - - (1,500) 1,374 2016 Allowance for mortgage and other loans receivable $ 308 $ (7) $ (15) $ - $ - $ 11 $ 297 Allowance for premiums and insurances balances receivable 333 26 (88) (2) (7) - 262 Allowance for reinsurance assets 272 (23) (34) (8) - - 207 Federal and foreign valuation allowance for deferred tax assets 3,012 83 - - - (264) 2,831 2015 Allowance for mortgage and other loans receivable $ 271 $ 58 $ (29) $ - $ 3 $ 5 $ 308 Allowance for premiums and insurances balances receivable 431 35 (120) - - (13) 333 Allowance for reinsurance assets 258 90 (67) - - (9) 272 Federal and foreign valuation allowance for deferred tax assets 1,739 110 - - - 1,163 3,012 * Includes recoveries of amounts previously charged off and reclassifications to/from other accounts.

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	12 Months Ended
	Dec. 31, 2017
BASIS OF PRESENTATION
Use of Estimates	Use of Estimates The preparation of fina ncial 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 conside red our critical accounting estimates and are related to the determination of: liability for unpaid losses and loss adjustment expenses (loss reserves); reinsurance assets; valuation of future policy benefit liabilities and timing and extent of loss recognition; valuation of liabilities for guaranteed benefit features of variable annuity products; estimated gross profits to value deferred 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; allowances for loan losses; liability for legal contingencies; fair val ue measurements of certain financial assets and liabilities; and income tax assets and liabilities, including recoverability of our net deferred tax asset and the predictability of future tax operating profitability of the character necessary to realize th e net deferred tax asset and provisional estimates associated with the Tax Act. These accounting estimates require the use of assumptions about matters, some of which are highly uncertain at the time of estimation. To the extent actual experience differs f rom the assumptions used, our consolidated financial condition, results of operations and cash flows could be materially affected.

SUMMARY OF SIGNIFICANT ACCOUN42

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2017
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
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 business 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. At December 31, 2017 , we had no businesses classified as held-for-sale. At December 31, 2016 , the following businesses were reported as held-for-sale: United Guaranty Asia On August 15, 2016, we entered into a definitive agreement to sell our 100 percent interest in United Guaranty and certain related affiliates to Arch. This transaction closed on December 31, 2016 and we received proceeds of approximately $3.3 billion, consis ting of $2.2 billion of cash, and approximately $1.1 billion of newly issued Arch convertible non-voting common-equivalent preferred stock. We also received $261 million in pre-closing dividends from United Guaranty in the fourth quarter of 2016. However, due to pending regulatory approvals, United Guaranty Asia was not included in the December 31, 2016 closing and $40 million of cash consideration was retained by Arch. The sale of United Guaranty Asia was completed on July 1, 2017 and we received the $40 million cash proceeds. Sale of Certain Insurance Subsidiary Operations to Fairfax 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 s ubsidiary operations in Argentina, Chile, Colombia, Uruguay, Venezuela and Turkey. 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 Slovaki a, and assume certain of our operating assets and employees. Total cash consideration 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 quar ter of 2017, the sale of operations in Turkey as well as the renewal rights in 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 op erations in Colombia, Chile and Argentina were completed, which resulted in cash proceeds of $168 million. Substantially all of the operations and renewal rights that we agreed to sell Fairfax were sold by December 31, 2017. AIG Fuji Life Insurance On Nov ember 14, 2016, we entered into an agreement to sell Fuji Life to FWD Group, the insurance arm of Pacific Century Group. Total cash consideration to us was approximately $333 million. The sale resulted in a pr e- ta x loss of $ 591 m i ll i o n. The sale of Fuji Li fe was completed on April 30, 2017.
Investments	Short-term investments consist of interest -bearing cash equivalents, time deposits, securities purchased under agreements to resell, and investments, such as commercial paper, with origina l maturities within one year from the date of purchase. Fixed Maturity and Equity Securities Bonds held to maturity are carried at amortized cost when we have the ability and positive intent to hold these securities until maturity. When we do not have the ability or positive intent to hold bonds until maturity, these securities are classified as available for sale or are measured at fair value at our election. None of our fixed maturity securities met the criteria for held to maturity classification at December 31, 2017 or 2016 . Fixed maturity and equity securities classified as available for sale are carried at fair value. Unrealized gains and losses from available for sale investments in fixed maturity and equity securities are reported as a separ ate component of Accumulated other comprehensive income, net of deferred policy acquisition costs and deferred income taxes, in shareholders’ equity. Realized and unrealized gains and losses from fixed maturity and equity securities measured at fair value at our election are reflected in Net investment income (for insurance subsidiaries) or Other income (for Other Operations ). Investments in fixed maturity and equity securities are recorded on a trade-date basis. Premiums and discounts arising from the purc hase of bonds classified as available for sale are treated as yield adjustments over their estimated holding periods, until maturity, or call date, if applicable. For investments in certain RMBS, CMBS and CDO/ABS, (collectively, structured securities), rec ognized yields are updated based on current information regarding the timing and amount of expected undiscounted future cash flows. For high credit quality structured securities, effective yields are recalculated based on actual payments received and updat ed prepayment expectations, and the amortized cost is adjusted to the amount that would have existed had the new effective yield been applied since acquisition with a corresponding charge or credit to net investment income. For structured securities that a re not high credit quality, effective yields are recalculated and adjusted prospectively based on changes in expected undiscounted future cash flows. For purchased credit impaired (PCI) securities, at acquisition, the difference between the undiscounted ex pected future cash flows and the recorded investment in the securities represents the initial accretable yield, which is to be accreted into net investment income over the securities’ remaining lives on a n effective level -yield basis. Subsequently, effecti ve yields recognized on PCI securities are recalculated and adjusted prospectively to reflect changes in the contractual benchmark interest rates on variable rate securities and any significant increases in undiscounted expected future cash flows arising d ue to reasons other than interest rate changes. Other Invested Assets Carried at Fair Value Certain hedge funds, private equity funds, and other investment partnerships for which we have elected th e fair value option are reported at fair value with changes in fair value recognized in Net investment income with the exception of investments of AIG’s Other Operations, for which such changes are reported in Other income. Other investments in hedge fund s, private equity funds and other investment partnerships in which our insurance operations do not hold aggregate interests sufficient to exercise more than minor influence over the respective partnerships are reported at fair value with changes in fair va lue recognized as a component of Accumulated other comprehensive income. These investments are subject to other-than-temporary impairment evaluations (see discussion below on evaluating equity investments for other-than-temporary impairment) . The gross unr ealized loss recorded in Accumulated other comprehensive income on such investments was $ 45 million and $ 32 million at December 31, 2017 and 2016 , respectively, the majority of which pertains to investments in private equity funds and hedge funds that have been in continuous unrealized loss positions for less than 12 months. Other Invested Assets – Equity Method Investments We account for hedge funds, private equity funds, affor dable housing partnerships and other investment partnerships using the equity method of accounting unless our interest is so minor that we may have virtually no influence over partnership operating and financial policies, or we have elected the fair value option. Under the equity method of accounting, our carrying amount generally is our share of the net asset value of the funds or the partnerships, and changes in our share of the net asset values are recorded in Net investment income with the exception of investments of AIG’s Other Operations, for which such changes are reported in Other income. In applying the equity method of accounting, we consistently use the most recently available financial information provided by the general partner or manager of eac h of these investments, which is one to three months prior to the end of our reporting period. The financial statements of these investees are generally audited annually. Other Investments Also included in Other invested assets are real estate held for investment and investments in aircraft equipment held in a consolidated trust. These investments are reported at cost, less depreciation and are s ubject to impairment review, as discussed below. Investments in Life Settlement s Investments in life settlements are accounted for under the investment method. Under the investment method, we recognize our initial investment in life settlements at the tran saction price plus all initial direct external costs. Continuing costs to keep the policy in force, primarily life insurance premiums, increase the carrying amount of the investment. We recognize income on individual investments in life settlements when th e insured dies, at an amount equal to the excess of the investment proceeds over the carrying amount of the investment at that time. These investments are subject to impairment review, as discussed below. N et Investment Income Net investment income represents income primarily from the following sources: Interest income and related expenses, including amortization of premiums and accretion of discounts with changes in the timing and the amount of expected principal and interest cash flows reflected in yield, as applicable. Dividend income from common and preferred stock s . Realized and unrealized gains and losses from investments in other securities and investments for which we elected the fair value option. Earnings from alternative investments. The difference between the carrying amount of an investment in life settlements and the life insurance proceeds of the underlying life insurance policy reco rded in income upon the death of the insured. Net Realized Capital Gains and Losses Net realized capital gains and losses are determined by specific identification. The net realized capital gains and losses are generated primarily from the following sources: Sales or full redemptions of available for sale fixed maturity securities , available for sale equity securities , real estate and other alternative investments . Reductions to the amortized cost basis of available for sale fixed maturity securities , available for sale equity securities and certain other invested assets for other-than-temporary impairments. Impairments on investments in life settlements. Changes in fair value of derivatives except for (1) those derivatives at AIGFP and (2) those instruments that are designated as hedging instruments when the change in the fair value of the hedged item is not reported in Net realized capital gains (losses). Exchange gains an d losses resulting from foreign currency transactions. Evaluating Investments for Other-Than-Temporary Impairments Fixed Maturity Securities If we intend to sell a fixed maturity security or it is more likely than not that we will be required to sell a fixed maturity security before recovery of its amortized cost basis and the fair value of the security is below amort ized cost, an other-than-temporary impairment has occurred and the amortized cost is written down to current fa ir value, with a corresponding charge to realized capital losses . When assessing our intent to sell a fixed maturity security, or whether it is more likely than not that we will be required to sell a fixed maturity security before recovery of its amortized cost basis, management evaluates relevant facts and circumstances including, but not limited to, decisions to reposition our investment portfolio, sales of securities to meet cash flow needs and sales of securities to take advantage of favorable pricing. For fixed maturity securities for which a credit impairment has occurred, the amortized cost is writte n down to the estimated recoverable value with a corresponding charge to realized capital losses . The estimated recoverable value is the present value of cash flows expected to be collected, as determined by management . The difference between fair value and amortized cost that is not related to a credit impairment is presented in unrealized appreciation (depreciation) of fixed maturity securities on which other-than-temporary credit impairments were recognized (a separate component of accumulated other comprehensive income). When estimating future cash flows for structured fixed maturity securities (e.g., RMBS, CMBS, CDO, ABS) management considers historic al performance of underlying assets and available market information as well as bond-specific structural considerations, such as credit enhancement and priority of payment structure of the security. In addition, the process of estimating future cash flows includes, but is not limited to, the following critical inputs, which vary by asset class: Current delinquency rates; Expected default rates and the timing of such defaults; Loss severity and the timing of any recovery; and Expected prepayment speeds. For corporate, municipal and sovereign fixed maturity securities determined to be credit impaired, management considers the fair value as the recoverable value when available information does not indicate that another value is more relevant or reliable. When m anagement identifies information that supports a recoverable value other than the fair value, the determination of a recoverable value considers scenarios specific to the issuer and the security, and may be based upon estimates of outcomes of corporate res tructurings, political and macroeconomic factors, stability and financial strength of the issuer, the value of any secondary sources of repayment and the disposition of assets. We consider severe price declines in our assessment of potential credit impairm ents. We may also modify our model inputs when we determine that price movements in certain sectors are indicative of factors not captured by the cash flow models. In periods subsequent to the recognition of an other-than-temporary impairment charge for a vailable for sale fixed maturity securities that is not foreign exchange related, we prospectively accrete into earnings the difference between the new amortized cost and th e expected undiscounted recoverable value over the remaining expected holding perio d of the security. Credit Impairments The following table presents a rollforward of the cumulative credit losses in other-than-temporary impairments recognized in earnings for available for sale fixed maturity securities: Years Ended December 31, (in millions) 2017 2016 2015 Balance, beginning of year $ 1,098 $ 1,747 $ 2,659 Increases due to: Credit impairments on new securities subject to impairment losses 122 204 111 Additional credit impairments on previously impaired securities 74 212 109 Reductions due to: Credit impaired securities fully disposed of for which there was no prior intent or requirement to sell (99) (296) (399) Credit impaired securities for which there is a current intent or anticipated requirement to sell - - 2 Accretion on securities previously impaired due to credit * (669) (767) (735) Divested businesses - (2) - Balance, end of year $ 526 $ 1,098 $ 1,747 * 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. Equity Securities We evaluate our available for sale equity securities for impairment by considering such securities as candidates for other-than-temporary impairment if they meet any of the following criteria: The security has traded at a significant (25 percent or more) discount to cost for an extended period of time (nine consecutive months or longer); A discrete credit event has occurred resulting in (i) the issuer defaulting on a material outstanding obligation; (ii) the issuer seeking protection from creditors under the bankruptcy la ws or any similar laws intended for court-supervised reorganization of insolvent enterprises; or (iii) the issuer proposing a voluntary reorganization pursuant to which creditors are asked to exchange their claims for cash or securities having a fair value substantially lower than the par value of their claims; or We have concluded that we may not realize a full recovery on our investment, regardless of the occurrence of one of the foregoing events. The determination that an equity security is other-than-te mporarily impaired requires the judgment of management and consideration of the fundamental condition of the issuer, its near-term prospects and all the relevant facts and circumstances. In addition to the above criteria , all equity securities that have be en in a continuous decline in value below cost over 12 months are impaired. We also consider circumstances of a rapid and severe market valuation decline (50 percent or more) discount to cost, in which we could not reasonably assert that the impairment per iod would be temporary (severity losses). Other Invested Assets Our equity and cost method investments in private equity funds, hedge funds and other entities are evaluated for impairment similar to the evaluation of equity securities for impairments as di scussed above. Such evaluation considers market conditions, events and volatility that may impact the recoverability of the underlying investments within these private equity funds and hedge funds and is based on the nature of the underlying investments an d specific inherent risks. Such risks may evolve based on the nature of the underlying investments. Our investments in life settlements are monitored for impairment on a contract-by-contract basis quarterly. An investment in life settlements is considered impaired if the undiscounted cash flows resulting from the expected proceeds would not be sufficient to recover our estimated future carrying amount, which is the current carrying amount for the investment in life settlements plus anticipated undiscounted future premiums and other capitalizable future costs, if any. Impaired investments in life settlements are written down to their estimated fair value which is determined on a discounted cash flow basis, incorporating current market mortality assumptions a nd market yields or by repricing to the anticipated sale price as appropriate. In general, fair value estimates for the investments in life settlements are calculated using cash flows based on medical underwriting ratings of the policies from a third-party underwriter, applied to an industry mortality table. Our mortality assumptions are based on an industry table as supplemented with proprietary data on the older age mortality of U.S. insured lives. M ortality improvement factors are applied to these assump tions based on our view of future mortality improvements likely to apply to the U.S. insured lives population. Our mortality assumptions coupled with the mortality improvement rates are used in our estimate of future net cash flows from the investments in life settlements . We sold the remaining portion of our life settlements portfolio in 2017. Our investments in aircraft assets and real estate are periodically evaluated for recoverability whenever changes in circumstances indicate the carrying amount of an asset may be impaired. When impairment indicators are present, we compa re expected investment cash flows to carrying amount. When the expected cash flows are less than the carrying amount, the investments are written down to fair value with a corresponding charge to earnings. Purchased Credit Impaired (PCI) Securities We purchas e certain RMBS securities that ha ve experienced deterioration in credit quality since their issuance. We determine whether it is probable at acquisition that we w ill not collect all contractually required payments for these PCI securities, includ ing both principal and interest. At acquisition, the timing and amount of the undiscounted future cash flows expected to be received on each PCI security i s determined based on our best estimate using key a ssumptions, 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 accretabl e yield, which is accreted into N et investment income over their remaining lives on a n effective yield basis. Additionally, the difference between the contractually required payments on the PCI securities and the undiscounted expected future cash flows rep resents 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 f urther below. On a quarterly basis, the undiscounted expected future cash flows associated with PCI securities are re-evaluated based on updates to key assumptions. Declines in undiscounted expected future cash flows due to further credit deterioration as well as changes in the expected timing of the cash flows can result in the recognition of an other -than-temporary impairment charge, as PCI securities are subject to our policy for evaluating investments for other-than-temporary impairment. Changes to und iscounted expected future cash flows due solely to the changes in the contractual benchmark interest rates on variable rate PCI securities will change the accretable yield prospectively. Significant increases in undiscounted expected future cash flows for reasons other than interest rate changes are recognized prospectively as adjustments to the accretable yield. 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 agreements). 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. We also enter into agreements in which securities are purchased by us under agreements to resell (reverse repurchase agreements), which are accounted for as secured financing transactions and reported as short-term investments or other assets, depending on their terms. These agreements are recorded at their contracted resale amounts plus accrued interest, other than those that are accounted for at fair value. In all reverse repurchase transactions, we take possession of or obtain a security interest in th e related securities, and we have the right to sell or repledge this collateral received. Mortgage and other loans receivable include commercial mortgages , residential mortgages , life insurance policy loans, commercial loans, and other loans and notes receivable. Commercial mortgages , residential mortgages , commercial loans, and other loans and notes receivable are carried at unpaid pr incipal balances less allowance for credit losses and plus or minus adjustments for the accretion or amortization of discount or premium. Interest income on such loan s is accrued as earned. Direct costs of originating commercial mortgages, commercial loans, and other loans and notes receivable, net of nonrefundable points and fees, are deferred and included in the carrying amount of the related receivables. The amount deferred is amortized to income as an adjustment to earnings using the interest method. Premiums and discounts on purchased residential mortgages are also amortized to income as an adjustment to earnings using the interest method. Life insurance policy loa ns are carried at unpaid principal balances. There is no allowance for policy loans because these loans serve to reduce the death benefit paid when the death claim is made and the balances are effectively collateralized by the cash surrender value of the p olicy. M ethodology Used to Estimate the Allowance for Credit Losses Mortgage and other loans receivable are considered impaired when collection of all amounts due under contractual terms is not probable. Impairment is measured using either i) the present value of expected future cash flows discounted at the loan’s effective interest rate, ii) the loan’s observable market price, if available, or iii) the fair value of the collateral if the loan is collateral dependent. Impairment of commercial mortgages is typically determined using the fair value of collateral while impairment of other loans is typically determined using the present value of cash flows or the loan’s observable marke t price. An allowance is typically established for the difference between the impaired value of the loan and its current carrying amount. Additional allowance amounts are established for incurred but not specifically identified impairments, based on stati stical models primarily driven by past due status, debt servic e coverage, loan-to-value ratio, property type and location, loan term, profile of the borrower and of the major property tenants, and loan seasoning. When all or a portion of a loan is deemed uncollectible, the uncollectible portion of the ca rrying amount of the loan is charged off against the allowance. Interest income is not accrued when payment of contractual principal and interest is not expected. Any cash received on impaired loans is ge nerally recorded as a reduction of the current carrying amount of the loan. Accrual of interest income is generally resumed when delinquent contractual principal and interest is repaid or when a portion of the delinquent contractual payments are made and the ongoing required contractual payments have been made for an appropriate period. A significant majority of commercial mortgage s in the portfolio are non-recourse loans and, accordingly, the only guarantees are for specific items that are exceptions to t he non-recourse provisions. It is therefore extremely rare for us to have cause to enforce the provisions of a guarantee on a commercial real estate or mortgage loan.
Reinsurance	In the ordinary course of business, our insurance companies may use both treaty and facultative reinsurance to minimize their net loss exposure to any single catastrophic loss event or to an accumulation of losses from a number of smaller events or to provide greater diversification of our businesses. In addition, our general insurance subsidiaries assume reinsurance from other insurance companies. We determine the portion of the incurred but not reported (IBNR) loss that will b e recoverable under our reinsurance contracts by reference to the terms of the reinsurance protection purchased. This determination is necessarily based on the estimate of IBNR and accordingly, is subject to the same uncertainties as the estimate of IBN R. Reinsurance assets include the balances due from reinsurance and insurance companies under the terms of our reinsurance agreements for paid and unpaid losses and loss adjustment expenses incurred, ceded unearned premiums and ceded future policy benefits fo r life and accident and health insurance contracts and benefits paid and unpaid. Amounts related to paid and unpaid losses and benefits and loss expenses with respect to these reinsurance agreements are substantially collateralized. We remain liable to the extent that our reinsurers do not meet their obligation under the reinsurance contracts, and as such, we regularly evaluate the financial condition of our reinsurers and monitor concentration of our credit risk. The estimation of the allowance for doubtfu l accounts requires judgment for which key inputs typically include historical trends regarding uncollectible balances, disputes and credit events as well as specific reviews of balances in dispute or subject to credit impairment. The allowance for doubtfu l accounts on reinsurance assets was $ 187 million and $ 207 million at December 31, 2017 and 2016 , respectively. Changes in the allowance for doubtful accounts on reinsurance asse ts are reflected in Policyholder benefits and losses incurred within the Consolidated Statements of Income. Short-Duration Reinsurance Short-duration reinsurance is effected under reinsurance treaties and by negotiation on individual risks. Certain of these reinsurance arrangements consist of excess of loss contracts that protect us against losses above stipulated amounts. Ceded premiums are considered prepaid reinsurance premiums and are recognized as a reduction of premiums earned o ver the contract period in proportion to the protection received. Amounts recoverable from reinsurers on short-duration contracts are estimated in a manner consistent with the claims liabilities associated with the reinsurance and presented as a component of Reinsurance assets. Assumed reinsurance premiums are earned primarily on a pro-rata basis over the terms of the reinsurance contracts and the portion of premiums relating to the unexpired terms of coverage is included in the reserve for unearned premium s. For both ceded and assumed reinsurance, risk transfer requirements must be met for reinsurance accounting to apply. If risk transfer requirements are not met, the contract is accounted for as a deposit, resulting in the recognition of cash flows under t he contract through a deposit asset or liability and not as revenue or expense. To meet risk transfer requirements, a reinsurance contract must include both insurance risk, consisting of both underwriting and timing risk, and a reasonable possibility of a significant loss for the assuming entity. Similar risk transfer criteria are used to determine whether directly written insurance contracts should be accounted for as insurance or as a deposit. Retroactive reinsurance agreements are reinsurance agreements under which our reinsurer agrees to reimburse us as a result of past insurable events. For these agreements, the excess of t he amounts ultimately collectible under the agreement over the consideration paid is recognized as a deferred gain liability and amortized into income over the settlement period of the ceded reserves. The amount of the deferral is recalculated each period based on loss payments and updated estimates. If the consideration paid exceeds the ultimate losses collectible under the agreement, the net loss on the agreement is recognized in income immediately. Ceded loss reserves under retroactive agreements were $13.4 billion and $1.7 billion, and the deferred gain liability was $1.6 billion and $384 million, as of December 31, 2017 and 2016, respectively. The effect on income from amortization of the deferred gain was $316 million, $30 million and $8 million for the years ended December 31, 2017, 2016, and 2015, respectively. Long-Duration Reinsurance Long-duration reinsurance is effected principally under yearly renewable term treaties. The premiums with respect to these treaties are earned over the contract period in proportion to the protection provided. Amounts recoverable from reinsurers on long-duration contracts are estimated in a m anner consistent with the assumptions used for the underlying policy benefits and are presented as a component of Reinsurance assets.
Variable Interest Entity	A variable interest entity (VIE) is a legal entity that does not have sufficient equity at risk to finance its activities without additional subordinated financial support or is structured such that equity investors lack the ability to make significant decisions relating to the entity’s operations through voting rights or do not substantively participate in the gains and losses of the entity. Consolidation of a VIE by its primary beneficiary is not based on majority voting interest, but is based on other criteria discussed below. We enter into various arrangements with 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 co nsolidate a VIE, we evaluate the design of the VIE as well as the related risks the entity was designed to expose the variable interest holders to. The primary beneficiary is the entity that has both (1) the power to direct the activities of the VIE that m ost significantly affect the entity’s economic performance and (2) the obligation to absorb losses or the right to receive benefits that could be potentially significant to the VIE. While also considering these factors, the consolidation conclusion depend s on the breadth of our decision-making ability and our ability to influence activities that significantly affect the economic performance of the VIE.
Deferred Policy Acquisition Costs	Deferred p olicy acquisition costs (DAC) represent those costs that are incremental and directly related to the successful acquisition of new or renewal of existing insurance contracts. We defer incremental costs that result directly from, and are essential to, the acquisition or renewal of an insurance contract. S uch deferred policy acquisition costs generally include agent or broker commissions and bonuses, premium taxes, and medical and inspection fees that would not have been incurred if the insurance contract had not been acquired or renewed. Each cost is analy zed to assess whether it is fully deferrable. We partially defer costs, including certain commissions, when we do not believe that the entire cost is directly related to the acquisition or renewal of insurance contracts. We also defer a portion of employe e total compensation and payroll-related fringe benefits directly related to time spent performing specific acquisition or renewal activities, including costs associated with the time spent on underwriting, policy issuance and processing, and sales force c ontract selling. The amounts deferred are derived based on successful efforts for each distribution channel and/or cost center from which the cost originates. Short-duration insurance contracts: Policy acquisition costs are deferred and amortized over the period in which the related premiums written are earned, generally 12 months. DAC is grouped consistent with the manner in which the insurance contracts are acquired, serviced and measured for profitability and is reviewed for recov erability based on the profitability of the underlying insurance contracts. Investment income is anticipated in assessing the recoverability of DAC. We assess the recoverability of DAC on an annual basis or more frequently if circumstances indicate an impa irment may have occurred. This assessment is performed by comparing recorded net unearned premiums and anticipated investment income on in-force business to the sum of expected losses and loss adjustment expenses incurred, unamortized DAC and maintenance c osts. If the sum of these costs exceeds the amount of recorded net unearned premiums and anticipated investment income, the excess is recognized as an offset against the asset established for DAC. This offset is referred to as a premium deficiency charge. Increases in expected losses and loss adjustment expenses incurred can have a significant impact on the likelihood and amount of a premium deficiency charge. Long-duration insurance contracts : Policy acquisition costs for participating life, traditional l ife and accident and health insurance products are generally deferred and amortized, with interest, over the premium paying period. The assumptions used to calculate the benefit liabilities and DAC for these traditional products are set when a policy is is sued and do not change with changes in actual experience, unless a loss recognition event occurs. These “locked-in” assumptions include mortality, morbidity, persistency, maintenance expenses and investment returns, and include margins for adverse deviatio n to reflect uncertainty given that actual experience might deviate from these assumptions. A loss recognition event occurs when there is a shortfall between the carrying amount of future policy benefit liabilities, net of DAC, and what the future policy benefit liabilities, net of DAC, would be when applying updated current assumptions. When we determine a loss recognition event has occurred, we first reduce any DAC related to that block of business through amortization of acquisition expense, and after DAC is depleted, we record additional liabilities through a charge to Policyholder benefits and losses incurred. Groupings for loss recognition testing are consistent with our manner of acquiring, servicing and measuring the profitability of the business and applied by product groupings. We perform separate loss recognition tests for traditional life products, payout annuities and long-term care products. Once loss recognition has been recorded for a block of business, the old assumption set is replaced and the assumption set used for the loss recognition would then be subject to the lock-in principle. Investment-oriented contracts: Policy acquisition costs and policy issuance costs related to universal life and investment-type products ( collectively, in vestment - oriented products) are deferred and amortized, with interest, in relation to the incidence of estimated gross profits to be realized over the estimated lives of the contracts. Estimated gross profits include net in vestment income and spreads , net r ealized capital gains and losses, fees, surrender charges, expenses, and mortality gains and losses. In each reporting period, current period amortization expense is adjusted to reflect actual gross profits. If estimated gross profits change significantly , DAC is recalculated using the new assumptions , and a ny resulting adjustment is included in income. If the new assumptions indicate that future estimated gross profits are higher than previously estimated, DAC will be increased resulting in a decrease in amortization expense and increase in income in the current period; if future estimated gross profits are lower than previously estimated, DAC will be decreased resulting in an increase in amortization expense and decrease in income in the current period. U pdating such assumptions may result in acceleration of amortization in some products and deceleration of amortization in other products. DAC is grouped consistent with the manner in which the insurance contracts are acquired, serviced and measured for prof itability and is reviewed for recoverability based on the current and projected future profitability of the underlying insurance contracts. To estimate future estimated gross profits for variable annuity products , a long-term annual asset growth assumption is applied to determine the future growth in assets and related asset-based fees. In determining the asset growth rate, the effect of short-term fluctuations in the equity markets is partially mitigated through the use of a “reversion to the mean” method ology whereby short-term asset growth above or below long-term annual rate assumptions impact s the growth assumption applied to the five- year period subsequent to the current balance sheet date. The reversion to the mean methodology allows us to maintain ou r long-term growth assumptions, while also giving consideration to the effect of actual investment performance. When actual performance significantly deviates from the annual long-term growth assumption , as evidenced by growth assumptions in the five -year reversion to the mean period falling below a certain rate (floor) or above a certain rate (cap) for a sustain ed period, judgment may be applied to revise or “unlock” the growth rate assumptions to be used for both the five -year reversion to the mean perio d as well as the long-term annual growth assumption applied to subsequent periods. Shadow DAC and Shadow Loss Recognition: DAC related to investment-oriented products is also adjusted to reflect the effect of unrealized gains or losses on fixed maturity and equity securities available for sale on estimated gross profits, with related changes recognized through Other comprehensive income (shadow DAC). The adjustment is made at each balance sheet date, as if the securities had been sold at their stated agg regate fair value and the proceeds reinvested at current yields. Similarly, for long-duration traditional insurance contracts, if the assets supporting the l iabilities are in a net unrealized gain position at the balance sheet date, loss recognition testi ng assumptions are updated to exclude such gains from future cash flows by reflecting the impact of reinvestment rates on future yields. If a future loss is anticipated under this basis, any additional shortfall indicated by loss recognition tests is reco gnized as a reduction in accumulated other comprehensive income (shadow loss recognition). Similar to other loss recognition on long-duration insurance contracts, such shortfall is first reflected as a reduction in DAC and secondly as an increase in liabi lities for future policy benefits. The change in these adjustments, net of tax, is included with the change in net unrealized appreciation of investments that is credited or charged directly to Other comprehensive income. Internal Replacements of Long-dur ation and Investment-oriented Products: For some products, policyholders can elect to modify product benefits, features, rights or coverages by exchanging a contract for a new contract or by amendment, endorsement, or rider to a contract, or by the electi on of a feature or coverage within a contract. These transactions are known as internal replacements. If the modification does not substantially change the contract, we do not change the accounting and amortization of existing DAC and related actuarial ba lances. If an internal replacement represents a substantial change, the original contract is considered to be extinguished and any related DAC or other policy balances ar e charged or credited to income, and any new deferrable costs associated with the rep lacement contract are deferred. Value of Business Acquired (VOBA ) is determined at the time of acquisition and is reported in the Consolidated Balance Sheet s with DAC. This value is based on the present value of future pre-tax profits discounted at yields applicable at the time of purchase. For participating life, traditional life and accident and health insurance products, VOBA is amortized over the life of the business in a manner similar to that for DAC based on the assumptions at purchase. For investmen t - oriented products, VOBA is amortized in relation to estimated gross profits and adjusted for the effect of unrealized gains or losses on fixed maturity and equity securities available for sale in a manner similar to DAC .
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. 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 mitig ate 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 addition 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 . Interest rate, currency, equity and commodity swa ps, credit contracts , swaptions, options and forward transactions are accounted for as derivatives , recorded on a trade-date basis and carried at fair value. Unrealized gains and losses are reflected in income, when appropriate. Aggregate asset or liability positions are netted on the Consolidated Balance Sheet s only to the extent permitted by qualifying master netting arrangements in place with each respective counterparty. Cash collateral posted with counterparties in conjunction with tr ansactions supported by qualifying master netting arrangements is reported as a reduction of the corresponding net derivative liability, while cash collateral received in conjunction with transactions supported by qualifying master netting arrangements is reported as a reduction of the corresponding net derivative asset. D erivatives, with the exception of embedded derivatives, are reported at fair value in the Consolidated Balance Sheets in Other assets and Other liabiliti es . Embedded derivatives are genera lly presented with the host contract in the Consolidated Balance Sheets . A bifurcated embedded derivative is measured at fair value and accounted for in the same manner as a free standing derivative contract. The corresponding host contract is accounted fo r according to the accounting guidance applicable f or that instrument. For additional information on embedded deri vatives see Notes 5 and 14 herein.
Liability for unpaid claims and claims adjustment expense	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 and loss adjustment expenses (IBNR), less applicable discount. We regularly review and update the methods used to determine loss reserve est imates. 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 ch anges in trends to be recognized and confirmed. Reserve changes that increase previous estimates of ultimate cost are referred to as unfavorable or adverse development or reserve strengthening. Reserve changes that decrease previous estimates of ultimate c ost are referred to as favorable development.
Future policy benefits for life and accident and health insurance contracts and policyholder contract deposits	Pol icyholder Contract Deposits The liability for Policyholder contract deposits is primarily recorded at accumulated value (deposits received and net transfers from separate accounts, plus accrued interest credited at rates ranging from 0.2 percent to 9.0 pe rcent at December 31, 2017 , less withdrawals and assessed fees). Deposits collected on investment-oriented products are not reflected as revenues, because they are recorded directly to Policyholder contract deposits upon receipt. Amounts assessed against the contract holders for mortality, administrative, and other services are included in revenues. In addition to liabilities for universal life, fixed annuities, fixed options within variable annuities, annuities without life contingencies, funding agreeme nts and GICs, p olicyholder contract deposits also include our liability for (a) certain guarantee d benefits and indexed features accounted for as embedded derivatives at fair value, (b) annuities issued in a structured settlement arrangement with no life c ontingency and (c) certain contracts we have elected to account for at fair value. For additional information on guaranteed benefits accounted for as embedded derivatives see Note 14 herein. For universal life policies with secondary guarant ees, we recognize certain liabilities in addition to policyholder account balances. For universal life policies with secondary guarantees, as well as other universal life policies for which profits followed by losses are expected at contract inception, a liability is recognized based on a benefit ratio of (a) the present value of total expected payments, in excess of the account value, over the life of the contract, divided by (b) the present value of total expected assessments over the life of the contrac t. For universal life policies without secondary guarantees, for which profits followed by losses are first expected after contract inception, we establish a liability, in addition to policyholder account balances, so that expected future losses are recog nized in proportion to the emergence of profits in the earlier (profitable) years. Universal life account balances as well as these additional liabilities related to universal life products are reported within Policyholder contract deposits in the Consoli dated Balance Sheet. These additional liabilities are also adjusted to reflect the ef fect of unrealized gains or losses on fixed maturity and equity securities available for sale on accumulated assessments, with related changes recognized through Other com prehensive income. Future Policy Benefits Future policy benefits primarily include reserves for traditional life and annuity payout contracts, which represent an estimate of the present value of future benefits less the present value of future net premiums. Included in Future policy benefits are liabilities for annuities issued in structured settlement arrangements w hereby a claimant has agreed to settle a general insurance claim in exchange for fixed payments over a fixed determinable period of time with a life contingency feature. In addition, reserves for contracts in loss recognition are adjusted to reflect the ef fect of unrealized gains on fixed maturity and equity securities available for sale, with related changes recognized through Other comprehensive income. Future policy benefits also include certain guaranteed benefits of variable annuity products that are not considered embedded derivatives, primarily guaranteed minimum death benefits. For additional information on guaranteed minimum death benefits see Note 14 . The liability for long-duration future policy benefits has been established inclu ding assumptions for interest rates which vary by year of issuance and product, and range from approximately 0.1 percent to 14 percent. Mortality and surrender rate assumptions are generally based on actual experience when the liability is established. Other Policyholder Funds Other policyholder funds include unearned revenue reserves (URR). URR consist of front-end loads on investment-oriented contracts, representing those policy loads that are non-level and typically higher in initial policy years than in later policy years. URR for investment-oriented contracts are generally deferred and amortized, with interest, in relation to the incidence of estimated gross profits (EGPs) to be realized over the estimated lives of the contracts and are subject t o the same adjustments due to changes in the assumptions underlying EGPs as DAC. Amortization of URR is recorded in Policy fees. Similar to Shadow DAC, URR related to investment-oriented products is also adjusted to reflect the effect of unrealized gains or losses on fixed maturity and equi ty securities available for sale on estimated gross profits , with related changes recognized through Other comprehensive income (shadow URR). Other policyholder funds also include provisions for future dividends to parti cipating policyholders, accrued in accordance with all applicable regulatory or contractual provisions. Participating life business represented approximately 1.9 percent of gross insurance in force at December 31, 2017 and 1.8 percent of gross domestic premiums and other considerations in 2017 . The amount of annual dividends to be paid is approved locally by the boards of directors of the Life and Retirement companies. Provisions for futur e dividend payments are computed by jurisdiction, reflecting local regulations. The portions of current and prior net income and of current unrealized appreciation of investments that can inure to our benefit are restricted in some cases by the insurance c ontracts and by the local insurance regulations of the jurisdictions in which the policies are in force. Certain products are subject to experience adjustments. These include group life and group medical products, credit life contracts, accident and health insurance contracts/riders attached to life policies and, to a limited extent, reinsurance agreements with other direct insurers. Ultimate premiums from these contracts are estimated and recognized as revenue with the unearned portions of the premiums rec orded as liabilities in Other policyholder funds. Experience adjustments vary according to the type of contract and the territory in which the policy is in force and are subject to local regulatory guidance.
Debt	Our long-term debt is denominated in various currencies, with both fixed and variable interest rates. Long-term debt is carried at the principal amount borrowed, including unamortized discounts , hedge accounting valuation adjustments and fair value adjustments, when applicable.
Noncontrolling Interests	Non-redeemable noncontrolling interest is the portion of equity (net assets) in a subsidiary not attributable, directly or indirectly, to a parent.
Earnings Per Share	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 potential common shares outstanding and adjusted to reflect all stock dividends and stock splits.
Income Taxes	Assessment of Deferred Tax Asset Valuation Allowance The evaluation of the recoverability of our deferred tax asset and the need for a valuation allowance requires us to weigh all positive and negative evidence to reach a conclusion that it is more likely than not that all or some portion of the deferred tax asset will not be realized. The weight given to the evidence is commensurate with the extent to which it can be objectively verified. The more negative evidence that exists, the more positive evidence is necessary and the more difficult it is to support a conclusion that a valuation allowance is not needed. Our framework for assessing the recoverability of the deferred tax asset requires us to consider all available evidence, including: the nature, freq uency, and amount of cumulative financial reporting income and losses in recent years; the sustainability of recent operating profitability of our subsidiaries; the predictability of future operating profitability of the character necessary to realize the net deferred tax asset; the carryforward period for the net operating loss, capital loss and foreign tax credit carryforwards, including the effect of reversing taxable temporary differences; and prudent and feasible actions and tax planning strategies tha t would be implemented, if necessary, to protect against the loss of the deferred 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 operat ing loss, capital loss and foreign tax credit carryforwards in each applicable 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 carr yforward period for the foreign tax credit is shorter than for the net operating 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 offs et 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 net operating loss and foreign tax credit carryforwards concurrently which enables us to realize our tax attributes prior to expiration. As of December 31, 2017 , based on all available evidence, it is more likely than not that the U.S. net operating 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, inclu ding income generated from prudent and feasible actions and tax planning 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 condition or results of operations for an individual reporting period.
Revenues and expenses	Premiums for short-duration contracts are recorded as written on the inception date of the policy. Premiums are earned primarily on a pro rata basis over the term of the related coverage. Sales of extended services contracts are reflected as premiums written and e arned on a pro rata basis over the term of the related coverage. In addition, certain miscellaneous income is included as premiums written and earned. The reserve for unearned premiums includes the portion of premiums written relating to the unexpired ter ms of coverage. Reinsurance premiums are typically earned over the same period as the underlying policies or risks covered by the contract. As a result, the earnings pattern of a reinsurance contract may extend up to 24 months, reflec ting the inception dates of the underlying policies throughout the year. Reinsurance premiums ceded under prospective reinsurance agreements are recognized as a reduction in revenues over the period the reinsurance coverage is provided in proportion to the risks to which the premiums relate. Prem iums for long-duration insurance products and life contingent annuities are recognized as revenues when due. Estimates for premiums due but not yet collected are accrued. Policy fees represent fees recognized from universal life and investment-type produc ts consisting of policy charges for the cost of insurance, policy administration charges, surrender charges and amortization of unearned revenue reserves. Policy fees are recognized as revenues in the period in which they are assessed against policyholders , unless the fees are designed to compensate AIG for services to be provided in the future. Fees deferred as unearned revenue are amortized in relation to the incidence of expected gross profits to be realized over the estimated lives of the contracts, si milar to DAC. Other income includes advisory fee income from the Life and Retirement broker dealer business, as well as legal recoveries of $ 27 million, $ 44 million and $ 94 million from leg acy crisis and other matters in 2017 , 2016 and 2015 , respectively. Other income from our Other Operations category consists of the following: Changes in fair value relating to financial assets and liabilities for which the fa ir value option has been elected. Interest income and related expenses, including amortization of premiums and accretion of discounts on bonds with changes in the timing and the amount of expected principal and interest cash flows reflected in the yield, a s applicable. Dividend income from common and preferred stock and earnings distributions from other investments. Changes in the fair value of other securities sold but not yet purchased, futures, hybrid financial instruments, securities purchased under agr eements to resell, and securities sold under agreements to repurchase. Income earned on real estate based investments and related realized gains and losses from sales, property level impairments and financing costs. Exchange gains and losses resulting from foreign currency transactions. Earnings from private equity funds and hedge fund investments accounted for under the equity method. Changes in the fair value of derivatives at AIG Financial Products Corp. and related subsidiaries (collectively AIGFP).
Cash	Cas h represents cash on hand and non-interest-bearing demand deposits.
Premiums and other receivables - net	Premiums and other receivables – net of allowance include premium balances receivable, amounts due from agents and brokers and policyholders, trade receivables for the Direct Investment book (DIB) and Global Capital Markets (GCM) and other receivables. Trade receivables for GCM include cash collateral posted to derivative counterparties that is not eligible to be netted against derivative liabilities. The allowance for doubtful accounts on premiums and other receivables was $ 236 million and $ 279 million at December 31, 2017 and 2016 , respectively.
Other assets	Other assets consist of sales inducement assets, prepaid expenses, deposits, other deferred charges, real estate, other fixed assets, capitalized software costs, goodwill, intangible assets other than goodwill, restricted cash and derivative assets. We offer sales inducements which include enhanced crediting rates or bonus payments to co ntract holders (bonus interest) on certain annuity and investment contract products. Sales inducements provided to the contract holder are recognized in Policyholder contract deposits in the Consolidated Balance Sheets. Such amounts are deferred and amorti zed over the life of the contract using the same methodology and assumptions used to amortize DAC (see Note 9 herein) . To qualify for such accounting treatment, the bonus interest must be explicitly identified in the contract at inception. We must als o demonstrate that such amounts are incremental to amounts we credit on similar contracts without bonus interest, and are higher than the contract’s expected ongoing crediting rates for periods after the bonus period. The deferred bonus interest and other deferred sales inducement assets totaled $ 738 million and $ 808 million at December 31, 2017 and 2016 , respectively. The amortization expense associated with these assets is reported within Intere st credited to policyholder account balances in the Consolidated Statements of Income. Such amortization expense totaled $ 94 million, $ 77 million and $ 88 million for the years ended December 31, 2017 , 2016 and 2015 , respectively. The cost of buildings and furniture and equipment is depreciated principally on the straight-line basis over their estimated useful lives (maximum of 40 years for buildings and 10 years for furniture and equipment). Expenditures for maintenance and repairs are charged to income as incurred and expenditures for improvements are capitalized and depreciated. We periodically a ssess the carrying amount of our real estate for purposes of determining any asset impairment. Capitalized software costs, which represent costs directly related to obtaining, developing or upgrading internal use software, are capitalized and amortized usi ng the straight-line method over a period generally not exceeding five years. Real estate, fixed assets and other long-lived assets are assessed for impairment when impairment indicators exist.
Goodwill	Goodwill represents the future economic benefits arising from assets acquired in a business combination that are not individually identified and separately recognized. Goodwill is tested for impairment annually or more frequently if circumstances indicate an impairment may have occurred. At December 31, 2017, as a result of the 2017 segment changes, goodwill is reported within our General Insurance business – North America and International operating segments, our Life and Retirement business – Life Insurance operating segment and our Other Operations and Legacy Portfolio operating segments. When a business is transferred from one reporting unit to another, as occurred as part of the 2017 segment changes, goodwill from the original ope rating segment is allocated among reporting units based on the fair value of business transferred, relative to business retained by a reporting unit. As a result, at December 31, 2017, $1.3 billion of goodwill was re-allocated to the General Insurance – North America and General Insurance – International operating segments based on their respective fair values. The impairment assessment involves an option to first assess qualitative factors to determine whether events or circumstances exist that lead to a deter mination that it is more likely than not that the fair value of an operating segment is less than its carrying amount. If the qualitative assessment is not performed, or after assessing the totality of the events or circumstances, we determine it is more l ikely than not that the fair value of an operating segment is less than its carrying amount, the impairment assessment involves a two-step process in which a quantitative assessment for potential impairment is performed. If the qualitative test is not per formed or if the test indicates a potential impairment is present, we estimate the fair value of each operating segment and compare the estimated fair value with the carrying amount of the operating segment, including allocated goodwill. The estimate of an operating segment’s fair value involves management judgment and is based on one or a combination of approaches including discounted expected future cash flows, market -based earnings multiples of the unit’s peer companies, external appraisals or, in the ca se of reporting units being considered for sale, third -party indications of fair value, if available. We consider one or more of these estimates when determining the fair value of an operating segment to be used in the impairment test. If the estimated fai r value of an operating segment exceeds its carrying amount, goodwill is not impaired. If the carrying value of an operating segment exceeds its estimated fair value, goodwill associated with that operating segment potentially is impaired. The amount of i mpairment, if any, is measured as the excess of the carrying value of the goodwill over the implied fair value of the goodwill. The implied fair value of the goodwill is measured as the excess of the fair value of the operating segment over the amounts tha t would be assigned to the operating segment’s assets and liabilities in a hypothetical business combination. An impairment charge is recognized in earnings to the extent of the excess of carrying value over fair value. Goodwill was not impaired at Dece mber 31, 2017 based on the results of the goodwill impairment test. The following table presents the changes in goodwill by operating segment: North Life Other Legacy (in millions) America International Insurance Operations Portfolio Total Balance at January 1, 2015: Goodwill - gross $ 1,834 $ 2,887 $ 21 $ 7 $ 182 $ 4,931 Accumulated impairments (1,264) (2,136) - - (77) (3,477) Net goodwill 570 751 21 7 105 1,454 Increase (decrease) due to: Acquisition 50 46 55 20 37 208 Other - (50) 1 - - (49) Balance at December 31, 2015: Goodwill - gross 1,884 2,883 77 27 219 5,090 Accumulated impairments (1,264) (2,136) - - (77) (3,477) Net goodwill 620 747 77 27 142 1,613 Increase (decrease) due to: Dispositions (6) (6) - - - (12) Other - (70) - - (3) (73) Balance at December 31, 2016: Goodwill - gross 1,878 2,807 77 27 216 5,005 Accumulated impairments (1,264) (2,136) - - (77) (3,477) Net goodwill 614 671 77 27 139 1,528 Increase (decrease) due to: Acquisition - - - 4 - 4 Dispositions (10) (7) (6) - (2) (25) Other - 74 13 - - 87 Balance at December 31, 2017: Goodwill - gross 1,868 2,874 84 31 214 5,071 Accumulated impairments (1,264) (2,136) - - (77) (3,477) Net goodwill $ 604 $ 738 $ 84 $ 31 $ 137 $ 1,594
Separate accounts	Separate accounts represent funds for which investment income and investment gains and losses accrue directly to the policyholders who bear the investment risk. Each account has specific investment objectives and the assets are carried at fair value. The assets of each account are legally segregated and are not subject to claims that arise from any of our other businesses. The liabilities for these accounts are equal to the account assets. Separate accounts may also include deposits for funds held under st able value wrap funding agreements, although the majority of stable value wrap sales are measured based on the notional amount included in assets under management and do not include the receipt of funds. For a more detailed discussion of separate accou nts see Note 14 herein .
Long-Duration Contracts	We report variable contracts within the separate accounts when investment income and investment gains and losses accrue directly to, and investment risk is borne by, the contract holder and the separate account meets additional accounting criteria to qualify for separate account treatment. The assets supporting the variable portion of variable annuity and variable universal life contracts that qualify for separate account treatment are carried at fair value and reported as Separate account assets, with an equivalent summary total reported as Separate account liabilities. Policy values for variable products and investment contracts are expressed in terms of investment units. Each unit is linked to an asset portfolio. The value of a unit increases or decreases based on the value of the linked asset portfolio. The current liability at any time is the sum of the current unit value of all investment units in the separate accounts, plus any liabilities for guaranteed minimum death benefits or guaranteed minimum withdrawal benefits included in Future policy benefits or Policyholder contract deposits, respectively. Amounts assessed against the contract holders for mortality, administrative and other servic es are included in revenue. Net investment income, net investment gains and losses, changes in fair value of assets, and policyholder account deposits and withdrawals related to separate accounts are excluded from the Consolidated Statements of Income, Com prehensive Income (Loss) and Cash Flows.
Other liabilities	Other liabilities consist of other funds on deposit, other payables, securities sold under agreements to repurchase, securities sold but not yet purchased, derivative liabilities and deferred gains on retroactive reinsurance agreements . We have entered into certain insurance a nd reinsurance contracts, primarily in our General Insurance companies, that do not contain sufficient insurance risk to be accounted for as insurance or reinsurance. Accordingly, the premiums received on such contracts, after deduction for certain related expenses, are recorded as deposits within Other liabilities in the Consolidated Balance Sheets. Net proceeds of these deposits are invested and generate Net investment income. As amounts are paid, consistent with the underlying contracts, the deposit liab ility is reduced. Also included in Other liabilities are trade payables for the DIB and GCM, which include option premiums received and payables to counterparties that relate to unrealized gains and losses on futures, forwards, and options and balances due to clearing brokers and exchanges. Trade payables for GCM also include cash collateral received from derivative counterparties that contractually cannot be netted against derivative assets. Securities sold but not yet purchased represent sales of securiti es not owned at the time of sale. The obligations arising from such transactions are recorded on a trade-date basis and carried at fair value. Fair values of securities sold but not yet purchased are based on current market prices.
Foreign currency	Foreign currency: Fin ancial statement accounts expressed in foreign currencies are translated into U.S. dollars. Functional currency assets and liabilities are translated into U.S. dollars generally using rates of exchange prevailing at the balance sheet date of each respectiv e subsidiary and the related translation adjustments are recorded as a separate component of Accumulated other comprehensive income, net of any related taxes, in Total AIG shareholders’ equity. Income statement accounts expressed in functional currencies a re translated using average exchange rates during the period. Functional currencies are generally the currencies of the local operating environment. Financial statement accounts expressed in currencies other than the functional currency of a consolidated e ntity are remeasured into that entity’s functional currency resulting in exchange gains or losses recorded in income. The adjustments resulting from translation of financial statements of foreign entities operating in highly inflationary economies are reco rded in income.
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, financial 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 will 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 the standard, there are no m aterial changes in the timing or measurement of revenues based upon the guidance. As substantially all of our revenue sources are excluded from the scope of the standard, the adoption of the standard will not have a material effect on our reported consoli dated financial 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 tha t 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 subsequent 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 t his standard on its effective date of January 1, 2018 using the modified retrospective approach. Based on our review, substantially all of our assets and liabilities are not within the scope of the standard. The adoption of the standard will not have a ma terial effect on our reported consolidated 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 and 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 of 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 consolidated financial condition, results of operations, cash flows or required disclosures. Financial Instruments - Credit Losses In June 2016, the FASB issued an accoun ting 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 expos ures. 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 rat her than 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 co ntinuing 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 allowances 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 economi c conditions 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 the statement of cash flows. The amendments provide clarity on the treatment of eight specifically defined types of cash inflows and outflows. We will adopt this standard retrospectively on its effective date of January 1, 2018 . The standard addresses presentation in the statement 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 iss ued an accounting standard that 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 will adopt the s tandard on its effective date of January 1, 2018 using a modified retrospective approach. The adoption of this standard will not have a material impact on our reported consolidated financial condition, results of operations, cash flows or required disclos ures. Restricted Cash In November 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 equivalents, and amounts generally described as restricted cash or restricted cash equivalents in the statement of cash flows. We will adopt the standard retrospectively on its effective date of January 1, 2018. The standard addresse s presentation of restricted 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. 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 goodwill impairment charge. Instead, entities will record an impairment char ge 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 consider income tax effects from tax deductible goodwill on the carrying am ount of the reporting unit when measuring the goodwill impairment loss, if applicable. The standard is effective on January 1, 2020, with early adoption permitted. We are evaluating the timing of our adoption. Any 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 February 2017, the FASB issued an accounting standard that clarifies the scope of the derecognition guidanc e for the sale, transfer and derecognition of non-financial assets to noncustomers that aligns with the new revenue recognition principles. The standard also adds new accounting for partial sales of nonfinancial assets (including in substance real estate) that requires an entity to derecognize a nonfinancial asset when it 1) ceases to have a controlling financial interest in the legal entity that holds the asset based on the consolidation model and 2) transfers control of the asset based on the revenue rec ognition model. We will adopt t his standard on its effective date of January 1, 2018 under the modified retrospective approach. Based on our evaluatio n, we do not expect the standard to have a material impact on our reported consolidated financial conditio n, result s of operations, cash flows or required disclosures. Improving the Presentation of Net Periodic Pension and Postretirement Benefit Cost In March 2017, the FASB issued an accounting standard that requires entities to report the service cost compone nt 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 presented in the income statement. The amendments also allow only the service cost component to be eligible for capitalization when applicable. We will adopt this standard on its effective date of January 1, 2018. The standard primarily addres ses the presentation of the service cost component of net periodic benefit costs in the income statement. AIG’s U.S. pension plans are frozen and no longer accrue benefits, which are reflected as service costs. Therefore, the standard will have no material effect on our reported consolidated financial condition, results of operations, cash flows or required disclosures. Premium Amortization on Purchased Callable Debt Securities In March 2017, the FASB issued an accounting standard that shortens the amortiza tion 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 reported consolidated financial condition, results of operations, cash flows or required disclo sures. 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 conditions 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 consolidated financial condition, results of operations, cash flows or required disclosures. Derivatives and Hedging In August 2017, the 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 entit y’s risk management activities, enhance the transparency on how the economic results are presented in the financial statements and the footnote, and simplify the 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. Reclassification of Certain Tax E ffects from Accumulated Other Comprehensive Income In February 2018, the FASB issued an accounting standard that allows the optional reclassification of stranded tax effects within accumulated other comprehensive income to retained earnings that arise due to the enactment of the Tax Cuts and Jobs Act of 2017 (Tax Act). The amount of the reclassification would reflect the effect of the change in the U.S. federal corporate income tax rate on the gross deferred tax amounts and related valuation allowances, if any, at the date of enactment of the Tax Act and other income tax effects of the Tax Act on items remaining in accumulated other comprehensive income. We plan to early adopt the standard using a retrospective approach effective January 1, 2018. For more i nformation on the adoption of the Tax Act, see Note 23.
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 F inancial 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-designat ion 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 consolid ated financial condition, results of operations 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 tha t 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 conside r whether (1) the amount paid upon settlement 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 exercisable. 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 wh ich the investment had been held. 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. Interest Held through Related Parties that are under 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 ne w 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 characteristics 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, r esults of operations or cash flows. Clarifying the Definition of a Business In January 2017, the FASB issued an accounting standard 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 transfer red assets and activities is not a business. At a minimum, a set must include an input and a substantive process that together significantly contribute to the ability to create output. We adopted the standard on October 1, 2017. The impact of the standa rd is primarily related to our investments in real estate. As a result of the adoption, we anticipate that future acquisitions of certain real estate investments will no longer meet the definition of a business and will be treated as asset acquisitions. As a result, no goodwill would be recognized from these investments and certain costs can be capitalized as part of asset acquisitions. The adoption of this standard did not have a material effect on our consolidated financial condition, results of operat ions or cash flows.

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2017
SEGMENT INFORMATION
Schedule of continuing operations by reportable segment	Net Adjusted Total Investment Interest Amortization Pre-Tax (in millions) Revenues Income Expense of DAC Income (Loss) 2017 General Insurance North America $ 14,600 $ 3,145 $ 31 $ 1,305 $ (232) International 15,094 523 (9) 2,460 (581) Total General Insurance 29,694 3,668 22 3,765 (813) Life and Retirement Individual Retirement 5,514 4,013 58 415 2,289 Group Retirement 2,848 2,164 32 84 1,004 Life Insurance 4,056 1,044 13 239 274 Institutional Markets 3,168 595 6 5 264 Total Life and Retirement 15,586 7,816 109 743 3,831 Other Operations 1,413 53 968 (9) (1,405) Legacy Portfolio 4,391 2,776 122 76 1,470 AIG Consolidation and elimination (308) (280) (53) 4 75 Total AIG Consolidated adjusted revenues and adjusted pre-tax income $ 50,776 $ 14,033 $ 1,168 $ 4,579 $ 3,158 Reconciling Items from adjusted pre-tax income to pre-tax income (loss): Changes in fair value of securities used to hedge guaranteed living benefits 146 146 - - 146 Changes in benefit reserves and DAC, VOBA and SIA related to net realized capital gains - - - (291) 303 Other income (expense) - net (49) - - - - Gain on extinguishment of debt - - - - 5 Net realized capital losses (1,380) - - - (1,380) Income from divested businesses - - - - 68 Non-operating litigation reserves and settlements 27 - - - 129 (Unfavorable) favorable prior year development and related amortization changes ceded under retroactive reinsurance agreements - - - - (303) Net loss reserve discount (benefit) charge - - - - (187) Pension expense related to a one-time lump sum payment to former employees - - - - (60) Restructuring and other costs - - - - (413) Revenues and Pre-tax income $ 49,520 $ 14,179 $ 1,168 $ 4,288 $ 1,466 2016 General Insurance North America $ 17,005 $ 3,041 $ 28 $ 1,444 $ (2,399) International 16,135 513 - 2,677 348 Total General Insurance 33,140 3,554 28 4,121 (2,051) Life and Retirement Individual Retirement 5,758 3,878 50 298 2,269 Group Retirement 2,769 2,146 26 129 931 Life Insurance 3,818 1,035 12 182 (37) Institutional Markets 1,433 563 4 4 265 Total Life and Retirement 13,778 7,622 92 613 3,428 Other Operations 2,517 207 978 72 (1,011) Legacy Portfolio 5,250 2,913 282 108 1,007 AIG Consolidation and elimination (494) (351) (120) (117) 42 Total AIG Consolidated adjusted revenues and adjusted pre-tax income $ 54,191 $ 13,945 $ 1,260 $ 4,797 $ 1,415 Reconciling Items from adjusted pre-tax income to pre-tax income: Changes in fair value of securities used to hedge guaranteed living benefits 120 120 - - 120 Changes in benefit reserves and DAC, VOBA and SIA related to net realized capital gains - - - (276) 195 Other income (expense) - net (44) - - - - Loss on extinguishment of debt - - - - (74) Net realized capital losses (1,944) - - - (1,944) Loss from divested businesses - - - - 545 Non-operating litigation reserves and settlements 44 - - - 41 (Unfavorable) favorable prior year development and related amortization changes ceded under retroactive reinsurance agreements - - - - 42 Net loss reserve discount (benefit) charge - - - - 427 Pension expense related to a one-time lump sum payment to former employees - - - - (147) Restructuring and other costs - - - - (694) Revenues and Pre-tax income $ 52,367 $ 14,065 $ 1,260 $ 4,521 $ (74) 2015 General Insurance North America $ 18,482 $ 3,196 $ 13 $ 1,699 $ 558 International 16,186 550 - 2,620 70 Total General Insurance 34,668 3,746 13 4,319 628 Life and Retirement Individual Retirement 6,450 3,805 27 431 1,812 Group Retirement 2,834 2,192 15 50 1,100 Life Insurance 3,771 1,034 7 311 (51) Institutional Markets 2,267 510 3 2 263 Total Life and Retirement 15,322 7,541 52 794 3,124 Other Operations 2,326 196 1,027 47 (825) Legacy Portfolio 5,771 2,928 292 102 1,133 AIG Consolidation and elimination (496) (315) (103) (26) (76) Total AIG Consolidated adjusted revenues and adjusted pre-tax income $ 57,591 $ 14,096 $ 1,281 $ 5,236 $ 3,984 Reconciling Items from adjusted pre-tax income to pre-tax income: Changes in fair value of securities used to hedge guaranteed living benefits (43) (43) - - (43) Changes in benefit reserves and DAC, VOBA and SIA related to net realized capital gains - - - - (15) Other income (expense) - net (43) - - - - Loss on extinguishment of debt - - - - (756) Net realized capital gains 776 - - - 776 Loss from divested businesses (48) - - - (59) Non-operating litigation reserves and settlements 94 - - - 82 (Unfavorable) favorable prior year development and related amortization changes ceded under retroactive reinsurance agreements - - - - (263) Net loss reserve discount (benefit) charge - - - - 71 Restructuring and other costs - - - - (496) Revenues and Pre-tax income $ 58,327 $ 14,053 $ 1,281 $ 5,236 $ 3,281
Schedule of year-end identifiable assets and capital expenditures by reportable segment	Year-End Identifiable Assets Capital Expenditures (in millions) 2017 2016 2017 2016 General Insurance companies $ 114,841 $ 118,287 $ 239 $ 685 Life and Retirement companies 289,457 269,813 88 85 Other 105,425 122,016 156 349 AIG Consolidation and Elimination (11,422) (11,852) - - Total Assets $ 498,301 $ 498,264 $ 483 $ 1,119
Schedule of entity's consolidated operations and long-lived assets by major geographic area	Real Estate and Other Fixed Assets, Total Revenues * Net of Accumulated Depreciation (in millions) 2017 2016 2015 2017 2016 2015 North America $ 34,149 $ 36,871 $ 41,680 $ 1,630 $ 1,326 $ 1,819 International 15,371 15,496 16,647 892 1,334 1,316 Consolidated $ 49,520 $ 52,367 $ 58,327 $ 2,522 $ 2,660 $ 3,135 * Revenues are generally reported according to the geographic location of the reporting unit . International revenues consists of revenues from our General Insurance International operating segment.

HELD-FOR-SALE CLASSIFICATION (T

HELD-FOR-SALE CLASSIFICATION (Tables)	12 Months Ended
	Dec. 31, 2017
HELD-FOR-SALE CLASSIFICATION
Summary of assets and liabilities held for sale	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 Long-term debt - Other liabilities 450 Total liabilities held for sale $ 6,106

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 2017
FAIR VALUE MEASUREMENTS
Assets and liabilities measured at fair value on a recurring basis	December 31, 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 $ 201 $ 2,455 $ - $ - $ - $ 2,656 Obligations of states, municipalities and political subdivisions - 16,240 2,404 - - 18,644 Non-U.S. governments 20 15,631 8 - - 15,659 Corporate debt - 133,003 1,173 - - 134,176 RMBS - 21,098 16,136 - - 37,234 CMBS - 13,217 624 - - 13,841 CDO/ABS - 8,131 8,651 - - 16,782 Total bonds available for sale 221 209,775 28,996 - - 238,992 Other bond securities: U.S. government and government sponsored entities 238 2,564 - - - 2,802 Obligations of states, municipalities and political subdivisions - - - - - - Non-U.S. governments - 57 - - - 57 Corporate debt - 1,891 18 - - 1,909 RMBS - 421 1,464 - - 1,885 CMBS - 485 74 - - 559 CDO/ABS - 604 4,956 - - 5,560 Total other bond securities 238 6,022 6,512 - - 12,772 Equity securities available for sale: Common stock 1,061 - - - - 1,061 Preferred stock 18 515 - - - 533 Mutual funds 110 4 - - - 114 Total equity securities available for sale 1,189 519 - - - 1,708 Other equity securities 589 - - - - 589 Mortgage and other loans receivable - - 5 - - 5 Other invested assets (a) - 1 250 - - 251 Derivative assets: Interest rate contracts 1 2,170 - - - 2,171 Foreign exchange contracts - 827 4 - - 831 Equity contracts 188 252 82 - - 522 Credit contracts - - 1 - - 1 Other contracts - - 20 - - 20 Counterparty netting and cash collateral - - - (1,464) (1,159) (2,623) Total derivative assets 189 3,249 107 (1,464) (1,159) 922 Short-term investments 2,078 537 - - - 2,615 Separate account assets 87,141 5,657 - - - 92,798 Total $ 91,645 $ 225,760 $ 35,870 $ (1,464) $ (1,159) $ 350,652 Liabilities: Policyholder contract deposits $ - $ 14 $ 4,136 $ - $ - $ 4,150 Other policyholder funds - - - - - - Derivative liabilities: Interest rate contracts 2 2,176 22 - - 2,200 Foreign exchange contracts - 1,241 4 - - 1,245 Equity contracts 2 19 - - - 21 Credit contracts - 14 263 - - 277 Other contracts - - 5 - - 5 Counterparty netting and cash collateral - - - (1,464) (1,249) (2,713) Total derivative liabilities 4 3,450 294 (1,464) (1,249) 1,035 Long-term debt - 2,888 - - - 2,888 Other liabilities 46 43 - - - 89 Total $ 50 $ 6,395 $ 4,430 $ (1,464) $ (1,249) $ 8,162 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 Other liabilities - - - - - - Total $ 17 $ 7,787 $ 3,489 $ (1,265) $ (1,521) $ 8,507 (a) Excludes investments that are measured at fair value using the net asset value ( NAV ) per share (or its equivalent), which totaled $ 6.0 billion and $ 6.7 billion as of December 31, 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 Issuances and Transfers Transfers Divested Held End Instruments Held (in millions) of Year in Income Income (Loss) Settlements, Net In Out Businesses for Sale of Year at End of Year December 31, 2017 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 2,040 $ 5 $ 167 $ 216 $ 8 $ (32) $ - $ - $ 2,404 $ - Non-U.S. governments 17 (9) 9 (9) - - - - 8 - Corporate debt 1,133 (3) 20 (259) 886 (604) - - 1,173 - RMBS 16,906 1,071 942 (2,763) 19 (39) - - 16,136 - CMBS 2,040 35 11 (748) 20 (734) - - 624 - CDO/ABS 7,835 (19) 155 743 - (63) - - 8,651 - Total bonds available for sale 29,971 1,080 1,304 (2,820) 933 (1,472) - - 28,996 - Other bond securities: Corporate debt 17 3 - 10 - (12) - - 18 1 RMBS 1,605 191 - (313) 14 (33) - - 1,464 113 CMBS 155 4 - 24 9 (118) - - 74 5 CDO/ABS 5,703 841 - (1,582) - (6) - - 4,956 362 Total other bond securities 7,480 1,039 - (1,861) 23 (169) - - 6,512 481 Equity securities available for sale: Common stock - - - 1 - (1) - - - - Total equity securities available for sale - - - 1 - (1) - - - - Other equity securities - - - - - - - - - - Mortgage and other loans receivable 11 - - (6) - - - - 5 - Other invested assets 204 14 (6) 39 - (1) - - 250 6 Total $ 37,666 $ 2,133 $ 1,298 $ (4,647) $ 956 $ (1,643) $ - $ - $ 35,763 $ 487 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 Issuances and Transfers Transfers Divested Held End Instruments Held (in millions) of Year in Income Income (Loss) Settlements, Net In Out Businesses for Sale of Year at End of Year Liabilities: Policyholder contract deposits $ 3,033 $ 807 $ - $ 296 $ - $ - $ - $ - $ 4,136 $ (499) Derivative liabilities, net: Interest rate contracts 38 (5) - (11) - - - - 22 5 Foreign exchange contracts 11 (2) - (9) - - - - - 3 Equity contracts (58) (41) - 17 - - - - (82) 35 Credit contracts 329 (62) - (5) - - - - 262 61 Other contracts (11) (74) - 73 (3) - - - (15) 77 Total derivative liabilities, net (a) 309 (184) - 65 (3) - - - 187 181 Long-term debt (b) 71 16 - (87) - - - - - - Total $ 3,413 $ 639 $ - $ 274 $ (3) $ - $ - $ - $ 4,323 $ (318) 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 Issuances and Transfers Transfers Divested Held End Instruments Held (in millions) of Year in Income Income (Loss) Settlements, Net In Out Businesses for Sale of Year at End of Year December 31, 2016 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 2,124 $ 5 $ - $ 61 $ 2 $ (152) $ - $ - $ 2,040 $ - Non-U.S. governments 32 (3) (12) 7 1 (5) - (3) 17 - Corporate debt 1,370 (13) (42) (111) 920 (977) (14) - 1,133 - RMBS 16,537 970 (24) (878) 330 (29) - - 16,906 - CMBS 2,585 72 (132) (323) 23 (185) - - 2,040 - CDO/ABS 6,169 34 (111) 1,720 23 - - - 7,835 - Total bonds available for sale 28,817 1,065 (321) 476 1,299 (1,348) (14) (3) 29,971 - Other bond securities: Corporate debt 17 - - - - - - - 17 - RMBS 1,581 43 - (1) - (18) - - 1,605 (24) CMBS 193 - - (38) - - - - 155 (1) CDO/ABS 7,055 271 - (1,623) 65 (65) - - 5,703 (393) Total other bond securities 8,846 314 - (1,662) 65 (83) - - 7,480 (418) 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 1 - (75) - (54) - - 204 8 Total $ 38,020 $ 1,380 $ (321) $ (1,275) $ 1,364 $ (1,485) $ (14) $ (3) $ 37,666 $ (410) 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 Issuances and Transfers Transfers Divested Held End Instruments Held (in millions) of Year in Income Income (Loss) Settlements, Net In Out Businesses for Sale of Year at End of Year Liabilities: Policyholder contract deposits $ 2,289 $ 441 $ - $ 303 $ - $ - $ - $ - $ 3,033 $ (366) Derivative liabilities, net: Interest rate contracts 50 (8) - (4) - - - - 38 6 Foreign exchange contracts 7 5 - (1) - - - - 11 (4) Equity contracts (54) (10) - 6 - - - - (58) 10 Credit contracts 505 (81) - (95) - - - - 329 71 Other contracts 48 (10) - (53) - 4 - - (11) 128 Total derivatives liabilities, net (a) 556 (104) - (147) - 4 - - 309 211 Long-term debt (b) 183 4 - (3) - (113) - - 71 (1) Total $ 3,028 $ 341 $ - $ 153 $ - $ (109) $ - $ - $ 3,413 $ (156) (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 Issuances and Transfers Transfers Divested Held End Instruments Held (in millions) of Year in Income Income (Loss) Settlements, Net In Out Businesses for Sale of Year at End of Year December 31, 2017 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 2,040 $ 5 $ 167 $ 216 $ 8 $ (32) $ - $ - $ 2,404 $ - Non-U.S. governments 17 (9) 9 (9) - - - - 8 - Corporate debt 1,133 (3) 20 (259) 886 (604) - - 1,173 - RMBS 16,906 1,071 942 (2,763) 19 (39) - - 16,136 - CMBS 2,040 35 11 (748) 20 (734) - - 624 - CDO/ABS 7,835 (19) 155 743 - (63) - - 8,651 - Total bonds available for sale 29,971 1,080 1,304 (2,820) 933 (1,472) - - 28,996 - Other bond securities: Corporate debt 17 3 - 10 - (12) - - 18 1 RMBS 1,605 191 - (313) 14 (33) - - 1,464 113 CMBS 155 4 - 24 9 (118) - - 74 5 CDO/ABS 5,703 841 - (1,582) - (6) - - 4,956 362 Total other bond securities 7,480 1,039 - (1,861) 23 (169) - - 6,512 481 Equity securities available for sale: Common stock - - - 1 - (1) - - - - Total equity securities available for sale - - - 1 - (1) - - - - Other equity securities - - - - - - - - - - Mortgage and other loans receivable 11 - - (6) - - - - 5 - Other invested assets 204 14 (6) 39 - (1) - - 250 6 Total $ 37,666 $ 2,133 $ 1,298 $ (4,647) $ 956 $ (1,643) $ - $ - $ 35,763 $ 487 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 Issuances and Transfers Transfers Divested Held End Instruments Held (in millions) of Year in Income Income (Loss) Settlements, Net In Out Businesses for Sale of Year at End of Year Liabilities: Policyholder contract deposits $ 3,033 $ 807 $ - $ 296 $ - $ - $ - $ - $ 4,136 $ (499) Derivative liabilities, net: Interest rate contracts 38 (5) - (11) - - - - 22 5 Foreign exchange contracts 11 (2) - (9) - - - - - 3 Equity contracts (58) (41) - 17 - - - - (82) 35 Credit contracts 329 (62) - (5) - - - - 262 61 Other contracts (11) (74) - 73 (3) - - - (15) 77 Total derivative liabilities, net (a) 309 (184) - 65 (3) - - - 187 181 Long-term debt (b) 71 16 - (87) - - - - - - Total $ 3,413 $ 639 $ - $ 274 $ (3) $ - $ - $ - $ 4,323 $ (318) 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 Issuances and Transfers Transfers Divested Held End Instruments Held (in millions) of Year in Income Income (Loss) Settlements, Net In Out Businesses for Sale of Year at End of Year December 31, 2016 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 2,124 $ 5 $ - $ 61 $ 2 $ (152) $ - $ - $ 2,040 $ - Non-U.S. governments 32 (3) (12) 7 1 (5) - (3) 17 - Corporate debt 1,370 (13) (42) (111) 920 (977) (14) - 1,133 - RMBS 16,537 970 (24) (878) 330 (29) - - 16,906 - CMBS 2,585 72 (132) (323) 23 (185) - - 2,040 - CDO/ABS 6,169 34 (111) 1,720 23 - - - 7,835 - Total bonds available for sale 28,817 1,065 (321) 476 1,299 (1,348) (14) (3) 29,971 - Other bond securities: Corporate debt 17 - - - - - - - 17 - RMBS 1,581 43 - (1) - (18) - - 1,605 (24) CMBS 193 - - (38) - - - - 155 (1) CDO/ABS 7,055 271 - (1,623) 65 (65) - - 5,703 (393) Total other bond securities 8,846 314 - (1,662) 65 (83) - - 7,480 (418) 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 1 - (75) - (54) - - 204 8 Total $ 38,020 $ 1,380 $ (321) $ (1,275) $ 1,364 $ (1,485) $ (14) $ (3) $ 37,666 $ (410) 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 Issuances and Transfers Transfers Divested Held End Instruments Held (in millions) of Year in Income Income (Loss) Settlements, Net In Out Businesses for Sale of Year at End of Year Liabilities: Policyholder contract deposits $ 2,289 $ 441 $ - $ 303 $ - $ - $ - $ - $ 3,033 $ (366) Derivative liabilities, net: Interest rate contracts 50 (8) - (4) - - - - 38 6 Foreign exchange contracts 7 5 - (1) - - - - 11 (4) Equity contracts (54) (10) - 6 - - - - (58) 10 Credit contracts 505 (81) - (95) - - - - 329 71 Other contracts 48 (10) - (53) - 4 - - (11) 128 Total derivatives liabilities, net (a) 556 (104) - (147) - 4 - - 309 211 Long-term debt (b) 183 4 - (3) - (113) - - 71 (1) Total $ 3,028 $ 341 $ - $ 153 $ - $ (109) $ - $ - $ 3,413 $ (156) (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 December 31, 2017 Assets: Bonds available for sale $ 1,127 $ (49) $ 2 $ 1,080 Other bond securities 308 - 731 1,039 Equity securities available for sale - - - - Other equity securities - - - - Other invested assets 9 6 (1) 14 December 31, 2016 Assets: Bonds available for sale $ 1,180 $ (118) $ 3 $ 1,065 Other bond securities 110 44 160 314 Equity securities available for sale - - - - Other equity securities - - - - Other invested assets 13 39 (51) 1 Net Net Realized Investment Capital Other (in millions) Income (Gains) Losses Income Total December 31, 2017 Liabilities: Policyholder contract deposits - 807 - 807 Derivative liabilities, net - (17) (167) (184) Long-term debt - - 16 16 December 31, 2016 Liabilities: Policyholder contract deposits - 441 - 441 Derivative liabilities, net - (8) (96) (104) Long-term debt - - 4 4
Gross components of purchases, sales, issues and settlements, net	Purchases, Sales, Issuances and Issuances and (in millions) Purchases Sales Settlements (a) Settlements, Net (a) December 31, 2017 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 286 $ (16) $ (54) $ 216 Non-U.S. governments 9 (1) (17) (9) Corporate debt 36 (59) (236) (259) RMBS 1,199 (260) (3,702) (2,763) CMBS 75 (146) (677) (748) CDO/ABS 2,099 (243) (1,113) 743 Total bonds available for sale 3,704 (725) (5,799) (2,820) Other bond securities: Corporate debt 11 - (1) 10 RMBS 167 (218) (262) (313) CMBS 42 (11) (7) 24 CDO/ABS 9 (65) (1,526) (1,582) Total other bond securities 229 (294) (1,796) (1,861) Equity securities available for sale 13 - (12) 1 Other equity securities - - - - Mortgage and other loans receivable - (6) - (6) Other invested assets 107 (46) (22) 39 Total assets $ 4,053 $ (1,071) $ (7,629) $ (4,647) Liabilities: Policyholder contract deposits $ - $ 344 $ (48) $ 296 Derivative liabilities, net (4) - 69 65 Long-term debt (b) - - (87) (87) Total liabilities $ (4) $ 344 $ (66) $ 274 December 31, 2016 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 164 $ (8) $ (95) $ 61 Non-U.S. governments 13 - (6) 7 Corporate debt 29 (25) (115) (111) RMBS 2,635 (81) (3,432) (878) CMBS 156 (98) (381) (323) CDO/ABS 2,460 (99) (641) 1,720 Total bonds available for sale 5,457 (311) (4,670) 476 Other bond securities: Corporate debt - - - - RMBS 343 (104) (240) (1) CMBS 53 (86) (5) (38) CDO/ABS 69 (458) (1,234) (1,623) Total other bond securities 465 (648) (1,479) (1,662) Equity securities available for sale - - - - Other equity securities 14 - (28) (14) Mortgage and other loans receivable 1 (2) 1 - Other invested assets 37 (10) (102) (75) Total assets $ 5,974 $ (971) $ (6,278) $ (1,275) Liabilities: Policyholder contract deposits $ - $ 437 $ (134) $ 303 Derivative liabilities, net (6) - (141) (147) Long-term debt (b) - - (3) (3) Total liabilities $ (6) $ 437 $ (278) $ 153 (a) There were no issuances during the year s ended December 31, 2017 and 2016 . ( b ) Includes GIAs, notes, bonds, loans and mortgages payable.
Significant unobservable inputs used for recurring fair value measurements	Fair Value at December 31, Valuation Range (in millions) 2017 Technique Unobservable Input (b) (Weighted Average) Assets: Obligations of states, municipalities and political subdivisions $ 1,620 Discounted cash flow Yield 3.55% - 4.32% (3.94%) Corporate debt 1,086 Discounted cash flow Yield 3.26% - 12.22% (7.74%) RMBS (a) 16,156 Discounted cash flow Constant prepayment rate 3.97% - 13.42% (8.69%) Loss severity 43.15% - 77.15% (60.15%) Constant default rate 3.31% - 8.30% (5.80%) Yield 2.73% - 5.19% (3.96%) CDO/ABS (a) 5,254 Discounted cash flow Yield 3.38% - 4.78% (4.08%) CMBS 487 Discounted cash flow Yield 2.22% - 7.77% (4.99%) Liabilities: Embedded derivatives within Policyholder contract deposits: GMWB 1,994 Discounted cash flow Equity volatility 6.45% - 51.25% Base lapse rate 0.35% - 14.00% Dynamic lapse multiplier 30.00% - 170.00% Mortality multiplier (c) 40.00% - 153.00% Utilization 90.00% - 100.00% Equity / interest-rate correlation 20.00% - 40.00% Index Annuities 1,603 Discounted cash flow Lapse rate 0.50% - 40.00% Mortality multiplier (c) 42.00% - 162.00% Option Budget 1.00% - 4.00% Indexed Life 515 Discounted cash flow Base lapse rate 2.00% - 19.00% Mortality rate 0.00% - 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% Option Budget 1.00% - 4.00% 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 securitiza tion vehicle bonds (tranches) purchased by us. The ranges of these inputs do not directly correlate to changes in the fair values of the tranches purchased by us, because there are other factors relevant to the fair values of specific tranches owned by us including, but not limited to, purchase price, position in the waterfall, senior versus subordinated position and attachment points. (b) Represents discount rates, estimates and assumptions that we believe would be used by market participants when valuing these assets and liabilities. (c) 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	December 31, 2017 December 31, 2016 Fair Value Using Net Asset Value Per Share (or its equivalent) Fair Value Using Net Asset Value Per Share (or its equivalent) Unfunded Unfunded (in millions) Investment Category Includes Commitments Commitments Investment Category Private equity funds: Leveraged buyout Debt and/or equity investments made as part of a transaction in which assets of mature companies are acquired from the current shareholders, typically with the use of financial leverage $ 1,243 $ 706 $ 1,424 $ 750 Real Estate / Infrastructure Investments in real estate properties and infrastructure positions, including power plants and other energy generating facilities 210 187 258 208 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 134 73 137 31 Distressed Securities of companies that are in default, under bankruptcy protection, or troubled 113 42 123 44 Other Includes multi-strategy, mezzanine, and other strategies 428 219 312 215 Total private equity funds 2,128 1,227 2,254 1,248 Hedge funds : Event-driven Securities of companies undergoing material structural changes, including mergers, acquisitions and other reorganizations 1,128 - 1,453 9 Long-short Securities that the manager believes are undervalued, with corresponding short positions to hedge market risk 1,233 - 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 1,011 - 992 - Distressed Securities of companies that are in default, under bankruptcy protection or troubled 266 8 416 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 231 4 197 14 Total hedge funds 3,869 12 4,487 31 Total $ 5,997 $ 1,239 $ 6,741 $ 1,279
Gains or losses related to the eligible instruments for which AIG elected the fair value option	Years Ended December 31, Gain (Loss) (in millions) 2017 2016 2015 Assets: Bond and equity securities $ 1,646 $ 447 $ 616 Alternative investments (a) 509 28 36 Other, including Short-term investments 1 - 2 Liabilities: Long-term debt (b) (49) (9) (38) Other liabilities (2) - (3) Total gain $ 2,105 $ 466 $ 613 (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	December 31, 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 * $ 2,888 $ 2,280 $ 608 $ 3,428 $ 2,628 $ 800 * Includes GIAs, notes, bonds, loans and mortgages payable.
Fair value assets measured on nonrecurring basis and impairment charges	Assets at Fair Value Impairment Charges Non-Recurring Basis December 31, (in millions) Level 1 Level 2 Level 3 Total 2017 2016 2015 December 31, 2017 Other investments $ - $ - $ 55 $ 55 $ 77 $ 76 $ 189 Investments in life settlements - - - - 360 397 540 Other assets * - - - - 157 19 80 Total $ - $ - $ 55 $ 55 $ 594 $ 492 $ 809 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 other assets that were sold in 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 December 31, 2017 Assets: Mortgage and other loans receivable $ - $ 117 $ 37,644 $ 37,761 $ 37,018 Other invested assets - 590 6 596 593 Short-term investments - 7,771 - 7,771 7,771 Cash 2,362 - - 2,362 2,362 Liabilities: Policyholder contract deposits associated with investment-type contracts - 387 121,809 122,196 114,326 Other liabilities - 4,494 - 4,494 4,494 Long-term debt - 23,930 4,313 28,243 28,752 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)	12 Months Ended
	Dec. 31, 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) December 31, 2017 Bonds available for sale: U.S. government and government sponsored entities $ 2,532 $ 160 $ (36) $ 2,656 $ - Obligations of states, municipalities and political subdivisions 17,377 1,297 (30) 18,644 - Non-U.S. governments 15,059 717 (117) 15,659 - Corporate debt 126,310 8,666 (800) 134,176 17 Mortgage-backed, asset-backed and collateralized: RMBS 34,181 3,273 (220) 37,234 1,568 CMBS 13,538 408 (105) 13,841 42 CDO/ABS 16,464 370 (52) 16,782 29 Total mortgage-backed, asset-backed and collateralized 64,183 4,051 (377) 67,857 1,639 Total bonds available for sale (b) 225,461 14,891 (1,360) 238,992 1,656 Equity securities available for sale: Common stock 703 379 (21) 1,061 - Preferred stock 504 29 - 533 - Mutual funds 98 16 - 114 - Total equity securities available for sale 1,305 424 (21) 1,708 - Total $ 226,766 $ 15,315 $ (1,381) $ 240,700 $ 1,656 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 impairments 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 December 31, 2017 and 2016 , bonds available for sale held by us that were below investment grade or not rated totaled $ 31.5 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 December 31, 2017 Bonds available for sale: U.S. government and government sponsored entities $ 770 $ 23 $ 332 $ 13 $ 1,102 $ 36 Obligations of states, municipalities and political subdivisions 586 6 646 24 1,232 30 Non-U.S. governments 3,511 54 857 63 4,368 117 Corporate debt 15,578 453 7,291 347 22,869 800 RMBS 6,212 99 3,790 121 10,002 220 CMBS 3,408 46 1,389 59 4,797 105 CDO/ABS 1,455 24 822 28 2,277 52 Total bonds available for sale 31,520 705 15,127 655 46,647 1,360 Equity securities available for sale: Common stock 136 21 - - 136 21 Mutual funds 1 - - - 1 - Total equity securities available for sale 137 21 - - 137 21 Total $ 31,657 $ 726 $ 15,127 $ 655 $ 46,784 $ 1,381 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 December 31, 2017 Available for Sale Position Available for Sale (in millions) Amortized Cost Fair Value Amortized Cost Fair Value Due in one year or less $ 7,932 $ 8,071 $ 1,526 $ 1,515 Due after one year through five years 47,179 49,093 7,764 7,571 Due after five years through ten years 42,617 43,944 11,559 11,143 Due after ten years 63,550 70,027 9,705 9,342 Mortgage-backed, asset-backed and collateralized 64,183 67,857 17,453 17,076 Total $ 225,461 $ 238,992 $ 48,007 $ 46,647 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	Years Ended December 31, 2017 2016 2015 Gross Gross Gross Gross Gross Gross Realized Realized Realized Realized Realized Realized (in millions) Gains Losses Gains Losses Gains Losses Fixed maturity securities $ 725 $ 300 $ 801 $ 800 $ 517 $ 423 Equity securities 107 19 1,072 15 1,060 28 Total $ 832 $ 319 $ 1,873 $ 815 $ 1,577 $ 451
The fair value of AIG's other securities	December 31, 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 $ 2,802 21 % $ 2,939 20 % Obligations of states, municipalities and political subdivisions - - - - Non-U.S. governments 57 1 51 - Corporate debt 1,909 14 1,772 12 Mortgage-backed, asset-backed and collateralized : RMBS 1,885 14 2,025 14 CMBS 559 4 603 4 CDO/ABS and other collateralized * 5,560 42 6,608 47 Total mortgage-backed, asset-backed and collateralized 8,004 60 9,236 65 Total fixed maturity securities 12,772 96 13,998 97 Equity securities 589 4 482 3 Total $ 13,361 100 % $ 14,480 100 % * Inclu des $ 251 m illion and $ 421 m illion of U.S. g overnment agency backed ABS at December 31, 2017 and 2016 , respectively.
Components of other invested assets	December 31, (in millions) 2017 2016 Alternative investments (a) (b) $ 11,308 $ 13,379 Investment real estate (c) 8,258 6,900 Aircraft asset investments (d) 206 321 Investments in life settlements - 2,516 All other investments 1,050 1,422 Total $ 20,822 $ 24,538 (a) At December 31, 2017 , included hedge funds of $ 5.8 billion, private equity funds of $ 5.0 billion, and affordable housing partnerships of $ 543 million. At December 31, 2016 , included hedge funds of $ 7.2 billion, private equity funds of $ 5.5 billion, and affordable housing partnerships of $ 625 million. (b) Approximately 75 percent of our hedge fund port folio is available for redemption in 2018 , an additional 25 percent will be available between 2019 and 2024. (c) Net of accumulated depreciation of $ 515 million and $ 451 million in 2017 and 2016 , respectively. (d) Consists of investments in aircraft equipment held in a consolidated trust.
The carrying value and ownership percentage of AIA and equity method investments	2017 2016 Carrying Ownership Carrying Ownership (in millions, except percentages) Value Percentage Value Percentage Equity method investments $ 9,050 Various $ 10,756 Various
Components of net investment income	Years Ended December 31, (in millions) 2017 2016 2015 Available for sale fixed maturity securities, including short-term investments $ 10,435 $ 11,314 $ 11,331 Other fixed maturity securities 660 331 1 Equity securities 34 (5) 99 Interest on mortgage and other loans 1,661 1,526 1,417 Alternative investments * 1,475 693 1,120 Real estate 144 150 181 Other investments 290 509 432 Total investment income 14,699 14,518 14,581 Investment expenses 520 453 528 Net investment income $ 14,179 $ 14,065 $ 14,053 * 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)	Years Ended December 31, (in millions) 2017 2016 2015 Sales of fixed maturity securities $ 425 $ 1 $ 94 Sales of equity securities (a) 88 1,057 1,032 Other-than-temporary impairments: Severity (2) (15) (13) Change in intent (9) (46) (233) Foreign currency declines (11) (18) (57) Issuer-specific credit events (234) (433) (348) Adverse projected cash flows (4) (47) (20) Provision for loan losses (50) 10 (58) Foreign exchange transactions 489 (1,226) 416 Variable annuity embedded derivatives, net of related hedges (1,374) (1,243) 320 All other derivatives and hedge accounting (368) 299 78 Impairments on investments in life settlements (360) (397) (540) Other (b) 30 114 105 Net realized capital gains (losses) $ (1,380) $ (1,944) $ 776 (a) In 2016 and 2015 includes realized gains on the sale of a portion of our holdings in People’s Insurance Company (Group) of China Limited and PICC Property & Casualty Company Limited (collectively, our PICC Investment) . ( b) In 2016, primarily includes $ 107 million of realized gains due to a purchase price adjustment on the sale of Class B shares of Prudential Financial, Inc. and losses of $ 253 million from the sale of a portion of our Life Settlements portfolio. In 2015, primarily includes $ 357 million of realized gains due to the sale of common shares of SpringLeaf Holdings (now known as OneMain Holdings, Inc.), $ 428 million of realized gains due to the sale of Class B shares of Prudential Financial, Inc. and $ 463 million of realized losses due to the sale of ordinary shares of AerCap .
Schedule of increase (decrease) in unrealized appreciation (depreciation) of available for sale securities and other investments	Years Ended December 31, (in millions) 2017 2016 Increase (decrease) in unrealized appreciation (depreciation) of investments: Fixed maturity securities $ 4,235 $ 2,019 Equity securities 22 (1,155) Other investments (195) (259) Total increase (decrease) in unrealized appreciation (depreciation) of investments * $ 4,062 $ 605 * Excludes net unrealized gains (losses) attributable to businesses held for sale.
Credit impairments recognized in earnings for available for sale fixed maturity securities	Years Ended December 31, (in millions) 2017 2016 2015 Balance, beginning of year $ 1,098 $ 1,747 $ 2,659 Increases due to: Credit impairments on new securities subject to impairment losses 122 204 111 Additional credit impairments on previously impaired securities 74 212 109 Reductions due to: Credit impaired securities fully disposed of for which there was no prior intent or requirement to sell (99) (296) (399) Credit impaired securities for which there is a current intent or anticipated requirement to sell - - 2 Accretion on securities previously impaired due to credit * (669) (767) (735) Divested businesses - (2) - Balance, end of year $ 526 $ 1,098 $ 1,747 * 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) $ 36,642 Cash flows expected to be collected * 30,040 Recorded investment in acquired securities 20,267 * Represents undiscounted expected cash flows, including both principal and interest.
Schedule of Purchased Credit Impaired (PCI) Securities, at reporting date	December 31, December 31, (in millions) 2017 2016 Outstanding principal balance $ 14,718 $ 16,728 Amortized cost 10,492 11,987 Fair value 12,293 12,922
Activity for accretable yield on Purchased Credit Impaired (PCI) Securities	Years Ended December 31, (in millions) 2017 2016 Balance, beginning of year $ 7,498 $ 6,846 Newly purchased PCI securities 190 707 Disposals (18) - Accretion (797) (842) Effect of changes in interest rate indices (34) 39 Net reclassification from (to) non-accretable difference, including effects of prepayments 662 748 Balance, end of year $ 7,501 $ 7,498
Schedule of fair value of securities pledged to counterparties under secured financing transactions	(in millions) December 31, 2017 December 31, 2016 Fixed maturity securities available for sale $ 2,911 $ 2,389 Other bond securities, at fair value $ 1,585 $ 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 December 31, 2017 Bonds available for sale: Non-U.S. governments $ - $ 7 $ 19 $ - $ - $ 26 Corporate debt - 13 35 - - 48 Other bond securities: U.S. government and government sponsored entities 44 - - - - 44 Non-U.S. governments - - 11 - - 11 Corporate debt - 387 1,065 - - 1,452 Total $ 44 $ 407 $ 1,130 $ - $ - $ 1,581 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 December 31, 2017 Bonds available for sale: Obligations of states, municipalities and political subdivisions $ - $ - $ - $ - $ - $ - Non-U.S. governments - - 18 - - 18 Corporate debt - 588 2,231 - - 2,819 CMBS - - - - - - Other bond securities: Non-U.S. governments - - 22 - - 22 Corporate debt - - 56 - - 56 Total $ - $ 588 $ 2,327 $ - $ - $ 2,915 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) December 31, 2017 December 31, 2016 Securities collateral pledged to us $ 2,227 $ 1,434 Amount sold or repledged by us 46 11
Investment [Line Items]
Summarized financial information of AIG's equity method investees	Years Ended December 31, (in millions) 2017 2016 2015 Operating results: Total revenues $ 13,066 $ 9,512 $ 22,055 Total expenses (6,835) (7,361) (3,898) Net income $ 6,231 $ 2,151 $ 18,157 At December 31, (in millions) 2017 2016 Balance sheet: Total assets $ 132,708 $ 158,306 Total liabilities $ (35,585) $ (37,336)

LENDING ACTIVITIES (Tables)

LENDING ACTIVITIES (Tables)	12 Months Ended
	Dec. 31, 2017
LENDING ACTIVITIES
Composition of Mortgages and other loans receivable	December 31, December 31, (in millions) 2017 2016 Commercial mortgages * $ 28,596 $ 25,042 Residential mortgages 5,398 3,828 Life insurance policy loans 2,295 2,367 Commercial loans, other loans and notes receivable 1,056 2,300 Total mortgage and other loans receivable 37,345 33,537 Allowance for credit losses (322) (297) Mortgage and other loans receivable, net $ 37,023 $ 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 23 percent and 12 percent, respectively, at December 31, 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	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 December 31, 2017 Loan-to-Value Ratios (b) Less than 65% $ 18,000 $ 1,525 $ 351 $ 19,876 65% to 75% 6,038 193 184 6,415 76% to 80% 569 40 - 609 Greater than 80% 1,416 206 74 1,696 Total commercial mortgages $ 26,023 $ 1,964 $ 609 $ 28,596 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 2.1 X and 1.9 X at December 31, 2017 and 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 weighted average loan-to-value ratio was 57 percent and 58 percent at December 31, 2017 , and 2016 , respectively.
Schedule of credit quality indicators for the commercial mortgage loans	Number Percent December 31, 2017 of Class of (dollars in millions) Loans Apartments Offices Retail Industrial Hotel Others Total (c) Total $ Credit Quality Performance Indicator: In good standing 778 $ 8,163 $ 8,585 $ 5,338 $ 2,023 $ 2,373 $ 1,960 $ 28,442 99 % Restructured (a) 5 - 115 23 - 16 - 154 1 90 days or less delinquent - - - - - - - - - >90 days delinquent or in process of foreclosure - - - - - - - - - Total (b) 783 $ 8,163 $ 8,700 $ 5,361 $ 2,023 $ 2,389 $ 1,960 $ 28,596 100 % Allowance for credit losses: Specific - 3 1 - 1 - 5 - % General 72 94 37 6 15 18 242 1 Total allowance for credit losses $ 72 $ 97 $ 38 $ 6 $ 16 $ 18 $ 247 1 % December 31, 2016 (dollars in millions) 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 below . (b) Does not reflect allowance for credit losses . (c) Our commercial mortgage loan portfolio is current as to payments of principal and interest , for both periods presented . There were no significant amounts of nonperforming commercial mortgages (defined as those loans where payment of contractual prin cipal or interest is more 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 2015 Years Ended December 31, Commercial Other Commercial Other Commercial Other (in millions) Mortgages Loans Total Mortgages Loans Total Mortgages Loans Total Allowance, beginning of year $ 194 $ 103 $ 297 $ 171 $ 137 $ 308 $ 159 $ 112 $ 271 Loans charged off (22) (3) (25) (13) (2) (15) (23) (6) (29) Recoveries of loans previously charged off - 1 1 11 - 11 4 1 5 Net charge-offs (22) (2) (24) (2) (2) (4) (19) (5) (24) Provision for loan losses 75 (26) 49 25 (32) (7) 31 27 58 Other - - - - - - - 3 3 Allowance, end of year $ 247 * $ 75 $ 322 $ 194 * $ 103 $ 297 $ 171 * $ 137 $ 308 * Of the total allowance at the end of the year , $ 5 million, $ 11 million and $ 24 million relates to individually assessed credit losses on $ 82 million , $ 280 million and $ 507 million of commercial mortgages as of December 31, 2017 , 2016 and 2015 , respectively.

REINSURANCE (Tables)

REINSURANCE (Tables)	12 Months Ended
	Dec. 31, 2017
Effects of Reinsurance [Line Items]
Supplemental information for gross loss and benefit reserves net of ceded reinsurance	At December 31, 2017 2016 As Net of As Net of (in millions) Reported Reinsurance Reported Reinsurance Liability for unpaid losses and loss adjustment expenses $ (78,393) $ (51,685) $ (77,077) $ (61,545) Future policy benefits for life and accident and health insurance contracts (45,432) (44,457) (42,204) (41,140) Reserve for unearned premiums (19,030) (15,890) (19,634) (16,280) Reinsurance assets (a) 30,823 19,950 (a ) Represents gross reinsurance assets, excluding allowances and reinsurance recoverable on paid losses.
Schedule of long-duration insurance in force ceded to other insurance companies	At December 31, (in millions) 2017 2016 2015 Long-duration insurance in force ceded $ 202,402 $ 174,363 $ 177,025
Short-Duration Reinsurance
Effects of Reinsurance [Line Items]
Schedule of insurance premiums written and earned	Years Ended December 31, (in millions) 2017 2016 2015 Premiums written: Direct $ 30,205 $ 33,970 $ 37,698 Assumed 3,084 2,824 2,972 Ceded (7,533) (7,561) (7,604) Net $ 25,756 $ 29,233 $ 33,066 Premiums earned: Direct $ 30,904 $ 34,869 $ 37,105 Assumed 3,373 2,962 2,659 Ceded (7,902) (7,284) (7,593) Net $ 26,375 $ 30,547 $ 32,171
Long-Duration Reinsurance
Effects of Reinsurance [Line Items]
Schedule of insurance premiums written and earned	Years Ended December 31, (in millions) 2017 2016 2015 Gross premiums $ 5,338 $ 4,732 $ 5,240 Ceded premiums (809) (789) (756) Net $ 4,529 $ 3,943 $ 4,484

DEFERRED POLICY ACQUISITION C49

DEFERRED POLICY ACQUISITION COSTS (Tables)	12 Months Ended
	Dec. 31, 2017
DEFERRED POLICY ACQUISITION COSTS
Rollforward of DAC	Years Ended December 31, (in millions) 2017 2016 2015 Balance, beginning of year $ 11,042 $ 11,115 $ 9,828 Dispositions (35) (110) - Acquisition costs deferred 4,820 5,216 5,825 Amortization expense (4,288) (4,521) (5,236) Change in net unrealized gains (losses) on securities (505) (259) 848 Other, including foreign exchange (40) 72 (150) Reclassified to Assets held for sale - (471) - Balance, end of year * $ 10,994 $ 11,042 $ 11,115 Supplemental Information: VOBA amortization expense included in DAC amortization 20 40 64 VOBA, end of year included in DAC balance 381 393 453 * Net of reductions in DAC of $ 1.3 b illion, $ 842 million , and $ 583 m illion at December 31, 2017 , 2016 and 2015 , respectively , related to the effect of net unrealized gains and losses on available for sale securities (shadow DAC).

VARIABLE INTEREST ENTITIES (Tab

VARIABLE INTEREST ENTITIES (Tables)	12 Months Ended
	Dec. 31, 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 December 31, 2017 Assets: Bonds available for sale $ - $ 9,632 $ - $ - $ - $ 9,632 Other bond securities - 4,518 - - 3 4,521 Mortgage and other loans receivable - 2,290 - - - 2,290 Other invested assets 1,365 206 - 3,087 25 4,683 Other (a) 302 1,481 - 350 85 2,218 Total assets (b) $ 1,667 $ 18,127 $ - $ 3,437 $ 113 $ 23,344 Liabilities: Long-term debt $ 680 $ 1,624 $ - $ 1,825 $ 5 $ 4,134 Other (c) 144 244 - 181 26 595 Total liabilities $ 824 $ 1,868 $ - $ 2,006 $ 31 $ 4,729 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) C omprised primarily of Short-term investments and Other assets at December 31, 2017 and 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 December 31, 2017 and 2016 . (d) At December 31 , 2017 and 2016 , off-balance sheet exposure primarily consisting of commitments to real estate and investment entities was $ 85.8 million and $ 106 million, respectively. ( e ) At December 31, 2017 and 2016 , $ 17.6 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 Variable Interest Entities	Maximum Exposure to Loss Total VIE On-Balance Off-Balance (in millions) Assets Sheet (b) Sheet Total December 31, 2017 Real estate and investment entities (a) $ 380,030 $ 9,253 $ 2,043 $ 11,296 Affordable housing partnerships 4,468 725 - 725 Other 2,703 254 1,205 (c) 1,459 Total $ 387,201 $ 10,232 $ 3,248 $ 13,480 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 December 31, 2017 and 2016 , $ 9.8 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 ACCOUNT51

DERIVATIVES AND HEDGE ACCOUNTING (Tables)	12 Months Ended
	Dec. 31, 2017
DERIVATIVES AND HEDGE ACCOUNTING
Notional amounts and fair values of derivative instruments	December 31, 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 $ - $ - $ 838 $ 15 $ 175 $ - $ 782 $ 11 Foreign exchange contracts 2,823 173 4,783 350 3,527 385 2,602 184 Equity contracts - - 159 19 - - 113 7 Derivatives not designated as hedging instruments: (a) Interest rate contracts 37,751 2,171 26,461 2,185 51,030 2,328 44,211 3,066 Foreign exchange contracts 6,305 658 11,093 895 9,468 935 7,674 1,185 Equity contracts 19,975 522 1,130 2 14,060 305 8,633 12 Commodity contracts - - - - - - - - Credit contracts (b) 4 1 1,365 277 4 2 861 331 Other contracts (c) 39,829 20 59 5 37,633 22 62 6 Total derivatives, gross $ 106,687 $ 3,545 $ 45,888 $ 3,748 $ 115,897 $ 3,977 $ 64,938 $ 4,802 Counterparty netting (d) (1,464) (1,464) (1,265) (1,265) Cash collateral (e) (1,159) (1,249) (903) (1,521) Total derivatives on consolidated balance sheets (f) $ 922 $ 1,035 $ 1,809 $ 2,016 (a) Fair value amounts are shown before the effects of counterparty netting adjustments and offsetting cash collateral. (b ) As of December 31, 2017 and 2016 , included CDSs on super senior multi-sector CDOs with a net notional amount of $ 685 m illion and $ 801 million (fair value liability of $ 254 million and $ 308 million), respectively. The expected weighted average maturity as of December 31, 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 represents the maximum exposure to loss on the portfolio. As of December 31, 2017 and 2016 , there were no super senior corporate debt/CLOs remaining. (c) Consists primarily of stable value wraps and contracts with multiple 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 Embedded derivatives. Derivative i nstrument assets and liabilities are recorded in Other Assets and Liabilities, respectively. Fair value of assets related to bifurcated Embedded derivatives was zero at both December 31, 2017 and December 31, 2016 . Fair value of liabilities related to bifurcated Embedded derivatives was $ 4.1 billion and $ 3.1 billion, respectively, at December 31, 2017 and December 31, 2016 . A bifurcated Embedded derivative i s generally presented with the host contract in the 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) Year ended December 31, 2017 Interest rate contracts : Realized capital gains/(losses) $ (4) $ 4 $ - $ - $ - Other income - - - - - Gain/(Loss) on extinguishment of debt - - - - - Foreign exchange contracts : Realized capital gains/(losses) (420) 393 - (26) - Interest credited to policyholder account balances - - - - - Other income - 4 - - 4 Gain/(Loss) on extinguishment of debt - - - - - Equity contracts : Realized capital gains/(losses) (47) 42 - (5) - Year ended December 31, 2016 Interest rate contracts : Realized capital gains/(losses) $ (7) $ 1 $ 1 $ - $ (7) Other income - 10 - - 10 Gain/(Loss) on extinguishment of debt - - - - - Foreign exchange contracts : Realized capital gains/(losses) 294 (335) - (41) - Interest credited to policyholder account balances - - - - - Other income - 24 - - 24 Gain/(Loss) on extinguishment of debt - - - - - Equity contracts : Realized capital gains/(losses) 10 (11) - (1) - Year ended December 31, 2015 Interest rate contracts : Realized capital gains $ - $ 1 $ 1 $ - $ - Other income - 9 - - 9 Gain/(Loss) on extinguishment of debt - 14 - - 14 Foreign exchange contracts : Realized capital gains/(losses) 202 (167) - 32 3 Interest credited to policyholder account balances - (1) - - (1) Other income - 17 - - 17 Gain/(Loss) on extinguishment of debt - 17 - - 17 Equity contracts : Realized capital gains/(losses) (45) 45 - - - (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 previously-discontinued fair value h edge relationship.
Effect of AIG's derivative instruments not designated as hedging instruments in the Consolidated Statements of Income	Years Ended December 31, Gains (Losses) Recognized in Earnings (in millions) 2017 2016 2015 By Derivative Type: Interest rate contracts $ 56 $ (229) $ 339 Foreign exchange contracts (277) 293 416 Equity contracts (964) (902) (182) Commodity contracts - - (1) Credit contracts 58 81 186 Other contracts 75 80 69 Embedded derivatives (449) (48) 49 Total $ (1,501) $ (725) $ 876 By Classification: Policy fees $ 77 $ 80 $ 78 Net investment income (11) 26 26 Net realized capital gains (losses) (1,709) (895) 365 Other income 139 63 401 Policyholder benefits and claims incurred 3 1 6 Total $ (1,501) $ (725) $ 876

GOODWILL (Tables)

GOODWILL (Tables)	12 Months Ended
	Dec. 31, 2017
Goodwill Disclosure
Schedule of changes in goodwill by reportable segment	North Life Other Legacy (in millions) America International Insurance Operations Portfolio Total Balance at January 1, 2015: Goodwill - gross $ 1,834 $ 2,887 $ 21 $ 7 $ 182 $ 4,931 Accumulated impairments (1,264) (2,136) - - (77) (3,477) Net goodwill 570 751 21 7 105 1,454 Increase (decrease) due to: Acquisition 50 46 55 20 37 208 Other - (50) 1 - - (49) Balance at December 31, 2015: Goodwill - gross 1,884 2,883 77 27 219 5,090 Accumulated impairments (1,264) (2,136) - - (77) (3,477) Net goodwill 620 747 77 27 142 1,613 Increase (decrease) due to: Dispositions (6) (6) - - - (12) Other - (70) - - (3) (73) Balance at December 31, 2016: Goodwill - gross 1,878 2,807 77 27 216 5,005 Accumulated impairments (1,264) (2,136) - - (77) (3,477) Net goodwill 614 671 77 27 139 1,528 Increase (decrease) due to: Acquisition - - - 4 - 4 Dispositions (10) (7) (6) - (2) (25) Other - 74 13 - - 87 Balance at December 31, 2017: Goodwill - gross 1,868 2,874 84 31 214 5,071 Accumulated impairments (1,264) (2,136) - - (77) (3,477) Net goodwill $ 604 $ 738 $ 84 $ 31 $ 137 $ 1,594

INSURANCE LIABILITIES (Tables)

INSURANCE LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2017
Claims Development [Line Items]
Schedule of reconciliation of activity in the liability for unpaid claims and claims adjustment expense	Years Ended December 31, (in millions) 2017 2016 2015 Liability for unpaid loss and loss adjustment expenses, beginning of year $ 77,077 $ 74,942 $ 77,260 Reinsurance recoverable (15,532) (14,339) (15,648) Net Liability for unpaid loss and loss adjustment expenses, beginning of year 61,545 60,603 61,612 Losses and loss adjustment expenses incurred : Current year 21,079 20,232 20,308 Prior years, excluding discount and amortization of deferred gain 1,565 5,788 4,119 Prior years, discount charge (benefit) 187 (422) (71) Prior years, amortization of deferred gain on retroactive reinsurance (a) (284) - - Total losses and loss adjustment expenses incurred 22,547 25,598 24,356 Losses and loss adjustment expenses paid : Current year (5,323) (5,825) (5,751) Prior years (16,241) (16,908) (18,205) Total losses and loss adjustment expenses paid (21,564) (22,733) (23,956) Other changes : Foreign exchange effect 788 (463) (1,429) Acquisitions (b) 23 - - Dispositions (c) (360) (1,058) - Retroactive reinsurance adjustment (net of discount) (d) (11,294) - 20 Reclassified to liabilities held for sale (e) - (402) - Total other changes (10,843) (1,923) (1,409) Liability for unpaid losses and loss adjustment expenses, end of year: Net liability for unpaid losses and loss adjustment expenses 51,685 61,545 60,603 Reinsurance recoverable 26,708 15,532 14,339 Total $ 78,393 $ 77,077 $ 74,942 (a ) Includes $ 25 million fo r 2011 retroactive reinsurance agreement with NICO covering U.S. asbestos exposures for the year ended December 31, 2017 . ( b ) Includes amounts related to the acquisition of Blackboard U.S. Holdings Inc in 2017. (c) Includes amounts related to dispositions through the date of disposition. Includes sale of insurance operations to Fairfax, United Guaranty and Ascot Underwriting Holdings Limited, and Ascot Employees Corporate Member Limited (Ascot). (d) Includes discount on retr oactive insurance in the amount of $1.5 billion for the period ended December 31, 2017 . (e) Represents change in loss reserves included in our sale of certain of our insurance operations and certain assets to Fairfax for the period ended December 31, 2016 . Upon consummation of the sale, we retain ed a portion of these reserves through reinsurance arrangements.
Reconciliation of Claims Development to Liability	Net liability for unpaid losses and loss adjustment expenses as presented in the disaggregated tables below Reinsurance recoverable on unpaid losses and loss adjustment expenses included in the disaggregated tables below Gross liability for unpaid losses and loss adjustment expenses (in millions) U.S. Workers' Compensation (before discount) $ 6,616 $ 6,513 $ 13,129 U.S. Excess Casualty 4,802 4,053 8,855 U.S. Other Casualty 5,149 4,793 9,942 U.S. Financial Lines 5,104 1,962 7,066 U.S. Property and Special risks 5,410 968 6,378 U.S. Personal Insurance 1,380 194 1,574 Europe Casualty and Financial lines 6,986 1,156 8,142 Europe Property and Special risks 2,022 632 2,654 Europe and Japan Personal Insurance 2,348 349 2,697 U.S. Run-Off Long Tail Insurance Lines (before discount) 5,383 3,675 9,058 Total $ 45,200 $ 24,295 $ 69,495 Reconciling Items Discount on workers' compensation lines (3,383) Other product lines 8,568 Unallocated loss adjustment expenses 3,713 Total Loss Reserves $ 78,393
Schedule of development, (favorable) unfavorable, of incurred losses and loss adjustment expenses for accident year 2007 and prior by operating segment and major class of business	Years Ended December 31, (in millions) 2017 2016 2015 2007 and prior accident year development, excluding the impact of Adverse Development Reinsurance Agreement, by major class of of business and driver of development: U.S. Workers' compensation (before discount) $ 4 $ 1,009 $ 100 U.S. Excess casualty 141 107 450 U.S. Other casualty 10 338 440 U.S. Financial lines (44) 31 191 U.S. Property and Special risks 12 12 26 U.S. Personal Insurance 5 (13) 33 Europe Casualty and Financial lines 169 (6) (2) Europe Property and Special risks (5) 1 (1) Europe and Japan Personal Insurance 1 (5) 1 U.S. Long Tail Insurance lines (before discount) (46) 363 621 All Other including unallocated loss adjustment expenses 177 3 (11) Total prior year unfavorable development $ 424 $ 1,840 $ 1,848
Schedule of historical average annual percentage claims payout on an accident year basis	Average Annual Percentage Payout of Incurred Losses by Age, Net of Reinsurance (Unaudited) Year 1 2 3 4 5 6 7 8 9 10 U.S. Workers' compensation 14.7 % 17.6 % 12.4 % 9.1 % 7.7 % 5.3 % 4.1 % 3.0 % 2.2 % 1.8 % U.S. Excess casualty 0.6 7.0 13.0 13.4 12.5 11.0 8.4 10.0 2.8 8.3 U.S. Other casualty 9.9 16.3 15.4 14.5 11.8 8.2 5.9 5.6 2.6 1.9 U.S. Financial lines 4.0 17.9 21.1 16.7 13.2 9.3 6.1 6.0 3.0 1.2 U.S. Property and Special risks 30.2 35.7 13.0 7.2 4.6 2.5 1.0 0.9 0.7 0.3 U.S. Personal Insurance 61.4 27.6 3.8 2.2 1.2 0.6 0.4 0.2 0.1 0.2 Europe Casualty and Financial lines 7.9 17.0 13.7 13.7 9.8 7.5 6.3 4.6 5.0 1.0 Europe Property and Special risks 24.0 41.6 17.2 6.3 4.0 1.5 1.0 0.2 0.2 0.2 Europe and Japan Personal Insurance 56.0 26.9 8.0 3.8 2.0 1.1 0.6 0.3 0.3 0.1 U.S. Long Tail Insurance lines 9.8 18.3 16.9 12.5 10.7 6.7 4.0 3.1 1.9 2.0
Schedule of components of the loss reserve discount	December 31, 2017 December 31, 2016 Legacy Legacy Portfolio - Portfolio - General General North America Insurance Run- North America Insurance Run- Commercial Off Insurance Commercial Off Insurance (in millions) Insurance Lines Total Insurance Lines Total U.S. Workers' compensation $ 2,465 $ 918 $ 3,383 $ 2,583 $ 987 $ 3,570 Retroactive reinsurance (1,539) - (1,539) - - - Total reserve discount * $ 926 $ 918 $ 1,844 $ 2,583 $ 987 $ 3,570 * Excludes $173 million and $181 million of discount related to certain long tail liabilities in the United Kingdom at December 31, 2017 and December 31, 2016, respectively.
Schedule of loss reserve discount and loss reserve discount benefit (charge)	Years Ended December 31, 2017 2016 2015 Legacy Legacy Legacy Portfolio - Portfolio - Portfolio - General General General North Insurance North Insurance North Insurance America Run-Off America Run-Off America Run-Off Commercial Insurance Commercial Insurance Commercial Insurance (in millions) Insurance Lines Total Insurance Lines Total Insurance Lines Total Current accident year $ 114 $ - $ 114 $ 177 $ - $ 177 $ 182 $ - $ 182 Accretion and other adjustments to prior year discount (186) (44) (230) 287 64 351 (262) (74) (336) Effect of interest rate changes (46) (25) (71) (58) (48) (106) 148 77 225 Net reserve discount benefit (charge) (118) (69) (187) 406 16 422 68 3 71 Amount transferred to run-off insurance lines - - - - - - (39) 39 - Change in discount on loss reserves ceded under retroactive reinsurance (1,539) - (1,539) - - - - - - Net change in total reserve discount * (1,657) (69) (1,726) 406 16 422 29 42 71 Comprised of: U.S. Workers' compensation $ (1,657) $ (69) $ (1,726) $ 406 $ 23 $ 429 $ 29 $ 46 $ 75 Asbestos $ - $ - $ - $ - $ (7) $ (7) $ - $ (4) $ (4) Excludes $8 million and $20 million of discount related to certain long tail liabilities in the United Kingdom at December 31, 2017 and 2016, respectively.
Schedule of Policyholder contract deposits by product type	At December 31, (in millions) 2017 2016 Policyholder contract deposits: Fixed Annuities $ 49,979 $ 51,278 Group Retirement 40,422 39,578 Life Insurance 12,448 11,855 Variable and Index Annuities 19,690 16,934 Institutional Markets 8,077 7,286 Legacy Portfolio 4,986 5,285 Total Policyholder contract deposits $ 135,602 $ 132,216
U.S. Workers Compensation
Claims Development [Line Items]
Schedule of Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance Years Ended December 31, (dollars in millions) December 31, 2017 Accident Year 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement Total of IBNR Liabilities Plus Expected Development on Reported Losses Cumulative Number of Reported Claims Incurred Impact of Adverse Development Reinsurance Agreement 2017 (Net of Impact of Adverse Development Reinsurance Agreement) Total of IBNR Liabilities Net of Impact of Adverse Development Reinsurance Agreement Unaudited 2008 $ 4,114 $ 4,184 $ 4,422 $ 4,425 $ 4,471 $ 4,398 $ 4,385 $ 4,398 $ 4,547 $ 4,536 $ (11) $ 448 198,852 $ (416) $ 4,120 $ 32 2009 3,466 3,633 3,608 3,666 3,639 3,616 3,606 3,708 3,714 6 495 147,357 (416) 3,298 79 2010 2,706 3,049 3,125 3,148 3,211 3,214 3,286 3,267 (19) 451 133,191 (449) 2,818 2 2011 2,901 2,953 3,091 3,158 3,113 3,152 3,156 4 481 124,657 (479) 2,677 2 2012 2,382 2,194 2,286 2,260 2,334 2,308 (26) 503 70,625 (494) 1,814 9 2013 1,932 1,880 1,950 2,060 2,032 (28) 548 46,483 (538) 1,494 10 2014 1,729 1,764 1,866 1,862 (4) 664 39,408 (552) 1,310 112 2015 1,708 1,864 1,866 2 849 35,059 (587) 1,279 262 2016 1,299 1,346 47 773 28,880 - 1,346 773 2017 789 577 22,523 - 789 577 Total $ 24,876 $ (29) $ (3,931) $ 20,945 Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance from the table below (16,580) - - (16,580) Liabilities for losses and loss adjustment expenses and prior year development before accident year 2008, net of reinsurance 3,867 4 (1,616) 2,251 Unallocated loss adjustment expense prior year development (6) Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance $ 12,163 $ (31) $ (5,547) $ 6,616
Schedule of Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance Years Ended December 31, (dollars in millions) Accident Year 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Paid Impact of Adverse Development Reinsurance Agreement Unaudited 2008 $ 785 $ 1,678 $ 2,252 $ 2,655 $ 3,044 $ 3,272 $ 3,476 $ 3,609 $ 3,707 $ 3,789 $ - 2009 630 1,328 1,756 2,120 2,390 2,621 2,780 2,887 2,968 - 2010 550 1,093 1,537 1,855 2,126 2,288 2,426 2,532 - 2011 519 1,129 1,561 1,884 2,129 2,285 2,388 - 2012 415 804 1,089 1,272 1,440 1,563 - 2013 282 619 879 1,067 1,214 - 2014 231 558 786 930 - 2015 234 524 725 - 2016 147 378 - 2017 93 - Total $ 16,580 $ -
U.S. Excess Casualty
Claims Development [Line Items]
Schedule of Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance Years Ended December 31, (dollars in millions) December 31, 2017 Accident Year 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement Total of IBNR Liabilities Plus Expected Development on Reported Losses Cumulative Number of Reported Claims Incurred Impact of Adverse Development Reinsurance Agreement 2017 (Net of Impact of Adverse Development Reinsurance Agreement) Total of IBNR Liabilities Net of Impact of Adverse Development Reinsurance Agreement Unaudited 2008 $ 1,948 $ 1,968 $ 2,146 $ 1,933 $ 1,819 $ 1,875 $ 1,714 $ 1,662 $ 1,635 $ 1,658 $ 23 $ 188 4,662 $ (176) $ 1,482 $ 12 2009 1,831 1,897 1,797 1,638 1,457 1,321 1,407 1,518 1,522 4 210 3,789 (169) 1,353 41 2010 1,863 2,076 2,076 1,771 1,640 1,723 1,719 1,706 (13) 359 3,588 (260) 1,446 99 2011 1,766 1,807 1,581 1,416 1,521 1,606 1,623 17 350 3,520 (256) 1,367 94 2012 1,588 1,382 1,226 1,477 1,530 1,481 (49) 371 3,398 (323) 1,158 48 2013 1,073 973 1,113 1,258 1,178 (80) 441 2,722 (309) 869 132 2014 849 968 1,157 1,135 (22) 583 2,088 (355) 780 228 2015 892 1,334 1,320 (14) 602 1,770 (425) 895 177 2016 790 1,029 239 870 1,061 - 1,029 870 2017 758 725 376 - 758 725 Total $ 13,410 $ 105 $ (2,273) $ 11,137 Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance from the table below (7,120) - - (7,120) Liabilities for losses and loss adjustment expenses and prior year development before accident year 2008, net of reinsurance 1,649 141 (864) 785 Unallocated loss adjustment expense prior year development 8 Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance $ 7,939 $ 254 $ (3,137) $ 4,802
Schedule of Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance Years Ended December 31, (dollars in millions) Accident Year 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Paid Impact of Adverse Development Reinsurance Agreement Unaudited 2008 $ 11 $ 97 $ 439 $ 667 $ 842 $ 954 $ 1,061 $ 1,172 $ 1,226 $ 1,364 $ - 2009 8 69 249 449 624 788 965 1,174 1,212 - 2010 10 197 475 654 795 946 1,052 1,217 - 2011 5 63 225 386 716 921 1,069 - 2012 3 106 288 495 649 887 - 2013 15 104 204 382 546 - 2014 3 68 202 397 - 2015 9 192 361 - 2016 14 66 - 2017 1 - Total $ 7,120 $ -
U.S. Other Casualty
Claims Development [Line Items]
Schedule of Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance Years Ended December 31, (dollars in millions) December 31, 2017 Accident Year 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement Total of IBNR Liabilities Plus Expected Development on Reported Losses Cumulative Number of Reported Claims Incurred Impact of Adverse Development Reinsurance Agreement 2017 (Net of Impact of Adverse Development Reinsurance Agreement) Total of IBNR Liabilities Net of Impact of Adverse Development Reinsurance Agreement Unaudited 2008 $ 2,957 $ 2,773 $ 2,837 $ 2,901 $ 2,981 $ 2,983 $ 3,087 $ 3,154 $ 3,193 $ 3,175 $ (18) $ 204 117,484 $ (104) $ 3,071 $ 100 2009 2,416 2,517 2,586 2,582 2,697 2,818 2,880 2,863 2,855 (8) 144 90,101 (143) 2,712 1 2010 2,132 2,109 2,243 2,192 2,341 2,384 2,503 2,494 (9) 325 96,061 (133) 2,361 192 2011 2,052 2,222 2,321 2,458 2,601 2,639 2,596 (43) 256 75,189 (187) 2,409 69 2012 2,012 2,162 2,218 2,229 2,371 2,430 59 382 41,924 (210) 2,220 172 2013 1,662 1,739 1,918 2,152 2,183 31 450 36,699 (225) 1,958 225 2014 1,756 1,729 1,973 2,017 44 603 34,745 (331) 1,686 272 2015 1,340 1,778 1,847 69 752 31,409 (456) 1,391 296 2016 1,348 1,352 4 853 23,868 - 1,352 853 2017 616 487 15,172 - 616 487 Total $ 21,565 $ 129 $ (1,789) $ 19,776 Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance from the table below (15,521) - - (15,521) Liabilities for losses and loss adjustment expenses and prior year development before accident year 2008, net of reinsurance 1,406 10 (512) 894 Unallocated loss adjustment expense prior year development 77 Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance $ 7,450 $ 216 $ (2,301) $ 5,149
Schedule of Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance Years Ended December 31, (dollars in millions) Accident Year 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Paid Impact of Adverse Development Reinsurance Agreement Unaudited 2008 $ 277 $ 791 $ 1,251 $ 1,771 $ 2,119 $ 2,396 $ 2,586 $ 2,731 $ 2,835 $ 2,895 $ - 2009 393 842 1,253 1,650 2,002 2,241 2,386 2,607 2,664 - 2010 295 661 985 1,358 1,640 1,824 1,972 2,087 - 2011 235 726 1,109 1,488 1,822 2,048 2,220 - 2012 413 743 1,048 1,395 1,690 1,882 - 2013 169 592 956 1,243 1,483 - 2014 210 621 871 1,157 - 2015 111 321 783 - 2016 77 299 - 2017 51 - Total $ 15,521 $ -
U.S. Financial Lines
Claims Development [Line Items]
Schedule of Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance Years Ended December 31, (dollars in millions) December 31, 2017 Accident Year 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement Total of IBNR Liabilities Plus Expected Development on Reported Losses Cumulative Number of Reported Claims Incurred Impact of Adverse Development Reinsurance Agreement 2017 (Net of Impact of Adverse Development Reinsurance Agreement) Total of IBNR Liabilities Net of Impact of Adverse Development Reinsurance Agreement Unaudited 2008 $ 1,871 $ 2,045 $ 2,017 $ 1,847 $ 1,961 $ 1,897 $ 1,933 $ 2,066 $ 2,096 $ 2,106 $ 10 $ 36 21,719 $ (21) $ 2,085 $ 15 2009 1,693 1,780 1,845 1,904 2,097 2,189 2,183 2,273 2,310 37 60 22,613 (26) 2,284 34 2010 1,552 1,509 1,406 1,366 1,370 1,472 1,514 1,541 27 70 20,159 (31) 1,510 39 2011 1,816 1,734 1,902 1,902 1,935 1,965 1,997 32 50 20,048 (50) 1,947 - 2012 1,572 1,739 1,777 1,892 1,986 1,987 1 146 20,090 (83) 1,904 63 2013 1,767 1,691 1,643 1,597 1,541 (56) 248 18,996 (126) 1,415 122 2014 1,767 1,736 1,849 1,898 49 417 17,249 (198) 1,700 219 2015 1,705 1,744 1,719 (25) 665 15,698 (313) 1,406 352 2016 1,593 1,841 248 1,036 15,386 - 1,841 1,036 2017 1,560 1,369 13,428 - 1,560 1,369 Total $ 18,500 $ 323 $ (848) $ 17,652 Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance from the table below (12,615) - - (12,615) Liabilities for losses and loss adjustment expenses and prior year development before accident year 2008, net of reinsurance 88 (44) (21) 67 Unallocated loss adjustment expense prior year development 66 Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance $ 5,973 $ 345 $ (869) $ 5,104
Schedule of Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance Years Ended December 31, (dollars in millions) Accident Year 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Paid Impact of Adverse Development Reinsurance Agreement Unaudited 2008 $ 32 $ 420 $ 888 $ 1,183 $ 1,385 $ 1,590 $ 1,712 $ 1,897 $ 1,990 $ 2,016 $ - 2009 129 499 887 1,273 1,614 1,838 1,964 2,056 2,092 - 2010 31 285 566 800 1,017 1,180 1,280 1,361 - 2011 165 494 886 1,210 1,528 1,732 1,862 - 2012 76 406 815 1,252 1,497 1,625 - 2013 43 333 686 945 1,142 - 2014 66 371 853 1,159 - 2015 66 393 792 - 2016 76 500 - 2017 66 - Total $ 12,615 $ -
U.S. Property and Specialty Risks
Claims Development [Line Items]
Schedule of Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance Years Ended December 31, (dollars in millions) December 31, 2017 Accident Year 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement Total of IBNR Liabilities Plus Expected Development on Reported Losses Cumulative Number of Reported Claims Incurred Impact of Adverse Development Reinsurance Agreement 2017 (Net of Impact of Adverse Development Reinsurance Agreement) Total of IBNR Liabilities Net of Impact of Adverse Development Reinsurance Agreement Unaudited 2008 $ 3,531 $ 3,789 $ 3,747 $ 3,700 $ 3,659 $ 3,609 $ 3,585 $ 3,581 $ 3,576 $ 3,575 $ (1) $ 20 56,526 $ (14) $ 3,561 $ 6 2009 1,919 1,704 1,689 1,700 1,662 1,665 1,656 1,664 1,663 (1) 18 42,897 (13) 1,650 5 2010 2,275 2,042 2,009 2,049 2,061 2,038 2,043 2,058 15 21 42,276 (18) 2,040 3 2011 3,045 2,917 2,872 2,878 2,867 2,910 2,919 9 43 43,849 (19) 2,900 24 2012 3,470 3,617 3,585 3,576 3,697 3,691 (6) 62 42,278 (25) 3,666 37 2013 1,975 1,972 1,859 1,926 1,949 23 74 41,937 (38) 1,911 36 2014 2,355 2,143 2,220 2,213 (7) 140 50,160 (61) 2,152 79 2015 2,398 2,312 2,299 (13) 203 50,624 (98) 2,201 105 2016 2,516 2,580 64 402 45,583 - 2,580 402 2017 4,085 1,331 29,709 - 4,085 1,331 Total $ 27,032 $ 83 $ (286) 26,746 Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance from the table below (21,589) - - (21,589) Liabilities for losses and loss adjustment expenses and prior year development before accident year 2008, net of reinsurance 318 12 (65) 253 Unallocated loss adjustment expense prior year development 20 Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance $ 5,761 $ 115 $ (351) 5,410
Schedule of Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance Years Ended December 31, (dollars in millions) Accident Year 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Paid Impact of Adverse Development Reinsurance Agreement Unaudited 2008 $ 1,323 $ 2,679 $ 3,150 $ 3,342 $ 3,457 $ 3,487 $ 3,498 $ 3,515 $ 3,530 $ 3,540 $ - 2009 495 1,044 1,288 1,443 1,528 1,580 1,597 1,618 1,633 - 2010 654 1,391 1,657 1,799 1,880 1,940 1,978 2,001 - 2011 880 1,988 2,417 2,593 2,734 2,812 2,840 - 2012 734 2,410 2,978 3,273 3,456 3,565 - 2013 586 1,275 1,469 1,620 1,732 - 2014 745 1,452 1,713 1,869 - 2015 820 1,501 1,766 - 2016 799 1,689 - 2017 954 - Total $ 21,589 $ -
U.S. Personal Insurance
Claims Development [Line Items]
Schedule of Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance Years Ended December 31, (dollars in millions) December 31, 2017 Accident Year 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement Total of IBNR Liabilities Plus Expected Development on Reported Losses Cumulative Number of Reported Claims Incurred Impact of Adverse Development Reinsurance Agreement 2017 (Net of Impact of Adverse Development Reinsurance Agreement) Total of IBNR Liabilities Net of Impact of Adverse Development Reinsurance Agreement Unaudited 2008 $ 1,630 $ 1,638 $ 1,640 $ 1,654 $ 1,654 $ 1,654 $ 1,663 $ 1,666 $ 1,664 $ 1,668 $ 4 $ 1 292,830 $ (1) $ 1,667 $ - 2009 1,763 1,697 1,649 1,663 1,664 1,664 1,668 1,667 1,671 4 4 375,959 - 1,671 4 2010 1,843 1,809 1,819 1,819 1,820 1,819 1,817 1,817 - 2 422,527 (1) 1,816 1 2011 1,886 1,908 1,896 1,891 1,890 1,886 1,881 (5) 1 412,670 (1) 1,880 - 2012 2,208 2,128 2,109 2,083 2,077 2,094 17 4 403,542 (3) 2,091 1 2013 1,887 1,816 1,803 1,782 1,780 (2) 7 334,474 (6) 1,774 1 2014 1,552 1,562 1,572 1,572 - 19 273,481 (8) 1,564 11 2015 1,511 1,498 1,494 (4) 23 258,241 (19) 1,475 4 2016 1,536 1,533 (3) 73 240,892 - 1,533 73 2017 2,028 571 185,198 - 2,028 571 Total $ 17,538 $ 11 $ (39) 17,499 Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance from the table below (16,053) - - (16,053) Liabilities for losses and loss adjustment expenses and prior year development before accident year 2008, net of reinsurance (65) 5 (1) (66) Unallocated loss adjustment expense prior year development - Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance $ 1,420 $ 16 $ (40) 1,380
Schedule of Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance Years Ended December 31, (dollars in millions) Accident Year 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Paid Impact of Adverse Development Reinsurance Agreement Unaudited 2008 $ 1,151 $ 1,493 $ 1,569 $ 1,609 $ 1,634 $ 1,644 $ 1,656 $ 1,660 $ 1,663 $ 1,665 $ - 2009 1,129 1,563 1,567 1,618 1,639 1,650 1,658 1,663 1,664 - 2010 1,205 1,669 1,736 1,772 1,794 1,803 1,808 1,810 - 2011 1,204 1,752 1,814 1,840 1,860 1,869 1,873 - 2012 1,238 1,936 1,996 2,035 2,065 2,079 - 2013 1,109 1,634 1,705 1,744 1,759 - 2014 959 1,380 1,463 1,507 - 2015 931 1,320 1,411 - 2016 857 1,344 - 2017 941 - Total $ 16,053 $ -
Europe Casualty and Financial Lines
Claims Development [Line Items]
Schedule of Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance* Years Ended December 31, (dollars in millions) December 31, 2017 Accident Year 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2017 Prior Year Development Total of IBNR Liabilities Plus Expected Development on Reported Losses Cumulative Number of Reported Claims Unaudited 2008 $ 1,511 $ 1,615 $ 1,632 $ 1,580 $ 1,595 $ 1,599 $ 1,649 $ 1,605 $ 1,604 $ 1,604 $ - $ 24 236,384 2009 1,746 1,844 1,858 1,856 1,885 1,906 1,912 1,996 2,030 34 103 236,270 2010 1,484 1,436 1,432 1,457 1,380 1,420 1,377 1,445 68 77 274,310 2011 1,414 1,352 1,426 1,465 1,552 1,554 1,597 43 83 264,629 2012 1,224 1,193 1,150 1,222 1,263 1,232 (31) 103 217,887 2013 1,221 1,277 1,257 1,258 1,305 47 194 185,435 2014 1,280 1,267 1,302 1,303 1 340 175,630 2015 1,337 1,515 1,538 23 588 188,348 2016 1,563 1,716 153 724 221,122 2017 1,587 1,214 204,712 Total $ 15,357 $ 338 Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance from the table below (8,965) - Liabilities for losses and loss adjustment expenses and prior year development before accident year 2008, net of reinsurance 594 169 Unallocated loss adjustment expense prior year development - Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance $ 6,986 $ 507 * The losses reported in the table are not covered by the Adverse Development Reinsurance Agreement.
Schedule of Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance* Years Ended December 31, (dollars in millions) Accident Year 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Unaudited 2008 $ 130 $ 477 $ 726 $ 961 $ 1,118 $ 1,245 $ 1,323 $ 1,375 $ 1,455 $ 1,471 2009 139 418 708 970 1,139 1,274 1,442 1,581 1,681 2010 147 420 635 808 947 1,042 1,109 1,162 2011 140 376 564 811 963 1,108 1,224 2012 121 334 484 677 809 897 2013 105 375 543 736 877 2014 86 299 494 628 2015 80 286 486 2016 140 426 2017 113 Total $ 8,965 * The losses reported in the table are not covered by the Adverse Development Reinsurance Agreement.
Europe Property and Special Risks
Claims Development [Line Items]
Schedule of Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance* Years Ended December 31, (dollars in millions) December 31, 2017 Accident Year 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2017 Prior Year Development Total of IBNR Liabilities Plus Expected Development on Reported Losses Cumulative Number of Reported Claims Unaudited 2008 $ 633 $ 636 $ 644 $ 643 $ 632 $ 626 $ 620 $ 618 $ 614 $ 613 $ (1) $ - 41,602 2009 738 666 675 674 666 680 655 655 655 - 3 39,109 2010 788 747 719 703 712 703 706 707 1 - 40,389 2011 763 687 648 642 631 628 628 - - 39,925 2012 728 682 648 630 615 627 12 (2) 34,457 2013 914 915 842 840 842 2 (1) 32,405 2014 994 1,046 1,052 1,050 (2) 1 38,719 2015 1,226 1,219 1,248 29 12 41,799 2016 1,118 1,239 121 24 40,629 2017 1,377 390 29,313 Total $ 8,986 $ 162 Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance from the table below (6,971) - Liabilities for losses and loss adjustment expenses and prior year development before accident year 2008, net of reinsurance 7 (5) Unallocated loss adjustment expense prior year development - Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance $ 2,022 $ 157 * The losses reported in the table are not covered by the Adverse Development Reinsurance Agreement.
Schedule of Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance* Years Ended December 31, (dollars in millions) Accident Year 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Unaudited 2008 $ 148 $ 399 $ 511 $ 546 $ 577 $ 590 $ 596 $ 596 $ 598 $ 599 2009 183 429 532 585 613 620 632 634 635 2010 187 489 584 634 672 686 690 693 2011 181 444 543 581 591 599 604 2012 154 410 511 549 572 580 2013 193 535 700 751 786 2014 220 669 885 939 2015 290 778 1,005 2016 300 894 2017 236 Total $ 6,971 * The losses reported in the table are not covered by the Adverse Development Reinsurance Agreement.
Europe and Japan Personal Insurance
Claims Development [Line Items]
Schedule of Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance* Years Ended December 31, (dollars in millions) December 31, 2017 Accident Year 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2017 Prior Year Development Total of IBNR Liabilities Plus Expected Development on Reported Losses Cumulative Number of Reported Claims Unaudited 2008 $ 2,869 $ 2,911 $ 2,904 $ 2,908 $ 2,915 $ 2,919 $ 2,913 $ 2,916 $ 2,912 $ 2,914 $ 2 $ 3 1,577,002 2009 2,913 2,900 2,901 2,920 2,909 2,907 2,900 2,902 2,902 - 5 1,605,992 2010 2,969 3,007 3,015 3,003 3,004 2,999 3,027 3,030 3 8 1,819,631 2011 3,274 3,324 3,293 3,295 3,284 3,288 3,287 (1) 10 1,777,001 2012 2,898 2,867 2,851 2,836 2,845 2,846 1 16 1,729,298 2013 2,747 2,736 2,705 2,706 2,702 (4) 25 1,734,759 2014 2,717 2,716 2,698 2,690 (8) 45 1,789,718 2015 2,795 2,756 2,746 (10) 92 1,762,514 2016 2,734 2,692 (42) 194 1,762,768 2017 2,659 549 1,502,118 Total $ 28,468 $ (59) Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance from the table below (26,161) - Liabilities for losses and loss adjustment expenses and prior year development before accident year 2008, net of reinsurance 41 1 Unallocated loss adjustment expense prior year development - Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance $ 2,348 $ (58) * The losses reported in the table are not covered by the Adverse Development Reinsurance Agreement.
Schedule of Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance* Years Ended December 31, (dollars in millions) Accident Year 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Unaudited 2008 $ 1,602 $ 2,421 $ 2,655 $ 2,773 $ 2,829 $ 2,865 $ 2,880 $ 2,887 $ 2,896 $ 2,899 2009 1,627 2,412 2,656 2,765 2,821 2,850 2,867 2,879 2,886 2010 1,703 2,497 2,741 2,852 2,909 2,944 2,963 2,975 2011 1,987 2,787 3,022 3,134 3,198 3,227 3,244 2012 1,614 2,363 2,591 2,698 2,754 2,785 2013 1,503 2,246 2,462 2,569 2,625 2014 1,476 2,225 2,447 2,558 2015 1,501 2,270 2,493 2016 1,500 2,231 2017 1,465 Total $ 26,161 * The losses reported in the table are not covered by the Adverse Development Reinsurance Agreement.
U.S. Run-Off Long Tail Insurance Lines
Claims Development [Line Items]
Schedule of Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance* Years Ended December 31, (dollars in millions) December 31, 2017 Accident Year 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2017 Prior Year Development Total of IBNR Liabilities Plus Expected Development on Reported Losses Cumulative Number of Reported Claims Unaudited 2008 $ 945 $ 1,035 $ 884 $ 868 $ 909 $ 926 $ 978 $ 976 $ 983 $ 985 $ 2 $ 65 40,075 2009 553 532 544 579 635 602 599 580 576 (4) 75 16,237 2010 640 528 534 557 585 582 611 565 (46) 68 8,490 2011 534 542 576 641 676 685 700 15 97 7,798 2012 629 678 741 786 751 752 1 104 4,053 2013 482 533 589 570 528 (42) 84 2,510 2014 379 475 453 459 6 164 2,307 2015 439 523 550 27 174 2,285 2016 294 285 (9) 98 1,591 2017 197 163 607 Total $ 5,597 $ (50) Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance from the table below (3,830) - Liabilities for losses and loss adjustment expenses and prior year development before accident year 2008, net of reinsurance 3,616 (46) Unallocated loss adjustment expense prior year development 66 Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance $ 5,383 $ (30) * The losses reported in the table are not covered by the Adverse Development Reinsurance Agreement.
Schedule of Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance* Years Ended December 31, (dollars in millions) Accident Year 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Unaudited 2008 $ 133 $ 370 $ 497 $ 572 $ 657 $ 726 $ 787 $ 832 $ 846 $ 866 2009 42 134 231 286 368 409 429 447 461 2010 57 149 243 321 404 435 455 464 2011 21 140 259 385 449 532 549 2012 86 194 286 414 481 498 2013 87 154 261 321 368 2014 21 96 185 233 2015 35 132 238 2016 53 140 2017 13 Total $ 3,830 * The losses reported in the table are not covered by the Adverse Development Reinsurance Agreement.

VARIABLE LIFE AND ANNUITY CON54

VARIABLE LIFE AND ANNUITY CONTRACTS (Tables)	12 Months Ended
	Dec. 31, 2017
VARIABLE LIFE AND ANNUITY CONTRACTS
Schedule of Account balances of variable annuity contracts with guarantees were invested in separate account investment	At December 31, (in millions) 2017 2016 Equity funds $ 48,594 $ 42,266 Bond funds 7,793 7,798 Balanced funds 27,656 25,365 Money market funds 730 840 Total $ 84,773 $ 76,269
Schedule of details concerning entity's GMDB exposures, by benefit type	At December 31, 2017 2016 Net Deposits Net Deposits Plus a Minimum Highest Contract Plus a Minimum Highest Contract (dollars in billions) Return Value Attained Return Value Attained Account value $ 99 $ 17 $ 91 $ 16 Net amount at risk 1 - 1 1 Average attained age of contract holders by product 63 68 63 68 Range of guaranteed minimum return rates 0%-4.5% 0%-4.5%
Schedule of changes in GMDB liabilities for guarantees on variable contracts reflected in the general account	Years Ended December 31, (in millions) 2017 2016 2015 Balance, beginning of year $ 402 $ 491 $ 420 Reserve increase (decrease) (14) (32) 127 Benefits paid (42) (57) (56) Changes in reserves related to unrealized appreciation of investments 6 - - Balance, end of year $ 352 $ 402 $ 491

DEBT (Tables)

DEBT (Tables)	12 Months Ended
	Dec. 31, 2017
DEBT
Schedule of total debt outstanding	Balance at Balance at At December 31, 2017 Range of Maturity December 31, December 31, (in millions) Interest Rate(s) Date(s) 2017 2016 Debt issued or guaranteed by AIG: AIG general borrowings: Notes and bonds payable 0% - 8.13% 2018 - 2097 $ 20,339 $ 19,432 Junior subordinated debt 4.88% - 8.63% 2037 - 2058 841 843 AIG Japan Holdings Kabushiki Kaisha 0.28% - 0.44% 2020 - 2021 334 330 AIGLH notes and bonds payable 6.63% - 7.50% 2025 - 2029 281 281 AIGLH junior subordinated debt 7.57% - 8.50% 2030 - 2046 361 361 Total AIG general borrowings 22,156 21,247 AIG borrowings supported by assets: (a) MIP notes payable 2.72% - 2.95% 2018 356 1,099 Series AIGFP matched notes and bonds payable 1.21% - 1.30% 2046 - 2047 21 32 GIAs, at fair value 0.50% - 7.62% 2018 - 2053 2,707 2,934 Notes and bonds payable, at fair value 0.50% - 9.97% 2018 - 2040 181 494 Total AIG borrowings supported by assets 3,265 4,559 Total debt issued or guaranteed by AIG 25,421 25,806 Debt not guaranteed by AIG: Other subsidiaries notes, bonds, loans and mortgages payable 1.40% - 1.57% 2018 190 735 Debt of consolidated investments (b) 0% - 9.31% 2018 - 2065 6,029 4,371 Total debt not guaranteed by AIG 6,219 5,106 Total long term debt $ 31,640 $ 30,912 (a) AIG Parent guarantees all such debt, except for MIP notes payable and Series AIGFP matched notes and bonds payable, which are direct obligations of AIG Parent. Collateral posted to third parties was $ 2.0 billion and $ 2.2 billion at December 31, 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 o r resold by the counterparties. (b ) At December 31, 2017 , includes debt of consol idated investment vehicles related to real estate investments of $ 2.5 billion, affordable housing partnership investments of $ 1.8 b illion and other securitization vehicles of $ 1.7 b illion . At December 31, 2016 , includes debt of consol idated investment vehicles related to real estate investments of $ 1.9 billio n, affordable housing partnership investments of $ 1.7 b illion and other securitization vehicles of $ 771 m illion .
Maturities of long-term debt, excluding borrowings of debt of consolidated investments	December 31, 2017 Year Ending (in millions) Total 2018 2019 2020 2021 2022 Thereafter Debt issued or guaranteed by AIG: AIG general borrowings: Notes and bonds payable $ 20,339 $ 1,107 $ 998 $ 1,343 $ 1,496 $ 1,507 $ 13,888 Junior subordinated debt 841 - - - - - 841 AIG Japan Holdings Kabushiki Kaisha 334 - - 115 219 - - AIGLH notes and bonds payable 281 - - - - - 281 AIGLH junior subordinated debt 361 - - - - - 361 Total AIG general borrowings 22,156 1,107 998 1,458 1,715 1,507 15,371 AIG borrowings supported by assets: MIP notes payable 356 356 - - - - - Series AIGFP matched notes and bonds payable 21 - - - - - 21 GIAs, at fair value 2,707 506 265 30 202 47 1,657 Notes and bonds payable, at fair value 181 126 - - - - 55 Total AIG borrowings supported by assets 3,265 988 265 30 202 47 1,733 Total debt issued or guaranteed by AIG 25,421 2,095 1,263 1,488 1,917 1,554 17,104 Other subsidiaries notes, bonds, loans and mortgages payable 190 190 - - - - - Total $ 25,611 $ 2,285 $ 1,263 $ 1,488 $ 1,917 $ 1,554 $ 17,104
Schedule of detail for uncollateralized and collateralized notes, bonds, loans and mortgages payable	Uncollateralized Collateralized At December 31, 2017 Notes/Bonds/Loans Loans and (in millions) Payable Mortgages Payable Total AIG general borrowings $ 334 $ - $ 334 Other subsidiaries notes, bonds, loans and mortgages payable * - 190 190 Total $ 334 $ 190 $ 524 * AIG does not guarantee any of these borrowings.
Summary of Credit Facility	At December 31, 2017 Available Effective (in millions) Size Amount Expiration Date Syndicated Credit Facility $ 4,500 $ 4,500 June 2022 6/27/2017

CONTINGENCIES, COMMITMENTS AN56

CONTINGENCIES, COMMITMENTS AND GUARANTEES (Tables)	12 Months Ended
	Dec. 31, 2017
CONTINGENCIES, COMMITMENTS AND GUARANTEES
Future minimum lease payments under operating leases	(in millions) 2018 $ 243 2019 179 2020 137 2021 95 2022 59 Remaining years after 2022 120 Total $ 833

EQUITY (Tables)

EQUITY (Tables)	12 Months Ended
	Dec. 31, 2017
EQUITY
Rollforward of common stock outstanding	Common Treasury Common Stock Stock Issued Stock Outstanding Year Ended December 31, 2015 Shares, beginning of year 1,906,671,492 (530,744,521) 1,375,926,971 Shares issued - 371,806 371,806 Shares repurchased - (182,382,160) (182,382,160) Shares, end of year 1,906,671,492 (712,754,875) 1,193,916,617 Year Ended December 31, 2016 Shares, beginning of year 1,906,671,492 (712,754,875) 1,193,916,617 Shares issued - 2,069,110 2,069,110 Shares repurchased - (200,649,886) (200,649,886) Shares, end of year 1,906,671,492 (911,335,651) 995,335,841 Year Ended December 31, 2017 Shares, beginning of year 1,906,671,492 (911,335,651) 995,335,841 Shares issued - 3,386,462 3,386,462 Shares repurchased - (99,677,646) (99,677,646) Shares, end of year 1,906,671,492 (1,007,626,835) 899,044,657
Dividends Paid	Dividends Paid Record Date Payment Date Per Share December 8, 2017 December 22, 2017 $ 0.32 September 15, 2017 September 29, 2017 0.32 June 14, 2017 June 28, 2017 0.32 March 15, 2017 March 29, 2017 0.32 December 8, 2016 December 22, 2016 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 December 7, 2015 December 21, 2015 0.28 September 14, 2015 September 28, 2015 0.28 June 11, 2015 June 25, 2015 0.125 March 12, 2015 March 26, 2015 0.125
Repurchases Of Common Stock and Warrant	Years Ended December 31, (in millions) 2017 2016 2015 (a) Aggregate repurchases of common stock $ 6,275 $ 11,460 $ 10,691 Total number of common shares repurchased 100 201 182 Aggregate repurchases of warrants $ 3 $ 309 $ - Total number of warrants repurchased (b) - 17 - (a) T h e total number of shares of AIG Common Stock repurchased in 2015 includes (but the aggregate purchase price does not include) approximately 3.5 million shares of AIG Common Stock received in January 2015 upon the settlement of an accelerated stock repurchase ( ASR ) agreement executed in the fourth quarter of 2014. (b) In 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 Appreciation Foreign Retirement on Which Other-Than- (Depreciation) Currency Plan Temporary Credit of All Other Translation Liabilities (in millions) Impairments Were Taken Investments Adjustments Adjustment Total Balance, January 1, 2015, net of tax $ 1,043 $ 12,327 $ (1,784) $ (969) $ 10,617 Change in unrealized depreciation of investments (488) (10,519) - - (11,007) Change in deferred policy acquisition costs adjustment and other (146) 1,265 - - 1,119 Change in future policy benefits 92 1,112 - - 1,204 Change in foreign currency translation adjustments - - (1,129) - (1,129) Change in net actuarial gain - - - 413 413 Change in prior service credit - - - (239) (239) Change in deferred tax asset (liability) 195 1,380 29 (51) 1,553 Total other comprehensive income (loss) (347) (6,762) (1,100) 123 (8,086) Noncontrolling interests - (1) (5) - (6) Balance, December 31, 2015, net of tax $ 696 $ 5,566 $ (2,879) $ (846) $ 2,537 Change in unrealized appreciation (depreciation) of investments (326) 931 - - 605 Change in deferred policy acquisition costs adjustment and other (19) 286 - - 267 Change in future policy benefits - (676) - - (676) Change in foreign currency translation adjustments - - 93 - 93 Change in net actuarial loss - - - (151) (151) Change in prior service credit - - - (22) (22) Change in deferred tax asset 75 298 157 47 577 Total other comprehensive income (loss) (270) 839 250 (126) 693 Noncontrolling interests - - - - - Balance, December 31, 2016, net of tax $ 426 $ 6,405 $ (2,629) $ (972) $ 3,230 Change in unrealized appreciation of investments 394 3,668 - - 4,062 Change in deferred policy acquisition costs adjustment and other 23 (1,282) - - (1,259) Change in future policy benefits - (1,102) - - (1,102) Change in foreign currency translation adjustments - - 547 - 547 Change in net actuarial gain - - - 110 110 Change in prior service cost - - - 9 9 Change in deferred tax asset (liability) (50) 4 (8) (78) (132) Total other comprehensive income 367 1,288 539 41 2,235 Noncontrolling interests - - - - - Balance, December 31, 2017, net of tax $ 793 $ 7,693 $ (2,090) $ (931) $ 5,465
Other comprehensive income (loss) reclassification adjustments	Unrealized Appreciation (Depreciation) of Fixed Unrealized Maturity Securities Appreciation Foreign Retirement on Which Other- (Depreciation) Currency Plan Than-Temporary Credit of All Other Translation Liabilities (in millions) Impairments Were Taken Investments Adjustments Adjustment Total December 31, 2015 Unrealized change arising during period $ (471) $ (7,068) $ (1,129) $ 285 $ (8,383) Less: Reclassification adjustments included in net income 71 1,074 - 111 1,256 Total other comprehensive income (loss), before income tax expense (benefit) (542) (8,142) (1,129) 174 (9,639) Less: Income tax expense (benefit) (195) (1,380) (29) 51 (1,553) Total other comprehensive income (loss), net of income tax expense (benefit) $ (347) $ (6,762) $ (1,100) $ 123 $ (8,086) December 31, 2016 Unrealized change arising during period $ (222) $ 1,769 $ 93 $ (344) $ 1,296 Less: Reclassification adjustments included in net income 123 1,228 - (171) 1,180 Total other comprehensive income (loss), before income tax expense (benefit) (345) 541 93 (173) 116 Less: Income tax benefit (75) (298) (157) (47) (577) Total other comprehensive income (loss), net of income tax benefit $ (270) $ 839 $ 250 $ (126) $ 693 December 31, 2017 Unrealized change arising during period $ 467 $ 2,052 $ 547 $ 24 $ 3,090 Less: Reclassification adjustments included in net income 50 768 - (95) 723 Total other comprehensive income, before income tax expense 417 1,284 547 119 2,367 Less: Income tax expense (benefit) 50 (4) 8 78 132 Total other comprehensive income, net of income tax expense (benefit) $ 367 $ 1,288 $ 539 $ 41 $ 2,235
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 Years Ended December 31, Comprehensive Income Affected Line Item in the (in millions) 2017 2016 2015 Consolidated Statements of Income Unrealized appreciation (depreciation) of fixed maturity securities on which other-than-temporary credit impairments were taken Investments $ 50 $ 123 $ 71 Other realized capital gains Total 50 123 71 Unrealized appreciation (depreciation) of all other investments Investments 463 935 1,054 Other realized capital gains Deferred acquisition costs adjustment 305 293 3 Amortization of deferred policy acquisition costs Future policy benefits - - 17 Policyholder benefits and losses incurred Total 768 1,228 1,074 Change in retirement plan liabilities adjustment Prior-service credit 5 15 214 * Actuarial losses (100) (186) (103) * Total (95) (171) 111 Total reclassifications for the period $ 723 $ 1,180 $ 1,256 * These Accumulated other comprehensive income components are included in the computation of net periodic pension cost. See Note 21 to the Consolidated Financial Statements.

EARNINGS PER SHARE (EPS) (Table

EARNINGS PER SHARE (EPS) (Tables)	12 Months Ended
	Dec. 31, 2017
EARNINGS PER SHARE (EPS)
Computation of basic and diluted EPS	Years Ended December 31, (dollars in millions, except per share data) 2017 2016 2015 Numerator for EPS: Income (loss) from continuing operations $ (6,060) $ (259) $ 2,222 Less: Net income from continuing operations attributable to noncontrolling interests 28 500 26 Income (loss) attributable to AIG common shareholders from continuing operations (6,088) (759) 2,196 Income (loss) from discontinued operations, net of income tax expense 4 (90) - Net income (loss) attributable to AIG common shareholders $ (6,084) $ (849) $ 2,196 Denominator for EPS: Weighted average shares outstanding — basic 930,561,286 1,091,085,131 1,299,825,350 Dilutive shares - - 34,639,533 Weighted average shares outstanding — diluted (a)(b) 930,561,286 1,091,085,131 1,334,464,883 Income (loss) per common share attributable to AIG: Basic: Income (loss) from continuing operations $ (6.54) $ (0.70) $ 1.69 Income from discontinued operations $ - $ (0.08) $ - Income (loss) attributable to AIG $ (6.54) $ (0.78) $ 1.69 Diluted: Income (loss) from continuing operations $ (6.54) $ (0.70) $ 1.65 Income from discontinued operations $ - $ (0.08) $ - Income (loss) attributable to AIG $ (6.54) $ (0.78) $ 1.65 (a) Shares in the diluted EPS calculation represent basic shares for 2017 and 2016 due to the net losses in those period s . The shares excluded from the calculation were 22,412,682 shares and 30,326,772 shares for the years ended December 31, 2017 and 2016, respectively. (b) Dilutive shares included 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 were 1.7 million, 0.2 million and 0.2 million for the years ended December 31, 2017 , 2016 and 2015 , respectively, because the effect of including those shares in the calculation would have been anti-dilutive.

STATUTORY FINANCIAL DATA AND 59

STATUTORY FINANCIAL DATA AND RESTRICTIONS (Tables)	12 Months Ended
	Dec. 31, 2017
STATUTORY FINANCIAL DATA AND RESTRICTIONS
Schedule of statutory capital and surplus and net income (loss) for AIG property casualty and AIG life and retirement operations in accordance with statutory accounting practices	(in millions) 2017 2016 2015 Years Ended December 31, Statutory net income (loss) (a)(b)(c) : General Insurance companies : Domestic (c) $ (622) $ 260 $ 1,444 Foreign (333) (1,326) 594 Total General Insurance companies $ (955) $ (1,066) $ 2,038 Life and Retirement companies : Domestic $ 932 $ 2,252 $ 2,200 Foreign 21 47 (5) Total Life and Retirement companies $ 953 $ 2,299 $ 2,195 At December 31, Statutory capital and surplus (a)(b)(c) : General Insurance companies : Domestic (c) $ 21,514 $ 21,665 Foreign 11,695 12,587 Total General Insurance companies $ 33,209 $ 34,252 Life and Retirement companies : Domestic $ 11,872 $ 12,314 Foreign 446 490 Total Life and Retirement companies $ 12,318 $ 12,804 Aggregate minimum required statutory capital and surplus : General Insurance companies : Domestic $ 5,307 $ 5,183 Foreign 6,166 7,257 Total General Insurance companies $ 11,473 $ 12,440 Life and Retirement companies : Domestic $ 3,148 $ 3,088 Foreign 121 234 Total Life and Retirement companies $ 3,269 $ 3,322 (a) Excludes discontinued operations and other divested businesses. Statutory capital and surplus and net income (loss) with respect to foreign operations are as of November 30. (b) In aggregate, the 201 6 General Insurance c ompanies and Life and Retirement c ompanies statutory net income increased by $ 479 million and the 201 6 General Insurance c ompanies and Life and Retirement c ompanies statutory capital and surplus decreased by $ 305 m illion, compare d to the amounts previously reported in our Annual Report on Form 10-K for the year ended December 31, 201 6 , due to finalization of statutory filings. (c) General Insurance companies recognized $ 200 million of capital contributions from AIG Parent in their statutory financial statements as of December 31, 201 6 related to the reserve strengthening in the fourth quarter . This capital contribution was received in February 2017 .

SHARE-BASED AND OTHER COMPENS60

SHARE-BASED AND OTHER COMPENSATION PLANS (Tables)	12 Months Ended
	Dec. 31, 2017
SHARE-BASED AND OTHER COMPENSATION PLANS
Schedule of share-based compensation expense recognized in Consolidated Statements of Income	Years Ended December 31, (in millions) 2017 2016 2015 Share-based compensation expense - pre-tax * $ 353 $ 237 $ 365 Share-based compensation expense - after tax 229 154 237 * We recognized $ 141 million, $ 105 million and $ 147 million for immediately vested stock-settled awards issued to retirement eligible employees in 2017 , 2016 and 2015 , respectively. We also recognized $ 40 million of excess tax benefits due to share settlements occurring in 2017.
Schedule of assumptions used to estimate the fair value of PSUs based on AIG's TSR	2017 2016 2015 Expected dividend yield (a) 2.37 % 2.17 % 1.78 % Expected volatility (b) 17.58 % 24.55 % 22.71 % Risk-free interest rate (c) 2.00 % 1.30 % 1.01 % (a) The dividend yield is the projected annualized AIG dividend yield estimated by Bloomberg Professional service as of the valuation date. (b) The expected volatility is based on the historical volatility of the stock price for the 360 most recent trading days prior to the valuation date estimated by Bloomberg Professional service . (c) The risk-free interest rate is the continuousl y compounded interest rate for the term between the valuation dat e and the end of the performance period that is assumed to be constant and equal to the interpolated value between the closest data points on the U.S. dollar LIBOR-swap curve as of the valuation date
Summary of outstanding share-settled LTI awards	Weighted Average As of or for the Year Number of Units Grant-Date Fair Value Ended December 31, 2017 (b) 2017 LTI 2016 LTI 2015 LTI 2014 LTI 2013 LTI 2017 LTI 2016 LTI 2015 LTI 2014 LTI 2013 LTI Unvested, beginning of year - 2,588,598 2,176,555 1,732,616 1,581,904 $ - $ 51.12 $ 55.52 $ 48.88 $ 38.03 Granted 3,996,978 2,806 - 122,378 - 64.83 36.49 - 48.57 - Vested (c) (971,945) (182,938) (201,256) (957,045) (968,930) 64.09 60.29 59.04 48.89 37.98 Forfeited (84,987) (138,263) (121,456) (74,638) (36,764) 65.24 51.10 55.01 49.02 39.14 Unvested, at modification date 2,940,046 2,270,203 1,853,843 823,311 576,210 $ 65.07 $ 50.37 $ 55.17 $ 48.81 $ 38.04 Cancelled at modification date (1,082,417) (2,951,417) (2,229,873) - - 67.47 52.00 54.56 - - Granted at modification date 1,082,417 2,646,866 2,094,629 - - 62.13 62.13 62.13 - - Sub-total, net impact of modification - (304,551) (135,244) - - - 55.01 56.33 - - Vested - post-modification (c) (766,931) (495,222) (424,788) - - 64.01 62.13 61.82 - - Forfeited - post-modification - (2,685) (2,023) - - - 62.13 62.13 - - Unvested, end of year (d) 2,173,115 1,467,745 1,291,788 823,311 576,210 $ 62.78 $ 60.90 $ 60.02 $ 48.81 $ 38.04 (a) Excludes stock options and DSUs, which are discussed under Stock Options and Non-Employee Plan, respectively. (b) Except for the 2013 and 2014 LTI award, PSUs represent target amount granted, and does not reflect potential increases or decreases that could result from the final outcome of the performance goals for the respective awards, which is determined in the quarter after the applicable performance period ends. (c) Also r eflects units that vest as a result of an accelerated vesting event that o ccurred prior to the specified vesting date. (d) At December 31, 2017 , the total unrecognized compe nsation cost for outstanding LTI awards was $ 237 million and the weighted-average and expected period of years over w hich that cost is expected to be recognized are 1.02 years and 3 years .
Schedule of stock option activity	The following table provides a roll forward of stock option activity: Weighted Average Aggregate As of or for the Year Weighted Average Remaining Intrinsic Values Ended December 31, 2017 Units Exercise Price Contractual Life (in millions) Outstanding, beginning of year - $ - Granted 2,500,000 62.90 Exercised - - Forfeited or expired - - Outstanding, end of year 2,500,000 $ 62.90 6.48 $ - Exercisable, end of year - $ - - $ -
Schedule of weighted-average assumptions	The following weighted-average assumptions were used for stock op tions granted : 2017 Expected annual dividend yield (a) 2.03 % Expected volatility (b) 20.96 % Risk-free interest rate (c) 1.94 % Expected term (d) 4.5 years (a) The dividend yield is based on the current quarterly dividend payment of $0.32 and the Valuation Date stock price. (b) The expected volatility is the 1080-day implied volatility as seen in the open marketplace on the Valuation Date. (c) The risk-free interest rate range is 1.76 percent to 2.14 percent. (d) The contractual term of the option is 7 years from the grant date .

EMPLOYEE BENEFITS (Tables)

EMPLOYEE BENEFITS (Tables)	12 Months Ended
	Dec. 31, 2017
Defined Benefit Plan Disclosure [Line Items]
Schedule of funded status of the plans reconciled to the amount reported in the balance sheets	As of or for the Years Ended Pension Postretirement December 31, U.S. Plans * Non-U.S. Plans * U.S. Plans Non-U.S. Plans (in millions) 2017 2016 2017 2016 2017 2016 2017 2016 Change in projected benefit obligation: Benefit obligation, beginning of year $ 4,948 $ 5,324 $ 1,246 $ 1,146 $ 196 $ 208 $ 80 $ 75 Service cost 11 19 29 31 2 2 3 3 Interest cost 166 181 16 21 6 7 3 3 Actuarial (gain) loss 372 118 (29) 98 - (2) (2) - Benefits paid: AIG assets (19) (24) (10) (12) (13) (14) (1) (1) Plan assets (161) (332) (26) (35) - - - - Plan amendment - - - 1 - - (6) - Curtailments - - (7) (2) - (1) - - Settlements (226) (338) (12) (16) - - - - Foreign exchange effect - - 37 19 - - 1 - Other - - (42) (5) (1) (4) (15) - Projected benefit obligation, end of year $ 5,091 $ 4,948 $ 1,202 $ 1,246 $ 190 $ 196 $ 63 $ 80 Change in plan assets: Fair value of plan assets, beginning of year $ 3,843 $ 4,359 $ 803 $ 773 $ - $ - $ - $ - Actual return on plan assets, net of expenses 584 154 67 19 - - - - AIG contributions 329 24 60 71 13 14 1 1 Benefits paid: AIG assets (19) (24) (10) (12) (13) (14) (1) (1) Plan assets (161) (332) (26) (35) - - - - Settlements (226) (338) (12) (16) - - - - Foreign exchange effect - - 19 6 - - - - Dispositions - - - (4) - - - - Other - - (26) 1 - - - - Fair value of plan assets, end of year $ 4,350 $ 3,843 $ 875 $ 803 $ - $ - $ - $ - Funded status, end of year $ (741) $ (1,105) $ (327) $ (443) $ (190) $ (196) $ (63) $ (80) Amounts recognized in the balance sheet: Assets $ - $ - $ 68 $ 53 $ - $ - $ - $ - Liabilities (741) (1,105) (395) (496) (190) (196) (63) (80) Total amounts recognized $ (741) $ (1,105) $ (327) $ (443) $ (190) $ (196) $ (63) $ (80) Pre-tax amounts recognized in Accumulated other comprehensive income: Net gain (loss) $ (1,373) $ (1,405) $ (170) $ (251) $ 17 $ 17 $ (11) $ (15) Prior service (cost) credit - - (22) (28) 1 2 5 - Total amounts recognized $ (1,373) $ (1,405) $ (192) $ (279) $ 18 $ 19 $ (6) $ (15) * Includes non-qualified unfunded plans of which the aggregate projected benefit obligation was $ 272 million and $ 278 million for the U.S. at December 31, 2017 and 2016 , respectively, and $ 211 million and $ 199 million for the non-U.S at December 31, 2017 and 2016 , respectively.
Schedule of accumulated benefit obligations	At December 31, (in millions) 2017 2016 U.S. pension benefit plans $ 5,091 $ 4,948 Non-U.S. pension benefit plans $ 1,188 $ 1,215
Schedule of projected benefit obligation in excess of the plan assets and the accumulated benefit obligation in excess of the plan assets	At December 31, PBO Exceeds Fair Value of Plan Assets ABO Exceeds Fair Value of Plan Assets U.S. Plans Non-U.S. Plans U.S. Plans Non-U.S. Plans (in millions) 2017 2016 2017 2016 2017 2016 2017 2016 Projected benefit obligation $ 5,091 $ 4,948 $ 1,054 $ 1,121 $ 5,091 $ 4,948 $ 991 $ 1,029 Accumulated benefit obligation 5,091 4,948 979 1,016 5,091 4,948 979 1,009 Fair value of plan assets 4,350 3,843 596 545 4,350 3,843 596 536
Schedule of components of net periodic benefit cost	Years Ended December 31, Pension Postretirement U.S. Plans Non-U.S. Plans U.S. Plans Non-U.S. Plans (in millions) 2017 2016 2015 2017 2016 2015 2017 2016 2015 2017 2016 2015 Components of net periodic benefit cost: Service cost * $ 11 $ 19 $ 192 $ 29 $ 31 $ 43 $ 2 $ 2 $ 5 $ 3 $ 3 $ 3 Interest cost 166 181 220 16 21 25 6 7 8 3 3 3 Expected return on assets (266) (292) (295) (24) (26) (25) - - - - - - Amortization of prior service credit - - (22) - - (2) (1) (12) (11) (1) - (1) Amortization of net (gain) loss 26 25 92 12 7 9 (1) (1) - 1 1 - Net periodic benefit cost (credit) (63) (67) 187 33 33 50 6 (4) 2 6 7 5 Curtailment gain - - (179) (6) (6) (1) - (1) - (2) - - Settlement loss 60 149 - 1 2 1 - - - - - - Net benefit cost (credit) $ (3) $ 82 $ 8 $ 28 $ 29 $ 50 $ 6 $ (5) $ 2 $ 4 $ 7 $ 5 Total recognized in Accumulated other comprehensive income (loss) $ 32 $ (82) $ 143 $ 87 $ (101) $ 38 $ (2) $ (7) $ 12 $ 9 $ 1 $ (9) Total recognized in net periodic benefit cost and other comprehensive income (loss) $ 35 $ (164) $ 135 $ 59 $ (130) $ (12) $ (8) $ (2) $ 10 $ 5 $ (6) $ (14) * Reflects administrative fees for the U.S. pension plans.
Schedule of weighted average assumptions used to determine the benefit obligations	Pension Postretirement U.S. Plans Non-U.S. Plans (a) U.S. Plans Non-U.S. Plans (a) December 31, 2017 Discount rate 3.61 % 1.60 % 3.53 % 3.59 % Rate of compensation increase N/A (b) 2.27 % N/A 3.00 % December 31, 2016 Discount rate 4.14 % 1.50 % 4.02 % 3.95 % Rate of compensation increase N/A (b) 2.50 % N/A 3.38 % (a) The non-U.S. plans reflect those assumptions that were most appropriate for the local economic environments of each of the subsidiaries providing such benefits. (b) Compensation increases are no longer applicable due to the plan freeze that became effective January 1, 2016.
Schedule of assumed health care cost trend rates	At December 31, 2017 2016 Following year: Medical (before age 65) 6.12% 6.31% Medical (age 65 and older) 5.00% 5.00% Ultimate rate to which cost increase is assumed to decline 4.50% 4.50% Year in which the ultimate trend rate is reached: Medical (before age 65) 2038 2038 Medical (age 65 and older) 2038 2038
Schedule of A one percent point change in the assumed healthcare cost trend rate	One Percent One Percent At December 31, Increase Decrease (in millions) 2017 2016 2017 2016 U.S. plans $ 4 $ 4 $ (4) $ (3) Non-U.S. plans $ 14 $ 19 $ (10) $ (14)
Schedule of weighted average assumptions used to determine the net periodic benefit costs	Pension Postretirement U.S. Plans Non-U.S. Plans * U.S. Plans Non-U.S. Plans * For the Year Ended December 31, 2017 Discount rate 4.15 % 1.50 % 4.01 % 3.95 % Rate of compensation increase N/A 2.50 % N/A 3.38 % Expected return on assets 7.00 % 2.92 % N/A N/A For the Year Ended December 31, 2016 Discount rate 4.33 % 2.17 % 4.21 % 4.09 % Rate of compensation increase N/A 2.64 % N/A 3.43 % Expected return on assets 7.00 % 3.28 % N/A N/A For the Year Ended December 31, 2015 Discount rate 3.94 % 2.33 % 3.77 % 4.04 % Rate of compensation increase 3.40 % 2.89 % N/A 3.29 % Expected return on assets 7.25 % 3.33 % N/A N/A * The non-U.S. plans reflect those assumptions that were most appropriate for the local economic environments of the subsidiaries providing such benefits.
Schedule of plan assets based on the level within the fair value hierarchy in which the fair value measurement falls	U.S. Plans Non-U.S. Plans (in millions) Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total At December 31, 2017 Assets: Cash and cash equivalents $ 397 $ - $ - $ 397 $ 51 $ - $ - $ 51 Equity securities: U.S. (a) 1,300 - - 1,300 - - - - International (b) 265 - - 265 362 64 - 426 Fixed maturity securities: U.S. investment grade (c) - 1,006 12 1,018 - - - - International investment grade (c) - 204 - 204 - 97 - 97 U.S. and international high yield (d) - 212 - 212 - 171 - 171 Mortgage and other asset-backed securities (e) - 142 - 142 - - - - Other fixed maturity securities - - - - - 16 - 16 Other investment types (g) : Direct private equity (f) - - 15 15 - - - - Insurance contracts - 20 - 20 - - 113 113 Total $ 1,962 $ 1,584 $ 27 $ 3,573 $ 413 $ 348 $ 113 $ 874 At December 31, 2016 Assets: Cash and cash equivalents $ 228 $ - $ - $ 228 $ 50 $ - $ - $ 50 Equity securities: U.S. (a) 838 1 - 839 - - - - International (b) 377 - - 377 298 58 - 356 Fixed maturity securities: U.S. investment grade (c) - 1,174 2 1,176 - - - - International investment grade (c) - - - - - 90 - 90 U.S. and international high yield (d) - 218 - 218 - 186 - 186 Mortgage and other asset-backed securities (e) - - - - - - - - Other fixed maturity securities - - - - - 13 - 13 Other investment types (g) : Direct private equity (f) - - 24 24 - - - - Insurance contracts - 21 - 21 - - 108 108 Total $ 1,443 $ 1,414 $ 26 $ 2,883 $ 348 $ 347 $ 108 $ 803 (a) Includes passive and active U.S. Large Cap and Small Cap strategies, as well as mutual funds, and exchange traded funds. (b) Includes investments in companies in emerging and developed markets. (c) Represents investments in U.S. and non-U.S. government issued bonds, U.S. government agency or sponsored agency bonds, and investment grade corporate bonds. (d) Consists primarily of investments in securities or debt obligations that have a rating below investment grade. (e) Comprised primarily of i nvestments in U.S. asset backed securities and collateralized loan obligations . (f) Comprised of private capital financing including private debt and private equity securities. (g) Excludes investments that are measured at fair value using the NAV per shar e (or its equivalent), which totaled $ 777 million and $ 960 million at December 31, 2017 and 2016 , respectively.
Schedule of changes in Level 3 plan assets measured at fair value	Changes in Net Unrealized Gains Balance Realized and Balance (Losses) on At December 31, 2017 Beginning Unrealized Transfers Transfers at End Instruments Held (in millions) of year Gains (Losses) Purchases Sales Issuances Settlements In Out of year at End of year U.S. Plan Assets: Fixed maturity securities U.S. investment grade $ 2 $ - $ 17 $ (7) $ - $ - $ - $ - $ 12 $ 2 Direct private equity 24 (3) 1 (7) - - - - 15 (1) Total $ 26 $ (3) $ 18 $ (14) $ - $ - $ - $ - $ 27 $ 1 Non-U.S. Plan Assets: Other fixed maturity securities $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Insurance contracts 108 4 1 - - - - - 113 - Total $ 108 $ 4 $ 1 $ - $ - $ - $ - $ - $ 113 $ - Changes in Net Unrealized Gains Balance Realized and Balance (Losses) on At December 31, 2016 Beginning Unrealized Transfers Transfers at End Instruments Held (in millions) of year Gains (Losses) Purchases Sales Issuances Settlements In Out of year at End of year U.S. Plan Assets: Fixed maturity securities U.S. investment grade $ 9 $ 1 $ 2 $ (10) $ - $ - $ - $ - $ 2 $ - Direct private equity 28 (4) 4 (4) - - - - 24 (4) Total $ 37 $ (3) $ 6 $ (14) $ - $ - $ - $ - $ 26 $ (4) Non-U.S. Plan Assets: Other fixed maturity securities $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Insurance contracts 95 12 1 - - - 2 (2) 108 - Total $ 95 $ 12 $ 1 $ - $ - $ - $ 2 $ (2) $ 108 $ -
Schedule of expected future benefit payments, net of participants' contributions	Pension Postretirement U.S. Non-U.S. U.S. Non-U.S. (in millions) Plans Plans Plans Plans 2018 $ 291 $ 36 $ 13 $ 1 2019 287 40 13 1 2020 297 42 13 1 2021 294 43 13 2 2022 291 41 13 2 2023-2027 1,407 235 60 11
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Schedule of asset allocation percentage by major asset class and target allocation	Target Actual Actual At December 31, 2018 2017 2016 Asset class: Equity securities 46 % 45 % 43 % Fixed maturity securities 44 % 36 % 36 % Other investments 10 % 19 % 21 % Total 100 % 100 % 100 %
Non U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Schedule of asset allocation percentage by major asset class and target allocation	Target Actual Actual At December 31, 2018 2017 2016 Asset class: Equity securities 30 % 49 % 44 % Fixed maturity securities 52 % 32 % 36 % Other investments 17 % 13 % 14 % Cash and cash equivalents 1 % 6 % 6 % Total 100 % 100 % 100 %

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2017
INCOME TAXES
Schedule of income (loss) from continuing operations before income tax expense (benefit) by U.S. and foreign location	Years Ended December 31, (in millions) 2017 2016 2015 U.S. $ 1,940 $ 1,041 $ 1,950 Foreign (474) (1,115) 1,331 Total $ 1,466 $ (74) $ 3,281
Schedule of income tax expense (benefit) attributable to pre-tax income (loss) from continuing operations	Years Ended December 31, (in millions) 2017 2016 2015 Foreign and U.S. components of actual income tax expense: Foreign: Current $ 209 $ 436 $ 391 Deferred 25 (121) (95) U.S.: Current 427 140 429 Deferred 6,865 (270) 334 Total $ 7,526 $ 185 $ 1,059
Schedule of reconciliation between actual income tax (benefit) expense and statutory U.S. federal amount computed by applying the federal income tax rate	2017 2016 2015 Pre-Tax Tax Percent of Pre-Tax Tax Percent of Tax Percent of Years Ended December 31, Income Expense/ Pre-Tax Income Expense/ Pre-Tax Pre-Tax Expense/ Pre-Tax (dollars in millions) (Loss) (Benefit) Income (Loss) (Loss) (Benefit) Income (Loss) Income (Benefit) Income U.S. federal income tax at statutory rate $ 1,476 $ 517 35.0 % $ (159) $ (56) 35.0 % $ 3,281 $ 1,148 35.0 % Adjustments: Tax exempt interest (111) (7.5) (178) 111.9 (195) (5.9) Uncertain tax positions 660 44.7 268 (168.6) 195 5.9 Reclassifications from accumulated other comprehensive income (184) (12.5) (132) 83.0 (127) (3.9) Dispositions of Subsidiaries 17 1.2 118 (74.2) - - Tax Attribute Restoration - - (164) 103.1 - - Non-controlling Interest (7) (0.5) (81) 50.9 - - Non-deductible transfer pricing charges 35 2.4 102 (64.2) 97 3.0 Dividends received deduction (90) (6.1) (75) 47.2 (72) (2.2) Effect of foreign operations 69 4.7 234 (147.2) (58) (1.8) Share-based compensation payments excess tax deduction (40) (2.7) - - - - State income taxes (9) (0.6) 23 (14.5) 34 1.0 Impact of Tax Act 6,687 453.0 - - - - Other (58) (3.9) 13 (8.2) (73) (2.2) Effect of discontinued operations 3 0.2 35 (22.0) - - Valuation allowance: Continuing operations 43 2.9 83 (52.2) 110 3.4 Consolidated total amounts 1,476 7,532 510.3 (159) 190 (119.5) 3,281 1,059 32.3 Amounts attributable to discontinued operations 10 6 60.0 (85) 5 (5.9) - - - Amounts attributable to continuing operations $ 1,466 $ 7,526 513.4 % $ (74) $ 185 (250.0) % $ 3,281 $ 1,059 32.3 %
Schedule of components of the net deferred tax asset	December 31, (in millions) 2017 2016 Deferred tax assets: Losses and tax credit carryforwards $ 11,931 $ 16,448 Basis differences on investments 2,133 4,985 Life policy reserves 1,996 3,040 Accruals not currently deductible, and other 532 1,128 Investments in foreign subsidiaries 159 103 Loss reserve discount 526 1,151 Loan loss and other reserves 34 39 Unearned premium reserve reduction 566 924 Fixed assets and intangible assets 442 478 Other 731 710 Employee benefits 601 1,171 Total deferred tax assets 19,651 30,177 Deferred tax liabilities: Deferred policy acquisition costs (2,313) (3,790) Unrealized gains related to available for sale debt securities (2,151) (2,844) Total deferred tax liabilities (4,464) (6,634) Net deferred tax assets before valuation allowance 15,187 23,543 Valuation allowance (1,374) (2,831) Net deferred tax assets (liabilities) $ 13,813 $ 20,712
Schedule of consolidated income tax group credits carryforwards	December 31, 2017 Tax Expiration (in millions) Gross Effected Periods Net operating loss carryforwards $ 35,592 $ 7,474 2028-2037 Capital loss carryforwards 305 64 2022 Foreign tax credit carryforwards 4,481 2018-2022 Other carryforwards 1,154 Various Total AIG U.S. consolidated income tax group tax losses and credits carryforwards on a tax return basis 13,173 Unrecognized tax benefit (2,543) Total AIG U.S. consolidated income tax group tax losses and credits carryforwards on a U.S. GAAP basis * $ 10,630 * Includes other carryforwards, e.g. general business credits, of $ 118 million on a U.S. GAAP basis.
Schedule of consolidated income tax group tax losses carryforwards	December 31, 2017 Tax Expiration (in millions) Gross Effected Periods Net operating loss carryforwards $ 35,592 $ 7,474 2028-2037 Capital loss carryforwards 305 64 2022 Foreign tax credit carryforwards 4,481 2018-2022 Other carryforwards 1,154 Various Total AIG U.S. consolidated income tax group tax losses and credits carryforwards on a tax return basis 13,173 Unrecognized tax benefit (2,543) Total AIG U.S. consolidated income tax group tax losses and credits carryforwards on a U.S. GAAP basis * $ 10,630 * Includes other carryforwards, e.g. general business credits, of $ 118 million on a U.S. GAAP basis.
Schedule of net deferred tax assets (liabilities)	December 31, (in millions) 2017 2016 Net U.S. consolidated return group deferred tax assets $ 15,603 $ 24,134 Net deferred tax assets (liabilities) in accumulated other comprehensive income (2,070) (2,384) Valuation allowance (86) (874) Subtotal 13,447 20,876 Net foreign, state and local deferred tax assets 1,874 2,413 Valuation allowance (1,288) (1,957) Subtotal 586 456 Subtotal - Net U.S., foreign, state and local deferred tax assets 14,033 21,332 Net foreign, state and local deferred tax liabilities (220) (620) Total AIG net deferred tax assets (liabilities) $ 13,813 $ 20,712
Schedule of reconciliation of the beginning and ending balances of the total amounts of gross unrecognized tax benefits	Years Ended December 31, (in millions) 2017 2016 2015 Gross unrecognized tax benefits, beginning of year $ 4,530 $ 4,331 $ 4,395 Increases in tax positions for prior years 210 235 162 Decreases in tax positions for prior years (33) (39) (209) Increases in tax positions for current year - 3 - Lapse in statute of limitations - - (4) Settlements - - (13) Activity of discontinued operations - - - Gross unrecognized tax benefits, end of year $ 4,707 $ 4,530 $ 4,331
Schedule of tax years that remain subject to examination by major tax jurisdictions	At December 31, 2017 Open Tax Years Major Tax Jurisdiction United States 2000-2016 Australia 2013-2016 France 2015-2016 Japan 2011-2016 Korea 2012-2016 Singapore 2012-2016 United Kingdom 2015-2016

QUARTERLY FINANCIAL INFORMATI63

QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Tables)	12 Months Ended
	Dec. 31, 2017
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
Consolidated Statements of Income (Loss)	Three Months Ended March 31, June 30, September 30, December 31, (dollars in millions, except per share data) 2017 2016 2017 2016 2017 2016 2017 2016 Total revenues $ 12,632 $ 11,779 $ 12,502 $ 14,724 $ 11,751 $ 12,854 $ 12,635 $ 13,010 Income (loss) from continuing operations before income taxes * 1,727 (214) 1,667 2,858 (2,803) 737 875 (3,455) Income (loss) from discontinued operations, net of income taxes - (47) 8 (10) (1) 3 (3) (36) Net income (loss) 1,211 (203) 1,118 1,924 (1,713) 436 (6,672) (2,506) Net income (loss) from continuing operations attributable to noncontrolling interests 26 (20) (12) 11 26 (26) (12) 535 Net income (loss) attributable to AIG * $ 1,185 $ (183) $ 1,130 $ 1,913 $ (1,739) $ 462 $ (6,660) $ (3,041) Income (loss) per common share attributable to AIG: Basic: Income (loss) from continuing operations $ 1.21 $ (0.12) $ 1.21 $ 1.73 $ (1.91) $ 0.43 $ (7.33) $ (2.93) Income (loss) from discontinued operations $ - $ (0.04) $ 0.01 $ (0.01) $ - $ - $ - $ (0.03) Diluted: Income (loss) from continuing operations $ 1.18 $ (0.12) $ 1.18 $ 1.69 $ (1.91) $ 0.42 $ (7.33) $ (2.93) Income (loss) from discontinued operations $ - $ (0.04) $ 0.01 $ (0.01) $ - $ - $ - $ (0.03) Weighted average shares outstanding: Basic 980,777,243 1,156,548,459 925,751,084 1,113,587,927 908,667,044 1,071,295,892 908,115,499 1,023,886,592 Diluted 1,005,315,030 1,156,548,459 948,248,771 1,140,045,973 908,667,044 1,102,400,770 908,115,499 1,023,886,592 Noteworthy quarterly items - (income) expense: Other-than-temporary impairments 68 204 67 108 88 102 37 145 Net (gain) loss on sale of divested businesses 100 2 60 (225) 13 (128) (241) (194) Federal and foreign valuation allowance for deferred tax assets (13) (37) (8) 35 24 (2) 40 87 Net (gain) loss on extinguishment of debt (1) 83 (4) 7 1 (14) (1) (2) Prior year unfavorable (favorable) development 61 (66) 391 7 901 273 212 5,574 Restructuring and other costs 181 188 47 90 31 210 154 206 Impact of Tax Act - - - - - - 6,687 - * For the three months ended December 31, 2016, we recorded out of period adjustments related to prior periods that increased Net loss attributable to AIG by $154 million, increased AIG’s Loss from continuing operations before income taxes by $12 million and decreased adjusted pre-tax income by $1 million. The out of period adjustments are primarily related to income tax liabilities and ceded loss adjustment expenses. Had these adjustments, which were determined not to be material, been recorded in their appropriate periods, Net income attributable to AIG for the three-month periods ended September 30, 2016, June 30, 2016 and March 31, 2016 would have decreased by $65 million, increased by $66 million and increased by $19 million, respectively.

INFORMATION PROVIDED IN CONNE64

INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT (Tables)	12 Months Ended
	Dec. 31, 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 December 31, 2017 Assets: Short-term investments $ 2,541 $ - $ 11,559 $ (3,714) $ 10,386 Other investments (a) 6,004 - 305,902 - 311,906 Total investments 8,545 - 317,461 (3,714) 322,292 Cash 3 20 2,339 - 2,362 Loans to subsidiaries (b) 35,004 - 517 (35,521) - Investment in consolidated subsidiaries (b) 40,135 30,359 - (70,494) - Other assets, including deferred income taxes 16,016 170 159,594 (2,133) 173,647 Assets held for sale - - - - - Total assets $ 99,703 $ 30,549 $ 479,911 $ (111,862) $ 498,301 Liabilities: Insurance liabilities $ - $ - $ 282,105 $ - $ 282,105 Long-term debt 21,557 642 9,441 - 31,640 Other liabilities, including intercompany balances (a) 12,458 143 112,275 (6,028) 118,848 Loans from subsidiaries (b) 517 - 35,004 (35,521) - Liabilities held for sale - - - - - Total liabilities 34,532 785 438,825 (41,549) 432,593 Total AIG shareholders’ equity 65,171 29,764 40,549 (70,313) 65,171 Non-redeemable noncontrolling interests - - 537 - 537 Total equity 65,171 29,764 41,086 (70,313) 65,708 Total liabilities and equity $ 99,703 $ 30,549 $ 479,911 $ (111,862) $ 498,301 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 Year Ended December 31, 2017 Revenues: Equity in earnings of consolidated subsidiaries * $ (149) $ 1,978 $ - $ (1,829) $ - Other income 891 - 48,802 (173) 49,520 Total revenues 742 1,978 48,802 (2,002) 49,520 Expenses: Interest expense 949 50 176 (7) 1,168 Loss on extinguishment of debt 2 - (7) - (5) Other expenses 952 2 46,116 (179) 46,891 Total expenses 1,903 52 46,285 (186) 48,054 Income (loss) from continuing operations before income tax expense (benefit) (1,161) 1,926 2,517 (1,816) 1,466 Income tax expense (benefit) 4,922 (3) 2,607 - 7,526 Income (loss) from continuing operations (6,083) 1,929 (90) (1,816) (6,060) Income (loss) from discontinued operations, net of income taxes (1) - 5 - 4 Net income (loss) (6,084) 1,929 (85) (1,816) (6,056) Less: Net income from continuing operations attributable to noncontrolling interests - - 28 - 28 Net income (loss) attributable to AIG $ (6,084) $ 1,929 $ (113) $ (1,816) $ (6,084) Year Ended December 31, 2016 Revenues: Equity in earnings of consolidated subsidiaries * $ (1,269) $ (197) $ - $ 1,466 $ - Other income 516 5 52,875 (1,029) 52,367 Total revenues (753) (192) 52,875 437 52,367 Expenses: Interest expense 988 51 227 (6) 1,260 Loss on extinguishment of debt 77 - (3) - 74 Other expenses 295 16 51,819 (1,023) 51,107 Total expenses 1,360 67 52,043 (1,029) 52,441 Income (loss) from continuing operations before income tax expense (benefit) (2,113) (259) 832 1,466 (74) Income tax expense (benefit) (1,301) (21) 1,507 - 185 Income (loss) from continuing operations (812) (238) (675) 1,466 (259) Loss from discontinued operations, net of income taxes (37) - (53) - (90) Net income (loss) (849) (238) (728) 1,466 (349) Less: Net income (loss) from continuing operations attributable to noncontrolling interests - - 500 - 500 Net income (loss) attributable to AIG $ (849) $ (238) $ (1,228) $ 1,466 $ (849) Year Ended December 31, 2015 Revenues: Equity in earnings of consolidated subsidiaries * $ 3,954 $ 1,936 $ - $ (5,890) $ - Other income 88 - 58,953 (714) 58,327 Total revenues 4,042 1,936 58,953 (6,604) 58,327 Expenses: Other interest expense 1,049 58 302 (128) 1,281 Loss on extinguishment of debt 703 - 46 7 756 Other expenses 1,178 44 52,374 (587) 53,009 Total expenses 2,930 102 52,722 (708) 55,046 Income (loss) from continuing operations before income tax expense (benefit) 1,112 1,834 6,231 (5,896) 3,281 Income tax expense (benefit) (1,086) (73) 2,218 - 1,059 Income (loss) from continuing operations 2,198 1,907 4,013 (5,896) 2,222 Income (loss) from discontinued operations, net of income taxes (2) - 2 - - Net income (loss) 2,196 1,907 4,015 (5,896) 2,222 Less: Net income from continuing operations attributable to noncontrolling interests - - 26 - 26 Net income (loss) attributable to AIG $ 2,196 $ 1,907 $ 3,989 $ (5,896) $ 2,196 * 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 Year Ended December 31, 2017 Net income (loss) $ (6,084) $ 1,929 $ (85) $ (1,816) $ (6,056) Other comprehensive income (loss) 2,235 7,851 17,857 (25,708) 2,235 Comprehensive income (loss) (3,849) 9,780 17,772 (27,524) (3,821) Total comprehensive income attributable to noncontrolling interests - - 28 - 28 Comprehensive income (loss) attributable to AIG $ (3,849) $ 9,780 $ 17,744 $ (27,524) $ (3,849) Year Ended December 31, 2016 Net income (loss) $ (849) $ (238) $ (728) $ 1,466 $ (349) Other comprehensive income (loss) 693 4,080 52,153 (56,233) 693 Comprehensive income (loss) (156) 3,842 51,425 (54,767) 344 Total comprehensive income attributable to noncontrolling interests - - 500 - 500 Comprehensive income (loss) attributable to AIG $ (156) $ 3,842 $ 50,925 $ (54,767) $ (156) Year Ended December 31, 2015 Net income (loss) $ 2,196 $ 1,907 $ 4,015 $ (5,896) $ 2,222 Other comprehensive income (loss) (8,080) 2,320 54,757 (57,083) (8,086) Comprehensive income (loss) (5,884) 4,227 58,772 (62,979) (5,864) Total comprehensive income attributable to noncontrolling interests - - 20 - 20 Comprehensive income (loss) attributable to AIG $ (5,884) $ 4,227 $ 58,752 $ (62,979) $ (5,884)
Condensed Consolidating Statements of Cash Flows	American International Reclassifications Group, Inc. Other and Consolidated (in millions) (As Guarantor) AIGLH Subsidiaries Eliminations AIG Year Ended December 31, 2017 Net cash (used in) provided by operating activities $ 36 $ 1,413 $ (7,426) $ (2,608) $ (8,585) Cash flows from investing activities: Sales of investments 5,821 - 75,228 (3,758) 77,291 Sales of divested businesses, net 40 - 752 - 792 Purchase of investments (2,465) - (64,539) 3,758 (63,246) Loans to subsidiaries – net 199 - 63 (262) - Contributions from (to) subsidiaries - net 2,446 - - (2,446) - Net change in restricted cash - - (121) - (121) Net change in short-term investments 1,990 - 108 - 2,098 Other, net (183) (5) (1,955) - (2,143) Net cash (used in) provided by investing activities 7,848 (5) 9,536 (2,708) 14,671 Cash flows from financing activities: Issuance of long-term debt 1,505 - 1,851 - 3,356 Repayments of long-term debt (1,724) - (1,974) - (3,698) Purchase of common stock (6,275) - - - (6,275) Intercompany loans - net (63) - (199) 262 - Cash dividends paid (1,172) (1,422) (1,186) 2,608 (1,172) Other, net (154) - (200) 2,446 2,092 Net cash (used in) financing activities (7,883) (1,422) (1,708) 5,316 (5,697) Effect of exchange rate changes on cash - - (28) - (28) Change in cash 1 (14) 374 - 361 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 year $ 3 $ 20 $ 2,339 $ - $ 2,362 Year Ended December 31, 2016 Net cash (used in) provided by operating activities $ 2,112 $ 1,707 $ 2,515 $ (3,951) $ 2,383 Cash flows from investing activities: Sales of investments 5,769 - 81,560 (11,685) 75,644 Sales of divested businesses, net 2,160 - 649 - 2,809 Purchase of investments (1,002) - (80,668) 11,685 (69,985) Loans to subsidiaries – net 1,525 - (3) (1,522) - Contributions from (to) subsidiaries - net 1,637 - - (1,637) - Net change in restricted cash - - 385 - 385 Net change in short-term investments (789) - (2,300) - (3,089) Other, net (141) - (879) - (1,020) Net cash (used in) provided by investing activities 9,159 - (1,256) (3,159) 4,744 Cash flows from financing activities: Issuance of long-term debt 3,831 - 2,123 - 5,954 Repayments of long-term debt (1,996) (63) (2,023) - (4,082) Purchase of common stock (11,460) - - - (11,460) Intercompany loans - net 3 (3) (1,522) 1,522 - Cash dividends paid (1,372) (1,723) (2,228) 3,951 (1,372) Other, net (309) - 2,799 1,637 4,127 Net cash (used in) provided by financing activities (11,303) (1,789) (851) 7,110 (6,833) Effect of exchange rate changes on cash - - 52 - 52 Change in cash (32) (82) 460 - 346 Cash at beginning of year 34 116 1,479 - 1,629 Change in cash of businesses held for sale - - (107) - (107) Cash at end of year $ 2 $ 34 $ 1,832 $ - $ 1,868 Year Ended December 31, 2015 Net cash (used in) provided by operating activities $ 4,443 $ 2,314 $ 1,112 $ (4,992) $ 2,877 Cash flows from investing activities: Sales of investments 7,767 - 69,726 (4,877) 72,616 Purchase of investments (1,881) - (68,261) 4,877 (65,265) Loans to subsidiaries – net (83) - 367 (284) - Contributions to subsidiaries 565 - - (565) - Net change in restricted cash - - 1,457 - 1,457 Net change in short-term investments 2,300 - (1,137) - 1,163 Other, net (175) - (1,334) - (1,509) Net cash (used in) provided by investing activities 8,493 - 818 (849) 8,462 Cash flows from financing activities: Issuance of long-term debt 5,540 - 1,327 - 6,867 Repayments of long-term debt (6,504) (114) (3,187) - (9,805) Intercompany loans - net (201) 3 (86) 284 - Purchase of common stock (10,691) - - - (10,691) Cash dividends paid to shareholders (1,028) (2,178) (2,814) 4,992 (1,028) Other, net (44) - 2,707 565 3,228 Net cash (used in) provided by financing activities (12,928) (2,289) (2,053) 5,841 (11,429) Effect of exchange rate changes on cash - - (39) - (39) Change in cash 8 25 (162) - (129) Cash at beginning of year 26 91 1,641 - 1,758 Cash at end of year $ 34 $ 116 $ 1,479 $ - $ 1,629
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 year ended December 31, 2017 for: Interest: Third party $ (948) $ (48) $ (286) $ - $ (1,282) Intercompany - (1) 1 - - Taxes: Income tax authorities $ (329) $ - $ (215) $ - $ (544) Intercompany 614 - (614) - - Cash (paid) received during the year ended December 31, 2016 for: Interest: Third party $ (975) $ (52) $ (304) $ - $ (1,331) Intercompany 2 - (2) - - Taxes: Income tax authorities $ (15) $ - $ (478) $ - $ (493) Intercompany 479 - (479) - - Cash (paid) received during the year ended December 31, 2015 for: Interest: Third party * $ (1,030) $ (59) $ (279) $ - $ (1,368) Intercompany - - - - - Taxes: Income tax authorities $ (11) $ - $ (500) $ - $ (511) Intercompany 829 - (829) - -
Supplementary disclosure of non-cash activities	Years Ended December 31, (in millions) 2017 2016 2015 Intercompany non-cash financing and investing activities: Capital contributions $ 259 $ 3,245 $ 494 Dividends received in the form of securities 735 5,234 2,326 Return of capital 26 - - Fixed maturity securities received in exchange for equity securities - 440 - Non-cash financing/investing activities: Non-cash consideration received from sale of shares of AerCap - - 500 Non-cash consideration received from sale of United Guaranty - 1,101 -

BASIS OF PRESENTATION (Details)

BASIS OF PRESENTATION (Details) - $ / shares	Dec. 31, 2017	Dec. 31, 2016
BASIS OF PRESENTATION
Common Stock, Par or Stated Value Per Share	$ 2.5	$ 2.5

BASIS OF PRESENTATION (Details

BASIS OF PRESENTATION (Details 10K) $ / shares in Units, $ in Millions	Nov. 14, 2016USD ($)	Oct. 18, 2016USD ($)	Sep. 16, 2016USD ($)	Dec. 31, 2017USD ($)item$ / shares	Sep. 30, 2017USD ($)	Jun. 30, 2017USD ($)	Mar. 31, 2017USD ($)	Dec. 31, 2016USD ($)$ / shares	Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2017USD ($)item$ / shares	Dec. 31, 2016USD ($)$ / shares	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Nov. 17, 2016USD ($)	Aug. 31, 2016USD ($)
Basis of Presentation [Line Items]
Common stock, par value (in dollars per share) | $ / shares				$ 2.5				$ 2.5				$ 2.5	$ 2.5
Net income (loss) attributable to AIG				$ (6,660)	$ (1,739)	$ 1,130	$ 1,185	$ (3,041)	$ 462	$ 1,913	$ (183)	$ (6,084)	$ (849)	$ 2,196
Income (loss) from continuing operations before income tax expense (benefit)				875	(2,803)	1,667	1,727	(3,455)	737	2,858	(214)	1,466	(74)	3,281
Net income (loss) on sale of divested businesses				(241)	13	60	100	(194)	(128)	(225)	2	68	545	(11)
Repayments of Long-term Debt												3,698	4,082	9,805
Other Income												2,412	3,121	4,088
Income (Loss) from Continuing Operations Attributable to Noncontrolling Interest				$ (12)	26	(12)	$ 26	535	(26)	11	(20)	28	500	26
Adjustment
Basis of Presentation [Line Items]
Net income (loss) attributable to AIG								(154)
Income (loss) from continuing operations before income tax expense (benefit)								(12)
Adjusted Pre-Tax Income (Loss)								(1)
Adjustments 2,015
Basis of Presentation [Line Items]
Net income (loss) attributable to AIG														(156)	$ (51)
Income (loss) from continuing operations before income tax expense (benefit)														(376)
Adjusted Pre-Tax Income (Loss)														(235)
Adjustments 2,016
Basis of Presentation [Line Items]
Net income (loss) attributable to AIG									(65)	$ 66	$ 19		(174)	(67)	$ (12)
Income (loss) from continuing operations before income tax expense (benefit)													(57)
Adjusted Pre-Tax Income (Loss)													(6)
ILFC
Basis of Presentation [Line Items]
Non-cash consideration received from sale												0	0	0
NSM
Basis of Presentation [Line Items]
Total consideration																	$ 201
Net income (loss) on sale of divested businesses									$ 105
Ascot
Basis of Presentation [Line Items]
Consideration in cash													244
Total consideration			$ 1,100
Net income (loss) on sale of divested businesses			$ 162
Voting interest in subsidiary, Percent			100.00%
Ownership reflecting consideration, Percent			20.00%
United Guaranty Asia
Basis of Presentation [Line Items]
Consideration in cash					40								2,200
Non-cash consideration received from sale												$ 0	1,101	$ 0
Total consideration								$ 3,300					3,300
Net income (loss) on sale of divested businesses													$ 697
Voting interest in subsidiary, Percent								100.00%					100.00%
Dividend-in-lieu													$ 261
Cash consideration retained by buyer													40
Korea Fund
Basis of Presentation [Line Items]
Income (loss) from continuing operations before income tax expense (benefit)													464
Total consideration																$ 2,500
Repayments of Long-term Debt													1,200
Other Income													$ 1,100
Certain insurance operations
Basis of Presentation [Line Items]
Consideration in cash		$ 234			$ 168	$ 48
AIG Fuji Life Insurance
Basis of Presentation [Line Items]
Consideration in cash	$ 333
Net income (loss) on sale of divested businesses	$ (591)
Minimum
Basis of Presentation [Line Items]
Number of Countries in which the entity operates | item				80								80

SUMMARY OF SIGNIFICANT ACCOUN67

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details - Other significant accounting policies) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Summary of Significant Accounting Policies [Line Items]
Earning pattern of a quota share reinsurance contract	24 months
Other income
Proceeds from legal settlements	$ 27	$ 44	$ 94
Premiums and other receivables
Allowance for doubtful accounts on premiums and other receivables	$ 236	$ 279	$ 333

SUMMARY OF SIGNIFICANT ACCOUN68

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details - Other Assets and PPE) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Other assets
Deferred bonus interest and deferred sales inducement assets	$ 738	$ 808
Amortization expense associated with deferred bonus interest and deferred sales inducement assets	$ 94	$ 77	$ 88
Buildings | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life	40 years
Furniture and equipment | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life	10 years
Software Development | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years

SEGMENT INFORMATION (Details -

SEGMENT INFORMATION (Details - Continuing operations by reportable segment) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Segment results
Total Revenues	$ 12,635	$ 11,751	$ 12,502	$ 12,632	$ 13,010	$ 12,854	$ 14,724	$ 11,779	$ 49,520	$ 52,367	$ 58,327
Net investment income									14,179	14,065	14,053
Interest Expense									1,168	1,260	1,281
Amortization of deferred acquisition costs									4,288	4,521	5,236
Pre-tax operating income (loss)	$ 875	$ (2,803)	$ 1,667	$ 1,727	$ (3,455)	$ 737	$ 2,858	$ (214)	1,466	(74)	3,281
Eliminations | Total Revenues
Segment results
Pre-tax operating income (loss)									49,520	52,367	58,327
Eliminations | Net investment income
Segment results
Pre-tax operating income (loss)									14,179	14,065	14,053
Eliminations | Interest expense
Segment results
Pre-tax operating income (loss)									1,168	1,260	1,281
Eliminations | Amortization of DAC
Segment results
Pre-tax operating income (loss)									4,288	4,521	5,236
Eliminations | Adjusted Pre-Tax Income (loss)
Segment results
Pre-tax operating income (loss)									1,466	(74)	3,281
AIG Consolidation and Eliminations
Segment results
Total Revenues									(308)	(494)	(496)
Net investment income									(280)	(351)	(315)
Interest Expense									(53)	(120)	(103)
Amortization of deferred acquisition costs									4	(117)	(26)
Pre-tax operating income (loss)									75	42	(76)
Total AIG Consolidated adjusted revenues and adjusted pre-tax income (loss)
Segment results
Total Revenues									50,776	54,191	57,591
Net investment income									14,033	13,945	14,096
Interest Expense									1,168	1,260	1,281
Amortization of deferred acquisition costs									4,579	4,797	5,236
Pre-tax operating income (loss)									3,158	1,415	3,984
General Insurance | Reportable Segments
Segment results
Total Revenues									29,694	33,140	34,668
Net investment income									3,668	3,554	3,746
Interest Expense									22	28	13
Amortization of deferred acquisition costs									3,765	4,121	4,319
Pre-tax operating income (loss)									(813)	(2,051)	628
General Insurance | Reportable Segments | North America
Segment results
Total Revenues									14,600	17,005	18,482
Net investment income									3,145	3,041	3,196
Interest Expense									31	28	13
Amortization of deferred acquisition costs									1,305	1,444	1,699
Pre-tax operating income (loss)									(232)	(2,399)	558
General Insurance | Reportable Segments | International
Segment results
Total Revenues									15,094	16,135	16,186
Net investment income									523	513	550
Interest Expense									(9)	0	0
Amortization of deferred acquisition costs									2,460	2,677	2,620
Pre-tax operating income (loss)									(581)	348	70
Life and Retirement | Reportable Segments
Segment results
Total Revenues									15,586	13,778	15,322
Net investment income									7,816	7,622	7,541
Interest Expense									109	92	52
Amortization of deferred acquisition costs									743	613	794
Pre-tax operating income (loss)									3,831	3,428	3,124
Life and Retirement | Reportable Segments | Individual Retirement
Segment results
Total Revenues									5,514	5,758	6,450
Net investment income									4,013	3,878	3,805
Interest Expense									58	50	27
Amortization of deferred acquisition costs									415	298	431
Pre-tax operating income (loss)									2,289	2,269	1,812
Life and Retirement | Reportable Segments | Group Retirement
Segment results
Total Revenues									2,848	2,769	2,834
Net investment income									2,164	2,146	2,192
Interest Expense									32	26	15
Amortization of deferred acquisition costs									84	129	50
Pre-tax operating income (loss)									1,004	931	1,100
Life and Retirement | Reportable Segments | Life insurance
Segment results
Total Revenues									4,056	3,818	3,771
Net investment income									1,044	1,035	1,034
Interest Expense									13	12	7
Amortization of deferred acquisition costs									239	182	311
Pre-tax operating income (loss)									274	(37)	(51)
Life and Retirement | Reportable Segments | Institutional Markets
Segment results
Total Revenues									3,168	1,433	2,267
Net investment income									595	563	510
Interest Expense									6	4	3
Amortization of deferred acquisition costs									5	4	2
Pre-tax operating income (loss)									264	265	263
Other Operations | Reportable Segments
Segment results
Total Revenues									1,413	2,517	2,326
Net investment income									53	207	196
Interest Expense									968	978	1,027
Amortization of deferred acquisition costs									(9)	72	47
Pre-tax operating income (loss)									(1,405)	(1,011)	(825)
Legacy Portfolio | Reportable Segments
Segment results
Total Revenues									4,391	5,250	5,771
Net investment income									2,776	2,913	2,928
Interest Expense									122	282	292
Amortization of deferred acquisition costs									76	108	102
Pre-tax operating income (loss)									$ 1,470	$ 1,007	$ 1,133

SEGMENT INFORMATION (Details 70

SEGMENT INFORMATION (Details - Continuing operations by reportable segment - Pretax operating income to pre-tax income)) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Reconciling items from Total revenues and Pre-tax operating income (loss) to revenues and pre-tax income:
Gain (Loss) on extinguishment of debt	$ (1)	$ 1	$ (4)	$ (1)	$ (2)	$ (14)	$ 7	$ 83	$ 5	$ (74)	$ (756)
Income (loss) from divested businesses	(241)	13	60	100	(194)	(128)	(225)	2	68	545	(11)
Net reserve discount (benefit) charge									(187)	422	71
Restructuring and other costs	154	31	47	181	206	210	90	188
Pre-tax operating income (loss)	$ 875	$ (2,803)	$ 1,667	$ 1,727	$ (3,455)	$ 737	$ 2,858	$ (214)	1,466	(74)	3,281
Reconciling items from pre-tax operating income to pre-tax income | Total Revenues
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									146	120	(43)
Changes in benefit reserves and DAC, VOBA and SIA related to net realized capital gains									0	0	0
Other income (expense) - net									(49)	(44)	(43)
Gain (Loss) on extinguishment of debt									0	0	0
Net realized capital gains (losses)									(1,380)	(1,944)	776
Income (loss) from divested businesses									0	0	(48)
Non-operating litigation reserves and settlements									27	44	94
Reserve development related to non-operating run-off insurance business									0	0	0
Net reserve discount (benefit) charge									0	0	0
Pension expense related to a one-time lump sum payment to former employees									0	0
Restructuring and other costs									0	0	0
Other									0	0	0
Pre-tax operating income (loss)									49,520	52,367	58,327
Reconciling items from pre-tax operating income to pre-tax income | Net investment income
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									146	120	(43)
Changes in benefit reserves and DAC, VOBA and SIA related to net realized capital gains									0	0	0
Other income (expense) - net									0	0	0
Gain (Loss) on extinguishment of debt									0	0	0
Net realized capital gains (losses)									0	0	0
Income (loss) from divested businesses									0	0	0
Non-operating litigation reserves and settlements									0	0	0
Reserve development related to non-operating run-off insurance business									0	0	0
Net reserve discount (benefit) charge									0	0	0
Pension expense related to a one-time lump sum payment to former employees									0	0
Restructuring and other costs									0	0	0
Other									0	0	0
Pre-tax operating income (loss)									14,179	14,065	14,053
Reconciling items from pre-tax operating income to pre-tax income | Interest expense
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									0	0	0
Changes in benefit reserves and DAC, VOBA and SIA related to net realized capital gains									0	0	0
Other income (expense) - net									0	0	0
Gain (Loss) on extinguishment of debt									0	0	0
Net realized capital gains (losses)									0	0	0
Income (loss) from divested businesses									0	0	0
Non-operating litigation reserves and settlements									0	0	0
Reserve development related to non-operating run-off insurance business									0	0	0
Net reserve discount (benefit) charge									0	0	0
Pension expense related to a one-time lump sum payment to former employees									0	0
Restructuring and other costs									0	0	0
Other									0	0	0
Pre-tax operating income (loss)									1,168	1,260	1,281
Reconciling items from pre-tax operating income to pre-tax income | Amortization of DAC
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									0	0	0
Changes in benefit reserves and DAC, VOBA and SIA related to net realized capital gains									(291)	(276)	0
Other income (expense) - net									0	0	0
Gain (Loss) on extinguishment of debt									0	0	0
Net realized capital gains (losses)									0	0	0
Income (loss) from divested businesses									0	0	0
Non-operating litigation reserves and settlements									0	0	0
Reserve development related to non-operating run-off insurance business									0	0	0
Net reserve discount (benefit) charge									0	0	0
Pension expense related to a one-time lump sum payment to former employees									0	0
Restructuring and other costs									0	0	0
Other									0	0	0
Pre-tax operating income (loss)									4,288	4,521	5,236
Reconciling items from pre-tax operating income to pre-tax income | Adjusted Pre-Tax 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									146	120	(43)
Changes in benefit reserves and DAC, VOBA and SIA related to net realized capital gains									303	195	(15)
Other income (expense) - net									0	0	0
Gain (Loss) on extinguishment of debt									5	(74)	(756)
Net realized capital gains (losses)									(1,380)	(1,944)	776
Income (loss) from divested businesses									68	545	(59)
Non-operating litigation reserves and settlements									129	41	82
Reserve development related to non-operating run-off insurance business									(303)	42	(263)
Net reserve discount (benefit) charge									(187)	427	71
Pension expense related to a one-time lump sum payment to former employees									(60)	(147)
Restructuring and other costs									(413)	(694)	(496)
Other									0	0	0
Pre-tax operating income (loss)									$ 1,466	$ (74)	$ 3,281

SEGMENT INFORMATION (Details 71

SEGMENT INFORMATION (Details - Identifiable assets and capital expenditures by reportable segment) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Segment Reporting Information [Line Items]
Year-End Identifiable Assets	$ 498,301	$ 498,264
Capital Expenditures	483	1,119
Reportable Segments | General Insurance Companies
Segment Reporting Information [Line Items]
Year-End Identifiable Assets	114,841	118,287
Capital Expenditures	239	685
Reportable Segments | Life and Retirement Companies
Segment Reporting Information [Line Items]
Year-End Identifiable Assets	289,457	269,813
Capital Expenditures	88	85
Reportable Segments | Other
Segment Reporting Information [Line Items]
Year-End Identifiable Assets	105,425	122,016
Capital Expenditures	156	349
Reclassification and Eliminations
Segment Reporting Information [Line Items]
Year-End Identifiable Assets	(111,862)	(114,558)
AIG Consolidation and Eliminations
Segment Reporting Information [Line Items]
Year-End Identifiable Assets	(11,422)	(11,852)
Capital Expenditures	$ 0	$ 0

SEGMENT INFORMATION (Details 72

SEGMENT INFORMATION (Details - Consolidated operations and long-lived assets by major geographic area) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Revenues	$ 12,635	$ 11,751	$ 12,502	$ 12,632	$ 13,010	$ 12,854	$ 14,724	$ 11,779	$ 49,520	$ 52,367	$ 58,327
Real Estate and Other Fixed Assets, Net of Accumulated Depreciation	2,522				2,660				2,522	2,660	3,135
North America
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Revenues									34,149	36,871	41,680
Real Estate and Other Fixed Assets, Net of Accumulated Depreciation	1,630				1,326				1,630	1,326	1,819
International
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Revenues									15,371	15,496	16,647
Real Estate and Other Fixed Assets, Net of Accumulated Depreciation	$ 892				$ 1,334				$ 892	$ 1,334	$ 1,316

HELD-FOR-SALE CLASSIFICATION (D

HELD-FOR-SALE CLASSIFICATION (Details) - USD ($) $ in Millions	Nov. 14, 2016	Oct. 18, 2016	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Held-for-Sale Classification
Net income (loss) on sale of divested businesses			$ (241)	$ 13	$ 60	$ 100	$ (194)	$ (128)	$ (225)	$ 2	$ 68	$ 545	$ (11)
Assets:
Mortgage and other loans receivable, net			37,023				33,240				37,023	33,240
Other invested assets			20,822				24,538				20,822	24,538
Short-term investments			10,386				12,302				10,386	12,302
Cash			2,362				1,868				2,362	1,868	1,629	$ 1,758
Accrued investment income			2,356				2,495				2,356	2,495
Premiums and other receivables, net of allowance			10,248				10,465				10,248	10,465
Reinsurance assets, net of allowance			33,024				21,901				33,024	21,901
Deferred policy acquisition costs			10,994				11,042				10,994	11,042	11,115	9,828
Other assets			10,194				10,815				10,194	10,815
Total assets held for sale			0				7,199				0	7,199
Liabilities:
Liability for unpaid losses and loss adjustment expenses			78,393				77,077				78,393	77,077	74,942	$ 77,260
Unearned premiums			19,030				19,634				19,030	19,634
Future policy benefits for life and accident and health insurance contracts			45,432				42,204				45,432	42,204
Other policyholder funds			3,648				3,989				3,648	3,989
Long-term Debt			31,640				30,912				31,640	30,912
Other Liabilities			26,050				26,296				26,050	26,296
Total liabilities held for sale			$ 0				6,106				0	6,106
Held for sale [Member]
Assets:
Fixed maturity securities							6,045					6,045
Equity Securities							149					149
Mortgage and other loans receivable, net							137					137
Other invested assets							2					2
Short-term investments							130					130
Cash							133					133
Accrued investment income							21					21
Premiums and other receivables, net of allowance							351					351
Reinsurance assets, net of allowance							8					8
Deferred policy acquisition costs							471					471
Other assets							273					273
Assets of businesses held for sale							7,720					7,720
Less: Loss Accrual							(521)					(521)
Total assets held for sale							7,199					7,199
Liabilities:
Liability for unpaid losses and loss adjustment expenses							402					402
Unearned premiums							297					297
Future policy benefits for life and accident and health insurance contracts							4,579					4,579
Other policyholder funds							378					378
Long-term Debt							0					0
Other Liabilities							450					450
Total liabilities held for sale							$ 6,106					$ 6,106
United Guaranty Asia
Held-for-Sale Classification
Voting interest in subsidiary, Percent							100.00%					100.00%
Total consideration							$ 3,300					$ 3,300
Consideration in cash				40								2,200
Non-cash consideration received from sale											$ 0	1,101	$ 0
Cash consideration retained by buyer												40
Dividend-in-lieu												261
Net income (loss) on sale of divested businesses												$ 697
Certain insurance operations
Held-for-Sale Classification
Consideration in cash		$ 234		$ 168	$ 48
AIG Fuji Life Insurance
Held-for-Sale Classification
Consideration in cash	$ 333
Net income (loss) on sale of divested businesses	$ (591)

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details - Long Term Debt) - Borrowings supported by assets - GIAs	Dec. 31, 2017
Debt Instrument [Line Items]
Range of guaranteed minimum return rates (as a percent)	7.62%
Maximum
Debt Instrument [Line Items]
Range of guaranteed minimum return rates (as a percent)	7.62%
Minimum
Debt Instrument [Line Items]
Range of guaranteed minimum return rates (as a percent)	0.50%

FAIR VALUE MEASUREMENTS (Deta75

FAIR VALUE MEASUREMENTS (Details - Assets and Liabilities Measured at Fair Value on a Recurring Basis) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	$ 238,992	$ 241,537
Other bond securities	12,772	13,998
Equity securities available for sale	1,708	2,078
Other equity securities	589	482
Other invested assets	6,248	6,946
Derivative Assets, Fair Value	3,545	3,977
Derivative assets, Counterparty netting	(1,464)	(1,265)
Derivative assets, Cash collateral	(1,159)	(903)
Short-term investments, portion measured at fair value	2,615	3,341
Separate account assets, at fair value	92,798	82,972
Other assets	922	1,809
Fair Value, Liabilities Measured on Recurring Basis
Policyholder contract deposits, portion measured at fair value	4,150	3,058
Other policyholder funds	3,648	3,989
Derivative Liabilities, Fair Value	3,748	4,802
Derivative liabilities, Counterparty netting	(1,464)	(1,265)
Derivative liabilities, Cash collateral	(1,249)	(1,521)
Long-term debt, portion measured at fair value	2,888	3,428
Other liabilities	1,124	2,016
Preferred Stock
Fair Value, Liabilities Measured on Recurring Basis
Assets transferred from Level 1 to Level 2	126	0
Recurring Basis | U.S. government and government sponsored entities
Fair Value, Liabilities Measured on Recurring Basis
Assets transferred from Level 1 to Level 2	113	34
Recurring Basis | Non-U.S. governments
Fair Value, Liabilities Measured on Recurring Basis
Assets transferred from Level 1 to Level 2	392	1,074
Recurring Basis | Level 1
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	221	115
Other bond securities	238	0
Equity securities available for sale	1,189	2,068
Other equity securities	589	482
Mortgage and other loans receivable		0
Other invested assets	0	0
Derivative Assets, Fair Value	189	188
Short-term investments, portion measured at fair value	2,078	2,660
Separate account assets, at fair value	87,141	77,318
Fair value assets measured on recurring basis, total	91,645	82,831
Fair Value, Liabilities Measured on Recurring Basis
Other policyholder funds	0	5
Derivative Liabilities, Fair Value	4	12
Other liabilities	46	0
Fair value liabilities measured on recurring basis, total	50	17
Recurring Basis | Level 1 | Interest rate contracts
Fair Value, Assets Measured on Recurring Basis
Derivative Assets, Fair Value	1	0
Fair Value, Liabilities Measured on Recurring Basis
Derivative Liabilities, Fair Value	2
Recurring Basis | Level 1 | Equity contracts
Fair Value, Assets Measured on Recurring Basis
Derivative Assets, Fair Value	188	188
Fair Value, Liabilities Measured on Recurring Basis
Derivative Liabilities, Fair Value	2	12
Recurring Basis | Level 1 | U.S. government and government sponsored entities
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	201	63
Other bond securities	238	0
Recurring Basis | Level 1 | Obligations of states, municipalities and political subdivisions
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale		0
Other bond securities	0	0
Recurring Basis | Level 1 | Non-U.S. governments
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	20	52
Other bond securities	0	0
Recurring Basis | Level 1 | Corporate debt
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale		0
Other bond securities	0	0
Recurring Basis | Level 1 | Residential mortgage-backed securities (RMBS)
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale		0
Other bond securities	0	0
Recurring Basis | Level 1 | Commercial mortgage-backed securities (CMBS)
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale		0
Other bond securities	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
Other bond securities	0	0
Recurring Basis | Level 1 | Common Stock
Fair Value, Assets Measured on Recurring Basis
Equity securities available for sale	1,061	1,056
Recurring Basis | Level 1 | Preferred Stock
Fair Value, Assets Measured on Recurring Basis
Equity securities available for sale	18	752
Recurring Basis | Level 1 | Mutual Funds
Fair Value, Assets Measured on Recurring Basis
Equity securities available for sale	110	260
Recurring Basis | Level 2
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	209,775	211,451
Other bond securities	6,022	6,518
Equity securities available for sale	519	10
Other equity securities	0	0
Mortgage and other loans receivable		0
Other invested assets	1	1
Derivative Assets, Fair Value	3,249	3,713
Short-term investments, portion measured at fair value	537	681
Separate account assets, at fair value	5,657	5,654
Other assets		0
Fair value assets measured on recurring basis, total	225,760	228,028
Fair Value, Liabilities Measured on Recurring Basis
Policyholder contract deposits, portion measured at fair value	14	25
Other policyholder funds		0
Derivative Liabilities, Fair Value	3,450	4,405
Long-term debt, portion measured at fair value	2,888	3,357
Other liabilities	43	0
Fair value liabilities measured on recurring basis, total	6,395	7,787
Recurring Basis | Level 2 | Interest rate contracts
Fair Value, Assets Measured on Recurring Basis
Derivative Assets, Fair Value	2,170	2,328
Fair Value, Liabilities Measured on Recurring Basis
Derivative Liabilities, Fair Value	2,176	3,039
Recurring Basis | Level 2 | Foreign exchange contracts
Fair Value, Assets Measured on Recurring Basis
Derivative Assets, Fair Value	827	1,320
Fair Value, Liabilities Measured on Recurring Basis
Derivative Liabilities, Fair Value	1,241	1,358
Recurring Basis | Level 2 | Equity contracts
Fair Value, Assets Measured on Recurring Basis
Derivative Assets, Fair Value	252	59
Fair Value, Liabilities Measured on Recurring Basis
Derivative Liabilities, Fair Value	19	7
Recurring Basis | Level 2 | Credit contracts
Fair Value, Liabilities Measured on Recurring Basis
Derivative Liabilities, Fair Value	14
Recurring Basis | Level 2 | Other contracts
Fair Value, Assets Measured on Recurring Basis
Derivative Assets, Fair Value	0	6
Fair Value, Liabilities Measured on Recurring Basis
Derivative Liabilities, Fair Value	0	1
Recurring Basis | Level 2 | U.S. government and government sponsored entities
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	2,455	1,929
Other bond securities	2,564	2,939
Recurring Basis | Level 2 | Obligations of states, municipalities and political subdivisions
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	16,240	22,732
Other bond securities	0	0
Recurring Basis | Level 2 | Non-U.S. governments
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	15,631	14,466
Other bond securities	57	51
Recurring Basis | Level 2 | Corporate debt
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	133,003	131,047
Other bond securities	1,891	1,755
Recurring Basis | Level 2 | Residential mortgage-backed securities (RMBS)
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	21,098	20,468
Other bond securities	421	420
Recurring Basis | Level 2 | Commercial mortgage-backed securities (CMBS)
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	13,217	12,231
Other bond securities	485	448
Recurring Basis | Level 2 | Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	8,131	8,578
Other bond securities	604	905
Recurring Basis | Level 2 | Common Stock
Fair Value, Assets Measured on Recurring Basis
Equity securities available for sale	0	9
Recurring Basis | Level 2 | Preferred Stock
Fair Value, Assets Measured on Recurring Basis
Equity securities available for sale	515	0
Recurring Basis | Level 2 | Mutual Funds
Fair Value, Assets Measured on Recurring Basis
Equity securities available for sale	4	1
Recurring Basis | Level 3
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	28,996	29,971
Other bond securities	6,512	7,480
Equity securities available for sale	0	0
Other equity securities	0	0
Mortgage and other loans receivable	5	11
Other invested assets	250	204
Derivative Assets, Fair Value	107	76
Fair value assets measured on recurring basis, total	35,870	37,742
Fair Value, Liabilities Measured on Recurring Basis
Policyholder contract deposits, portion measured at fair value	4,136	3,033
Derivative Liabilities, Fair Value	294	385
Long-term debt, portion measured at fair value	0	71
Other liabilities		0
Fair value liabilities measured on recurring basis, total	4,430	3,489
Recurring Basis | Level 3 | Interest rate contracts
Fair Value, Assets Measured on Recurring Basis
Derivative Assets, Fair Value	0	0
Fair Value, Liabilities Measured on Recurring Basis
Derivative Liabilities, Fair Value	22	38
Recurring Basis | Level 3 | Foreign exchange contracts
Fair Value, Assets Measured on Recurring Basis
Derivative Assets, Fair Value	4	0
Fair Value, Liabilities Measured on Recurring Basis
Derivative Liabilities, Fair Value	4	11
Recurring Basis | Level 3 | Equity contracts
Fair Value, Assets Measured on Recurring Basis
Derivative Assets, Fair Value	82	58
Fair Value, Liabilities Measured on Recurring Basis
Derivative Liabilities, Fair Value	0	0
Recurring Basis | Level 3 | Credit contracts
Fair Value, Assets Measured on Recurring Basis
Derivative Assets, Fair Value	1	2
Fair Value, Liabilities Measured on Recurring Basis
Derivative Liabilities, Fair Value	263	331
Recurring Basis | Level 3 | Other contracts
Fair Value, Assets Measured on Recurring Basis
Derivative Assets, Fair Value	20	16
Fair Value, Liabilities Measured on Recurring Basis
Derivative Liabilities, Fair Value	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
Other bond securities	0	0
Recurring Basis | Level 3 | Obligations of states, municipalities and political subdivisions
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	2,404	2,040
Other bond securities	0	0
Recurring Basis | Level 3 | Non-U.S. governments
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	8	17
Other bond securities	0	0
Recurring Basis | Level 3 | Corporate debt
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	1,173	1,133
Other bond securities	18	17
Recurring Basis | Level 3 | Residential mortgage-backed securities (RMBS)
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	16,136	16,906
Other bond securities	1,464	1,605
Recurring Basis | Level 3 | Commercial mortgage-backed securities (CMBS)
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	624	2,040
Other bond securities	74	155
Recurring Basis | Level 3 | Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	8,651	7,835
Other bond securities	4,956	5,703
Recurring Basis | Level 3 | Common Stock
Fair Value, Assets Measured on Recurring Basis
Equity securities available for sale		0
Recurring Basis | Level 3 | Preferred Stock
Fair Value, Assets Measured on Recurring Basis
Equity securities available for sale		0
Recurring Basis | Level 3 | Mutual Funds
Fair Value, Assets Measured on Recurring Basis
Equity securities available for sale		0
Recurring Basis | Counterparty Netting
Fair Value, Assets Measured on Recurring Basis
Derivative assets, Counterparty netting	(1,464)	(1,265)
Fair value assets measured on recurring basis, total	(1,464)	(1,265)
Fair Value, Liabilities Measured on Recurring Basis
Derivative liabilities, Counterparty netting	(1,464)	(1,265)
Other liabilities		0
Fair value liabilities measured on recurring basis, total	(1,464)	(1,265)
Recurring Basis | Counterparty Netting | Counterparty netting and cash collateral
Fair Value, Assets Measured on Recurring Basis
Derivative assets, Counterparty netting	(1,464)	(1,265)
Fair Value, Liabilities Measured on Recurring Basis
Derivative liabilities, Counterparty netting	(1,464)	(1,265)
Recurring Basis | Cash Collateral
Fair Value, Assets Measured on Recurring Basis
Derivative assets, Cash collateral	(1,159)	(903)
Fair value assets measured on recurring basis, total	(1,159)	(903)
Fair Value, Liabilities Measured on Recurring Basis
Derivative liabilities, Cash collateral	(1,249)	(1,521)
Other liabilities		0
Fair value liabilities measured on recurring basis, total	(1,249)	(1,521)
Recurring Basis | Cash Collateral | Counterparty netting and cash collateral
Fair Value, Assets Measured on Recurring Basis
Derivative assets, Cash collateral	(1,159)	(903)
Fair Value, Liabilities Measured on Recurring Basis
Derivative liabilities, Cash collateral	(1,249)	(1,521)
Recurring Basis | Total Fair Value
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	238,992	241,537
Other bond securities	12,772	13,998
Equity securities available for sale	1,708	2,078
Other equity securities	589	482
Mortgage and other loans receivable	5	11
Other invested assets	251	205
Derivative Assets, Fair Value	922	1,809
Short-term investments, portion measured at fair value	2,615	3,341
Separate account assets, at fair value	92,798	82,972
Other assets		0
Fair value assets measured on recurring basis, total	350,652	346,433
Fair Value, Liabilities Measured on Recurring Basis
Policyholder contract deposits, portion measured at fair value	4,150	3,058
Other policyholder funds	0	5
Derivative Liabilities, Fair Value	1,035	2,016
Long-term debt, portion measured at fair value	2,888	3,428
Other liabilities	89	0
Fair value liabilities measured on recurring basis, total	8,162	8,507
Recurring Basis | Total Fair Value | Interest rate contracts
Fair Value, Assets Measured on Recurring Basis
Derivative Assets, Fair Value	2,171	2,328
Fair Value, Liabilities Measured on Recurring Basis
Derivative Liabilities, Fair Value	2,200	3,077
Recurring Basis | Total Fair Value | Foreign exchange contracts
Fair Value, Assets Measured on Recurring Basis
Derivative Assets, Fair Value	831	1,320
Fair Value, Liabilities Measured on Recurring Basis
Derivative Liabilities, Fair Value	1,245	1,369
Recurring Basis | Total Fair Value | Equity contracts
Fair Value, Assets Measured on Recurring Basis
Derivative Assets, Fair Value	522	305
Fair Value, Liabilities Measured on Recurring Basis
Derivative Liabilities, Fair Value	21	19
Recurring Basis | Total Fair Value | Credit contracts
Fair Value, Assets Measured on Recurring Basis
Derivative Assets, Fair Value	1	2
Fair Value, Liabilities Measured on Recurring Basis
Derivative Liabilities, Fair Value	277	331
Recurring Basis | Total Fair Value | Other contracts
Fair Value, Assets Measured on Recurring Basis
Derivative Assets, Fair Value	20	22
Fair Value, Liabilities Measured on Recurring Basis
Derivative Liabilities, Fair Value	5	6
Recurring Basis | Total Fair Value | Counterparty netting and cash collateral
Fair Value, Assets Measured on Recurring Basis
Derivative Assets, Fair Value	(2,623)	(2,168)
Fair Value, Liabilities Measured on Recurring Basis
Derivative Liabilities, Fair Value	(2,713)	(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	2,656	1,992
Other bond securities	2,802	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	18,644	24,772
Other bond securities	0	0
Recurring Basis | Total Fair Value | Non-U.S. governments
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	15,659	14,535
Other bond securities	57	51
Recurring Basis | Total Fair Value | Corporate debt
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	134,176	132,180
Other bond securities	1,909	1,772
Recurring Basis | Total Fair Value | Residential mortgage-backed securities (RMBS)
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	37,234	37,374
Other bond securities	1,885	2,025
Recurring Basis | Total Fair Value | Commercial mortgage-backed securities (CMBS)
Fair Value, Assets Measured on Recurring Basis
Bonds available for sale	13,841	14,271
Other bond securities	559	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	16,782	16,413
Other bond securities	5,560	6,608
Recurring Basis | Total Fair Value | Common Stock
Fair Value, Assets Measured on Recurring Basis
Equity securities available for sale	1,061	1,065
Recurring Basis | Total Fair Value | Preferred Stock
Fair Value, Assets Measured on Recurring Basis
Equity securities available for sale	533	752
Recurring Basis | Total Fair Value | Mutual Funds
Fair Value, Assets Measured on Recurring Basis
Equity securities available for sale	$ 114	$ 261

FAIR VALUE MEASUREMENTS (Deta76

FAIR VALUE MEASUREMENTS (Details - Changes in Level 3 Recurring Fair Value Measurements) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation
Balance Beginning of Period	$ 37,666	$ 38,020
Net Realized and Unrealized Gains (Losses) Included in Income	2,133	1,380
Other Comprehensive Income (Loss)	1,298	(321)
Purchases, Sales, Issues and Settlements, Net	(4,647)	(1,275)
Gross Transfers in, assets	956	1,364
Gross Transfers out, assets	(1,643)	(1,485)
Divested Businesses	0	(14)
Reclassified to Assets Held for Sale	0	(3)
Balance End of Period	35,763	37,666
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets	487	(410)
Balance at the Beginning of the Period	3,413	3,028
Net realized and unrealized gains and losses related to Level 3 items, liabilities	639	341
Accumulated Other Comprehensive Income (loss)		0
Purchases, Sales, Issues and Settlements-Net	274	153
Gross Transfers in, liabilities	(3)	0
Gross Transfers out, liabilities	0	(109)
Balance at the End of the Period	4,323	3,413
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, liabilities	(318)	(156)
Policyholder contract deposits
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation
Balance at the Beginning of the Period	3,033	2,289
Net realized and unrealized gains and losses related to Level 3 items, liabilities	807	441
Accumulated Other Comprehensive Income (loss)	0	0
Purchases, Sales, Issues and Settlements-Net	296	303
Gross Transfers in, liabilities	0	0
Gross Transfers out, liabilities	0	0
Balance at the End of the Period	4,136	3,033
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, liabilities	(499)	(366)
Derivative liabilities, net
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation
Balance at the Beginning of the Period	309	556
Net realized and unrealized gains and losses related to Level 3 items, liabilities	(184)	(104)
Accumulated Other Comprehensive Income (loss)		0
Purchases, Sales, Issues and Settlements-Net	65	(147)
Gross Transfers in, liabilities	(3)	0
Gross Transfers out, liabilities	0	4
Balance at the End of the Period	187	309
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, liabilities	181	211
Interest rate contracts
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation
Balance at the Beginning of the Period	38	50
Net realized and unrealized gains and losses related to Level 3 items, liabilities	(5)	(8)
Accumulated Other Comprehensive Income (loss)	0	0
Purchases, Sales, Issues and Settlements-Net	(11)	(4)
Gross Transfers in, liabilities	0	0
Gross Transfers out, liabilities	0	0
Balance at the End of the Period	22	38
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, liabilities	5	6
Foreign exchange contracts
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation
Balance at the Beginning of the Period	11	7
Net realized and unrealized gains and losses related to Level 3 items, liabilities	(2)	5
Accumulated Other Comprehensive Income (loss)	0	0
Purchases, Sales, Issues and Settlements-Net	(9)	(1)
Gross Transfers in, liabilities	0	0
Gross Transfers out, liabilities	0	0
Balance at the End of the Period	0	11
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, liabilities	3	(4)
Equity contracts
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation
Balance at the Beginning of the Period	(58)	(54)
Net realized and unrealized gains and losses related to Level 3 items, liabilities	(41)	(10)
Accumulated Other Comprehensive Income (loss)	0	0
Purchases, Sales, Issues and Settlements-Net	17	6
Gross Transfers in, liabilities	0	0
Gross Transfers out, liabilities	0	0
Balance at the End of the Period	(82)	(58)
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, liabilities	35	10
Commodity contracts
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation
Balance at the Beginning of the Period	0	0
Net realized and unrealized gains and losses related to Level 3 items, liabilities	0	0
Accumulated Other Comprehensive Income (loss)	0	0
Purchases, Sales, Issues and Settlements-Net	0	0
Gross Transfers in, liabilities	0	0
Gross Transfers out, liabilities	0	0
Balance at the End of the Period	0	0
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, liabilities	0	0
Credit contracts
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation
Balance at the Beginning of the Period	329	505
Net realized and unrealized gains and losses related to Level 3 items, liabilities	(62)	(81)
Accumulated Other Comprehensive Income (loss)	0	0
Purchases, Sales, Issues and Settlements-Net	(5)	(95)
Gross Transfers in, liabilities	0	0
Gross Transfers out, liabilities	0	0
Balance at the End of the Period	262	329
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, liabilities	61	71
Other contracts
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation
Balance at the Beginning of the Period	(11)	48
Net realized and unrealized gains and losses related to Level 3 items, liabilities	(74)	(10)
Accumulated Other Comprehensive Income (loss)	0	0
Purchases, Sales, Issues and Settlements-Net	73	(53)
Gross Transfers in, liabilities	(3)	0
Gross Transfers out, liabilities	0	4
Balance at the End of the Period	(15)	(11)
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, liabilities	77	128
Long-term debt
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation
Balance at the Beginning of the Period	71	183
Net realized and unrealized gains and losses related to Level 3 items, liabilities	16	4
Accumulated Other Comprehensive Income (loss)		0
Purchases, Sales, Issues and Settlements-Net	(87)	(3)
Gross Transfers in, liabilities		0
Gross Transfers out, liabilities	0	(113)
Balance at the End of the Period	0	71
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, liabilities	0	(1)
Bonds available for sale
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation
Balance Beginning of Period	29,971	28,817
Net Realized and Unrealized Gains (Losses) Included in Income	1,080	1,065
Other Comprehensive Income (Loss)	1,304	(321)
Purchases, Sales, Issues and Settlements, Net	(2,820)	476
Gross Transfers in, assets	933	1,299
Gross Transfers out, assets	(1,472)	(1,348)
Divested Businesses	0	(14)
Reclassified to Assets Held for Sale	0	(3)
Balance End of Period	28,996	29,971
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets		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	2,040	2,124
Net Realized and Unrealized Gains (Losses) Included in Income	5	5
Other Comprehensive Income (Loss)	167	0
Purchases, Sales, Issues and Settlements, Net	216	61
Gross Transfers in, assets	8	2
Gross Transfers out, assets	(32)	(152)
Balance End of Period	2,404	2,040
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets		0
Bonds available for sale | Non-U.S. governments
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation
Balance Beginning of Period	17	32
Net Realized and Unrealized Gains (Losses) Included in Income	(9)	(3)
Other Comprehensive Income (Loss)	9	(12)
Purchases, Sales, Issues and Settlements, Net	(9)	7
Gross Transfers in, assets	0	1
Gross Transfers out, assets	0	(5)
Divested Businesses		0
Reclassified to Assets Held for Sale	0	(3)
Balance End of Period	8	17
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets		0
Bonds available for sale | Corporate debt
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation
Balance Beginning of Period	1,133	1,370
Net Realized and Unrealized Gains (Losses) Included in Income	(3)	(13)
Other Comprehensive Income (Loss)	20	(42)
Purchases, Sales, Issues and Settlements, Net	(259)	(111)
Gross Transfers in, assets	886	920
Gross Transfers out, assets	(604)	(977)
Divested Businesses	0	(14)
Reclassified to Assets Held for Sale		0
Balance End of Period	1,173	1,133
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets		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	16,906	16,537
Net Realized and Unrealized Gains (Losses) Included in Income	1,071	970
Other Comprehensive Income (Loss)	942	(24)
Purchases, Sales, Issues and Settlements, Net	(2,763)	(878)
Gross Transfers in, assets	19	330
Gross Transfers out, assets	(39)	(29)
Balance End of Period	16,136	16,906
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets		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	2,040	2,585
Net Realized and Unrealized Gains (Losses) Included in Income	35	72
Other Comprehensive Income (Loss)	11	(132)
Purchases, Sales, Issues and Settlements, Net	(748)	(323)
Gross Transfers in, assets	20	23
Gross Transfers out, assets	(734)	(185)
Balance End of Period	624	2,040
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets		0
Bonds available for sale | Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation
Balance Beginning of Period	7,835	6,169
Net Realized and Unrealized Gains (Losses) Included in Income	(19)	34
Other Comprehensive Income (Loss)	155	(111)
Purchases, Sales, Issues and Settlements, Net	743	1,720
Gross Transfers in, assets	0	23
Gross Transfers out, assets	(63)	0
Balance End of Period	8,651	7,835
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets		0
Other bond securities
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation
Balance Beginning of Period	7,480	8,846
Net Realized and Unrealized Gains (Losses) Included in Income	1,039	314
Other Comprehensive Income (Loss)	0	0
Purchases, Sales, Issues and Settlements, Net	(1,861)	(1,662)
Gross Transfers in, assets	23	65
Gross Transfers out, assets	(169)	(83)
Balance End of Period	6,512	7,480
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets	481	(418)
Other bond securities | Corporate debt
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation
Balance Beginning of Period	17	17
Net Realized and Unrealized Gains (Losses) Included in Income	3	0
Other Comprehensive Income (Loss)	0	0
Purchases, Sales, Issues and Settlements, Net	10	0
Gross Transfers in, assets	0	0
Gross Transfers out, assets	(12)	0
Balance End of Period	18	17
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets	1	0
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	1,605	1,581
Net Realized and Unrealized Gains (Losses) Included in Income	191	43
Other Comprehensive Income (Loss)	0	0
Purchases, Sales, Issues and Settlements, Net	(313)	(1)
Gross Transfers in, assets	14	0
Gross Transfers out, assets	(33)	(18)
Balance End of Period	1,464	1,605
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets	113	(24)
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	155	193
Net Realized and Unrealized Gains (Losses) Included in Income	4	0
Other Comprehensive Income (Loss)	0	0
Purchases, Sales, Issues and Settlements, Net	24	(38)
Gross Transfers in, assets	9	0
Gross Transfers out, assets	(118)	0
Balance End of Period	74	155
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets	5	(1)
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	5,703	7,055
Net Realized and Unrealized Gains (Losses) Included in Income	841	271
Other Comprehensive Income (Loss)	0	0
Purchases, Sales, Issues and Settlements, Net	(1,582)	(1,623)
Gross Transfers in, assets	0	65
Gross Transfers out, assets	(6)	(65)
Balance End of Period	4,956	5,703
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets	362	(393)
Equity securities available for sale
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation
Balance Beginning of Period	0	0
Net Realized and Unrealized Gains (Losses) Included in Income	0	0
Other Comprehensive Income (Loss)	0	0
Purchases, Sales, Issues and Settlements, Net	1	0
Gross Transfers in, assets	0	0
Gross Transfers out, assets	(1)	0
Balance End of Period	0	0
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets	0	0
Equity securities available for sale | Common Stock
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation
Balance Beginning of Period	0	0
Net Realized and Unrealized Gains (Losses) Included in Income	0	0
Other Comprehensive Income (Loss)	0	0
Purchases, Sales, Issues and Settlements, Net	1	0
Gross Transfers in, assets	0	0
Gross Transfers out, assets	(1)	0
Balance End of Period	0	0
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets	0	0
Mortgage and other loans receivable
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation
Balance Beginning of Period	11	11
Net Realized and Unrealized Gains (Losses) Included in Income	0	0
Other Comprehensive Income (Loss)	0	0
Purchases, Sales, Issues and Settlements, Net	(6)	0
Gross Transfers in, assets	0	0
Gross Transfers out, assets	0	0
Balance End of Period	5	11
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets	0
Other invested assets
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation
Balance Beginning of Period	204	332
Net Realized and Unrealized Gains (Losses) Included in Income	14	1
Other Comprehensive Income (Loss)	(6)	0
Purchases, Sales, Issues and Settlements, Net	39	(75)
Gross Transfers in, assets	0	0
Gross Transfers out, assets	(1)	(54)
Balance End of Period	250	204
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets	6	8
Other equity securities
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation
Balance Beginning of Period	0	14
Net Realized and Unrealized Gains (Losses) Included in Income	0	0
Other Comprehensive Income (Loss)	0	0
Purchases, Sales, Issues and Settlements, Net	0	(14)
Gross Transfers in, assets	0	0
Gross Transfers out, assets	0	0
Balance End of Period	0	0
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets	$ 0	$ 0

FAIR VALUE MEASUREMENTS (Deta77

FAIR VALUE MEASUREMENTS (Details - Net realized and unrealized gains and losses included in income related to Level 3 assets and liabilities) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 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	$ 2,133	$ 1,380
Net realized and unrealized gains and losses related to Level 3 items, liabilities	639	341
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	807	441
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
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	807	441
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
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	(184)	(104)
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
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	(17)	(8)
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	(167)	(96)
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	16	4
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	16	4
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	1,080	1,065
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	1,127	1,180
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	(49)	(118)
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	2	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	1,039	314
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	308	110
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	0	44
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	731	160
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
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
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
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 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
Other 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 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	14	1
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	9	13
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	6	39
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	$ (1)	$ (51)

FAIR VALUE MEASUREMENTS (Deta78

FAIR VALUE MEASUREMENTS (Details - Gross components of purchases, sales, issues and settlements) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Purchases, assets	$ 4,053	$ 5,974
Sales, assets	(1,071)	(971)
Settlements, assets	(7,629)	(6,278)
Purchases, Sales, Issues and Settlements, Net, assets	(4,647)	(1,275)
Purchases, Sales, Issues and Settlements, Net, liabilities	274	153
Issuances	0	0
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	(64)	(188)
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.	(36)	(189)
Liabilities
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Purchases, liabilities	(4)	(6)
Sales, liabilities	344	437
Settlements, liabilities	(66)	(278)
Policyholder contract deposits
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Sales, liabilities	344	437
Settlements, liabilities	(48)	(134)
Purchases, Sales, Issues and Settlements, Net, liabilities	296	303
Derivative liabilities, net
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Purchases, liabilities	(4)	(6)
Sales, liabilities	0	0
Settlements, liabilities	69	(141)
Purchases, Sales, Issues and Settlements, Net, liabilities	65	(147)
Long-term debt
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Settlements, liabilities	(87)	(3)
Purchases, Sales, Issues and Settlements, Net, liabilities	(87)	(3)
Bonds available for sale
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Purchases, assets	3,704	5,457
Sales, assets	(725)	(311)
Settlements, assets	(5,799)	(4,670)
Purchases, Sales, Issues and Settlements, Net, assets	(2,820)	476
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	286	164
Sales, assets	(16)	(8)
Settlements, assets	(54)	(95)
Purchases, Sales, Issues and Settlements, Net, assets	216	61
Bonds available for sale | Non-U.S. governments
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Purchases, assets	9	13
Sales, assets	(1)	0
Settlements, assets	(17)	(6)
Purchases, Sales, Issues and Settlements, Net, assets	(9)	7
Bonds available for sale | Corporate debt
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Purchases, assets	36	29
Sales, assets	(59)	(25)
Settlements, assets	(236)	(115)
Purchases, Sales, Issues and Settlements, Net, assets	(259)	(111)
Bonds available for sale | Residential mortgage-backed securities (RMBS)
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Purchases, assets	1,199	2,635
Sales, assets	(260)	(81)
Settlements, assets	(3,702)	(3,432)
Purchases, Sales, Issues and Settlements, Net, assets	(2,763)	(878)
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	75	156
Sales, assets	(146)	(98)
Settlements, assets	(677)	(381)
Purchases, Sales, Issues and Settlements, Net, assets	(748)	(323)
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	2,099	2,460
Sales, assets	(243)	(99)
Settlements, assets	(1,113)	(641)
Purchases, Sales, Issues and Settlements, Net, assets	743	1,720
Other bond securities
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Purchases, assets	229	465
Sales, assets	(294)	(648)
Settlements, assets	(1,796)	(1,479)
Purchases, Sales, Issues and Settlements, Net, assets	(1,861)	(1,662)
Other bond securities | Corporate debt
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Purchases, assets	11
Sales, assets	0
Settlements, assets	(1)	0
Purchases, Sales, Issues and Settlements, Net, assets	10	0
Other bond securities | Residential mortgage-backed securities (RMBS)
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Purchases, assets	167	343
Sales, assets	(218)	(104)
Settlements, assets	(262)	(240)
Purchases, Sales, Issues and Settlements, Net, assets	(313)	(1)
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	53
Sales, assets	(11)	(86)
Settlements, assets	(7)	(5)
Purchases, Sales, Issues and Settlements, Net, assets	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	9	69
Sales, assets	(65)	(458)
Settlements, assets	(1,526)	(1,234)
Purchases, Sales, Issues and Settlements, Net, assets	(1,582)	(1,623)
Equity securities
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Purchases, assets	13	0
Sales, assets	0	0
Settlements, assets	(12)	0
Purchases, Sales, Issues and Settlements, Net, assets	1	0
Other equity securities
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Purchases, assets	0	14
Sales, assets	0	0
Settlements, assets	0	(28)
Purchases, Sales, Issues and Settlements, Net, assets	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	1
Sales, assets	(6)	(2)
Settlements, assets	0	1
Purchases, Sales, Issues and Settlements, Net, assets	(6)	0
Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Purchases, assets	107	37
Sales, assets	(46)	(10)
Settlements, assets	(22)	(102)
Purchases, Sales, Issues and Settlements, Net, assets	$ 39	$ (75)

FAIR VALUE MEASUREMENTS (Deta79

FAIR VALUE MEASUREMENTS (Details - Quantitative Information about Level 3 Fair Value Measurements, Assets)) - Level 3 - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Corporate debt
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value	$ 1,086	$ 498
Corporate debt | Discounted cash flow | Minimum
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Yield	3.26%	3.41%
Corporate debt | Discounted cash flow | Maximum
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Yield	12.22%	6.38%
Corporate debt | Discounted cash flow | Weighted-average
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Yield	7.74%	4.90%
Residential mortgage-backed securities
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value	$ 16,156	$ 17,412
Residential mortgage-backed securities | Discounted cash flow | Minimum
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Yield	2.73%	3.28%
Constant prepayment rate	3.97%	3.95%
Loss severity	43.15%	47.51%
Constant default rate	3.31%	3.28%
Residential mortgage-backed securities | Discounted cash flow | Maximum
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Yield	5.19%	5.87%
Constant prepayment rate	13.42%	6.54%
Loss severity	77.15%	80.98%
Constant default rate	8.30%	8.64%
Residential mortgage-backed securities | Discounted cash flow | Weighted-average
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Yield	3.96%	4.57%
Constant prepayment rate	8.69%	5.25%
Loss severity	60.15%	64.24%
Constant default rate	5.80%	5.96%
Certain CDO/ABS
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value	$ 5,254	$ 4,368
Certain CDO/ABS | Discounted cash flow | Minimum
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Yield	3.38%	3.67%
Certain CDO/ABS | Discounted cash flow | Maximum
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Yield	4.78%	5.85%
Certain CDO/ABS | Discounted cash flow | Weighted-average
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Yield	4.08%	4.76%
Commercial mortgage backed securities
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value	$ 487	$ 1,511
Commercial mortgage backed securities | Discounted cash flow | Minimum
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Yield	2.22%	0.48%
Commercial mortgage backed securities | Discounted cash flow | Maximum
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Yield	7.77%	10.21%
Commercial mortgage backed securities | Discounted cash flow | Weighted-average
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Yield	4.99%	5.34%
Obligations of states, municipalities and political subdivisions
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value	$ 1,620	$ 1,248
Obligations of states, municipalities and political subdivisions | Discounted cash flow | Minimum
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Yield	3.55%	4.12%
Obligations of states, municipalities and political subdivisions | Discounted cash flow | Maximum
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Yield	4.32%	4.91%
Obligations of states, municipalities and political subdivisions | Discounted cash flow | Weighted-average
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Yield	3.94%	4.52%

FAIR VALUE MEASUREMENTS (Deta80

FAIR VALUE MEASUREMENTS (Details - Quantitative Information about Level 3 Fair Value Measurements, Liabilities) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
GMWB | Level 3
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Fair value	$ 1,994	$ 1,777
GMWB | Discounted cash flow | Minimum | Level 3
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Equity volatility	6.45%	13.00%
Base lapse rates	0.35%	0.50%
Dynamic lapse rates	30.00%	30.00%
Utilization rates	90.00%	100.00%
Mortality multiplier	40.00%	42.00%
Equity/Interest-rate Correlation	20.00%	20.00%
GMWB | Discounted cash flow | Maximum | Level 3
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Equity volatility	51.25%	50.00%
Base lapse rates	14.00%	20.00%
Dynamic lapse rates	170.00%	170.00%
Utilization rates	100.00%	100.00%
Mortality multiplier	153.00%	161.00%
Equity/Interest-rate Correlation	40.00%	40.00%
Index Annuities | Level 3
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Fair value	$ 1,603	$ 859
Index Annuities | Discounted cash flow | Minimum | Level 3
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Lapse rates	0.50%	1.00%
Mortality multiplier	42.00%	101.00%
Options Budget	1.00%	1.00%
Index Annuities | Discounted cash flow | Maximum | Level 3
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Lapse rates	40.00%	66.00%
Mortality multiplier	162.00%	103.00%
Options Budget	4.00%	4.00%
Index Life | Level 3
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Fair value	$ 515	$ 381
Index Life | Discounted cash flow | Minimum | Level 3
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Base lapse rates	2.00%	2.00%
Mortality rates	0.00%	0.00%
Index Life | Discounted cash flow | Maximum | Level 3
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]
Change in equity volatilities assumption	$ 0
Change in equity/interest rate correlation assumption	$ 0

FAIR VALUE MEASUREMENTS (Deta81

FAIR VALUE MEASUREMENTS (Details - Investments in certain other invested assets, including private equity funds, hedge funds and other alternative investments) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 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	$ 5,997	$ 6,741
Unfunded Commitments	1,239	1,279
Direct private equity
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value Using Net Asset Value Per Share or its equivalent	2,128	2,254
Unfunded Commitments	$ 1,227	1,248
Average original expected lives	10 years
Direct private equity | Maximum [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Average original expected lives, Increments	2 years
Direct private equity | Minimum [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Average original expected lives, Increments	1 year
Direct private equity | 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	58.00%
Direct private equity | 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	0 years
Direct private equity | 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%
Direct private equity | 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	0 years
Direct private equity | 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	0 years
Direct private equity | 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	25.00%
Direct private equity | 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	0 years
Direct private equity | 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	0 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	$ 1,243	1,424
Unfunded Commitments	706	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	210	258
Unfunded Commitments	187	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	134	137
Unfunded Commitments	73	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	113	123
Unfunded Commitments	42	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	428	312
Unfunded Commitments	219	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	3,869	4,487
Unfunded Commitments	$ 12	31
Hedge fund investments redeemable monthly (as a percent)	22.00%
Hedge fund investments redeemable quarterly (as a percent)	43.00%
Hedge fund investments redeemable semi-annually (as a percent)	12.00%
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	$ 1,128	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	1,233	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	1,011	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	266	416
Unfunded Commitments	8	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	231	197
Unfunded Commitments	$ 4	$ 14

FAIR VALUE MEASUREMENTS (Deta82

FAIR VALUE MEASUREMENTS (Details - Gains or losses recorded related to the eligible instruments for which we elected the fair value option) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value option credit risk gains (losses) on liabilities	$ 4	$ 22	$ (4)
Fair Value Option
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value Options Changes in Fair Value Gain (loss)	2,105	466	613
Fair Value Option | Long-term debt
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value option credit risk gains (losses) on liabilities	(49)	(9)	(38)
Fair Value Option | Other liabilities
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value option credit risk gains (losses) on liabilities	(2)	0	(3)
Fair Value Option | Bond and equity securities
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value Options Changes in Fair Value Gain (loss)	1,646	447	616
Fair Value Option | Alternative investments
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value Options Changes in Fair Value Gain (loss)	509	28	36
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	$ 2

FAIR VALUE MEASUREMENTS (Deta83

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	12 Months Ended
	Dec. 31, 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	37,345	33,537
Long-term debt, Fair Value	2,888	3,428
Long-term debt, Outstanding Principal Amount	31,640	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	2,888	3,428
Long-term debt, Outstanding Principal Amount	2,280	2,628
Long-term debt, Difference	$ 608	$ 800
Disclosure level, past due mortgage or other loans receivable for which the fair value option was elected, number of days past due threshold	0 days

FAIR VALUE MEASUREMENTS (Deta84

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) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Fair Value Assets Impairment Charges Measured on Nonrecurring Basis [Domain]
FAIR VALUE, ASSETS MEASUREMENTS ON A NON-RECURRING BASIS
Impairment Charges	$ 594	$ 492	$ 809
Fair value on a non-recurring basis | Other investments
FAIR VALUE, ASSETS MEASUREMENTS ON A NON-RECURRING BASIS
Impairment Charges	77	76	189
Fair value on a non-recurring basis | Investments in life settlements
FAIR VALUE, ASSETS MEASUREMENTS ON A NON-RECURRING BASIS
Impairment Charges	360	397	540
Fair value on a non-recurring basis | Other assets
FAIR VALUE, ASSETS MEASUREMENTS ON A NON-RECURRING BASIS
Impairment Charges	157	19	$ 80
Fair value on a non-recurring basis | Other assets | Divested Businesses
FAIR VALUE, ASSETS MEASUREMENTS ON A NON-RECURRING BASIS
Impairment Charges	35
Fair value on a non-recurring basis | Level 1 | Other investments
FAIR VALUE, ASSETS MEASUREMENTS ON A NON-RECURRING BASIS
Assets at Fair Value, Non-Recurring Basis	0	0
Fair value on a non-recurring basis | Level 1 | Investments in life settlements
FAIR VALUE, ASSETS MEASUREMENTS ON A NON-RECURRING BASIS
Assets at Fair Value, Non-Recurring Basis	0	0
Fair value on a non-recurring basis | Level 1 | Other assets
FAIR VALUE, ASSETS MEASUREMENTS ON A NON-RECURRING BASIS
Assets at Fair Value, Non-Recurring Basis	0	0
Fair value on a non-recurring basis | Level 2 | Other investments
FAIR VALUE, ASSETS MEASUREMENTS ON A NON-RECURRING BASIS
Assets at Fair Value, Non-Recurring Basis	0	0
Fair value on a non-recurring basis | Level 2 | Investments in life settlements
FAIR VALUE, ASSETS MEASUREMENTS ON A NON-RECURRING BASIS
Assets at Fair Value, Non-Recurring Basis	0	0
Fair value on a non-recurring basis | Level 2 | Other assets
FAIR VALUE, ASSETS MEASUREMENTS ON A NON-RECURRING BASIS
Assets at Fair Value, Non-Recurring Basis	0	0
Fair value on a non-recurring basis | 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	55	1,102
Fair value on a non-recurring basis | Level 3 | Other investments
FAIR VALUE, ASSETS MEASUREMENTS ON A NON-RECURRING BASIS
Assets at Fair Value, Non-Recurring Basis	55	364
Fair value on a non-recurring basis | Level 3 | Investments in life settlements
FAIR VALUE, ASSETS MEASUREMENTS ON A NON-RECURRING BASIS
Assets at Fair Value, Non-Recurring Basis	0	736
Fair value on a non-recurring basis | Level 3 | Other assets
FAIR VALUE, ASSETS MEASUREMENTS ON A NON-RECURRING BASIS
Assets at Fair Value, Non-Recurring Basis	0	2
Fair value on a non-recurring basis | 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	55	1,102
Fair value on a non-recurring basis | Total Fair Value | Other investments
FAIR VALUE, ASSETS MEASUREMENTS ON A NON-RECURRING BASIS
Assets at Fair Value, Non-Recurring Basis	55	364
Fair value on a non-recurring basis | Total Fair Value | Investments in life settlements
FAIR VALUE, ASSETS MEASUREMENTS ON A NON-RECURRING BASIS
Assets at Fair Value, Non-Recurring Basis	0	736
Fair value on a non-recurring basis | Total Fair Value | Other assets
FAIR VALUE, ASSETS MEASUREMENTS ON A NON-RECURRING BASIS
Assets at Fair Value, Non-Recurring Basis	$ 0	$ 2

FAIR VALUE MEASUREMENTS (Deta85

FAIR VALUE MEASUREMENTS (Details - Carrying values and estimated fair values of our financial instruments not measured at fair value) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Assets:
Mortgage and other loans receivable	$ 37,023	$ 33,240
Short-term investments	10,386	12,302
Cash	2,362	1,868	$ 1,629	$ 1,758
Liabilities:
Other liabilities	26,050	26,296
Long-term Debt	31,640	30,912
Total Fair Value
Assets:
Mortgage and other loans receivable	37,761	33,736
Other invested assets	596	3,008
Short-term investments	7,771	8,961
Cash	2,362	1,868
Liabilities:
Policyholder contract deposits associated with investment-type contracts	122,196	122,124
Other liabilities	4,494	4,196
Long-term Debt	28,243	26,450
Level 1
Assets:
Mortgage and other loans receivable	0	0
Other invested assets	0	0
Short-term investments	0	0
Cash	2,362	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	117	161
Other invested assets	590	955
Short-term investments	7,771	8,961
Cash	0	0
Liabilities:
Policyholder contract deposits associated with investment-type contracts	387	382
Other liabilities	4,494	4,196
Long-term Debt	23,930	23,117
Level 3
Assets:
Mortgage and other loans receivable	37,644	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	121,809	121,742
Other liabilities	0	0
Long-term Debt	4,313	3,333
Carrying Value
Assets:
Mortgage and other loans receivable	37,018	33,229
Other invested assets	593	3,474
Short-term investments	7,771	8,961
Cash	2,362	1,868
Liabilities:
Policyholder contract deposits associated with investment-type contracts	114,326	112,705
Other liabilities	4,494	4,196
Long-term Debt	$ 28,752	$ 27,484

INVESTMENTS (Details - Amortize

INVESTMENTS (Details - Amortized cost or cost and fair value of Available for sale securities) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Available for sale securities, Amortized Cost, Total	$ 226,766	$ 233,938
Available for sale securities, Gross Unrealized Gains	15,315	12,817
Available for sale securities, Gross Unrealized Losses	(1,381)	(3,140)
Available-for-sale Securities	240,700	243,615
AOCI- OTTI
Schedule of Available-for-sale Securities [Line Items]
Total, Other-Than-Temporary Impairments in AOCI	1,656	1,265
Bonds available for sale
Schedule of Available-for-sale Securities [Line Items]
Available for sale securities, Amortized Cost, Total	225,461	232,241
Available for sale securities, Gross Unrealized Gains	14,891	12,421
Available for sale securities, Gross Unrealized Losses	(1,360)	(3,125)
Available-for-sale Securities	238,992	241,537
Other details of available for sale securities
Available for sale securities not rated or rated below investment grade	31,500	33,600
Bonds available for sale | AOCI- OTTI
Schedule of Available-for-sale Securities [Line Items]
Total, Other-Than-Temporary Impairments in AOCI	1,656	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	2,532	1,870
Available for sale securities, Gross Unrealized Gains	160	148
Available for sale securities, Gross Unrealized Losses	(36)	(26)
Available-for-sale Securities	2,656	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	17,377	24,025
Available for sale securities, Gross Unrealized Gains	1,297	1,001
Available for sale securities, Gross Unrealized Losses	(30)	(254)
Available-for-sale Securities	18,644	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. governments
Schedule of Available-for-sale Securities [Line Items]
Available for sale securities, Amortized Cost, Total	15,059	14,018
Available for sale securities, Gross Unrealized Gains	717	773
Available for sale securities, Gross Unrealized Losses	(117)	(256)
Available-for-sale Securities	15,659	14,535
Bonds available for sale | Non-U.S. governments | 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	126,310	126,648
Available for sale securities, Gross Unrealized Gains	8,666	7,271
Available for sale securities, Gross Unrealized Losses	(800)	(1,739)
Available-for-sale Securities	134,176	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	17	(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	64,183	65,680
Available for sale securities, Gross Unrealized Gains	4,051	3,228
Available for sale securities, Gross Unrealized Losses	(377)	(850)
Available-for-sale Securities	67,857	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	1,639	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	34,181	35,311
Available for sale securities, Gross Unrealized Gains	3,273	2,541
Available for sale securities, Gross Unrealized Losses	(220)	(478)
Available-for-sale Securities	37,234	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	1,568	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	13,538	14,054
Available for sale securities, Gross Unrealized Gains	408	409
Available for sale securities, Gross Unrealized Losses	(105)	(192)
Available-for-sale Securities	13,841	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	42	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	16,464	16,315
Available for sale securities, Gross Unrealized Gains	370	278
Available for sale securities, Gross Unrealized Losses	(52)	(180)
Available-for-sale Securities	16,782	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	1,305	1,697
Available for sale securities, Gross Unrealized Gains	424	396
Available for sale securities, Gross Unrealized Losses	(21)	(15)
Available-for-sale Securities	1,708	2,078
Equity securities available for sale | Common Stock
Schedule of Available-for-sale Securities [Line Items]
Available for sale securities, Amortized Cost, Total	703	708
Available for sale securities, Gross Unrealized Gains	379	369
Available for sale securities, Gross Unrealized Losses	(21)	(12)
Available-for-sale Securities	1,061	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	29	4
Available for sale securities, Gross Unrealized Losses	0	0
Available-for-sale Securities	533	752
Equity securities available for sale | Mutual Funds
Schedule of Available-for-sale Securities [Line Items]
Available for sale securities, Amortized Cost, Total	98	241
Available for sale securities, Gross Unrealized Gains	16	23
Available for sale securities, Gross Unrealized Losses	0	(3)
Available-for-sale Securities	$ 114	$ 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	Dec. 31, 2017USD ($)item	Dec. 31, 2016USD ($)
Fair value and gross unrealized losses on AIG's available for sale securities
Fair Value, Less than 12 Months	$ 31,657	$ 57,397
Gross Unrealized Losses, Less than 12 Months	726	1,943
Fair Value, 12 Months or More	15,127	13,285
Gross Unrealized Losses, 12 Months or More	655	1,197
Fair Value, Total	46,784	70,682
Gross Unrealized Losses, Total	1,381	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	31,520	57,208
Gross Unrealized Losses, Less than 12 Months	705	1,928
Fair Value, 12 Months or More	15,127	13,285
Gross Unrealized Losses, 12 Months or More	655	1,197
Fair Value, Total	46,647	70,493
Gross Unrealized Losses, Total	$ 1,360	3,125
Number of securities in an unrealized loss position | item	7,448
Number of individual securities in continuous unrealized loss position for longer than twelve months | item	1,920
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	$ 770	720
Gross Unrealized Losses, Less than 12 Months	23	26
Fair Value, 12 Months or More	332	0
Gross Unrealized Losses, 12 Months or More	13	0
Fair Value, Total	1,102	720
Gross Unrealized Losses, Total	36	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	586	5,814
Gross Unrealized Losses, Less than 12 Months	6	221
Fair Value, 12 Months or More	646	231
Gross Unrealized Losses, 12 Months or More	24	33
Fair Value, Total	1,232	6,045
Gross Unrealized Losses, Total	30	254
Bonds available for sale | Non-U.S. governments
Fair value and gross unrealized losses on AIG's available for sale securities
Fair Value, Less than 12 Months	3,511	3,865
Gross Unrealized Losses, Less than 12 Months	54	162
Fair Value, 12 Months or More	857	489
Gross Unrealized Losses, 12 Months or More	63	94
Fair Value, Total	4,368	4,354
Gross Unrealized Losses, Total	117	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	15,578	28,184
Gross Unrealized Losses, Less than 12 Months	453	1,013
Fair Value, 12 Months or More	7,291	6,080
Gross Unrealized Losses, 12 Months or More	347	726
Fair Value, Total	22,869	34,264
Gross Unrealized Losses, Total	800	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	6,212	8,794
Gross Unrealized Losses, Less than 12 Months	99	252
Fair Value, 12 Months or More	3,790	4,045
Gross Unrealized Losses, 12 Months or More	121	226
Fair Value, Total	10,002	12,839
Gross Unrealized Losses, Total	220	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	3,408	4,469
Gross Unrealized Losses, Less than 12 Months	46	152
Fair Value, 12 Months or More	1,389	479
Gross Unrealized Losses, 12 Months or More	59	40
Fair Value, Total	4,797	4,948
Gross Unrealized Losses, Total	105	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	1,455	5,362
Gross Unrealized Losses, Less than 12 Months	24	102
Fair Value, 12 Months or More	822	1,961
Gross Unrealized Losses, 12 Months or More	28	78
Fair Value, Total	2,277	7,323
Gross Unrealized Losses, Total	52	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	137	189
Gross Unrealized Losses, Less than 12 Months	21	15
Fair Value, 12 Months or More	0	0
Gross Unrealized Losses, 12 Months or More	0	0
Fair Value, Total	137	189
Gross Unrealized Losses, Total	$ 21	15
Number of securities in an unrealized loss position | item	74
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	$ 136	125
Gross Unrealized Losses, Less than 12 Months	21	12
Fair Value, 12 Months or More	0	0
Gross Unrealized Losses, 12 Months or More	0	0
Fair Value, Total	136	125
Gross Unrealized Losses, Total	21	12
Equity securities available for sale | Preferred Stock
Fair value and gross unrealized losses on AIG's available for sale securities
Fair Value, Less than 12 Months	0	0
Gross Unrealized Losses, Less than 12 Months	0	0
Fair Value, 12 Months or More	0	0
Gross Unrealized Losses, 12 Months or More	0	0
Fair Value, Total	0	0
Gross Unrealized Losses, Total	0	0
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	1	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	1	64
Gross Unrealized Losses, Total	$ 0	$ 3

INVESTMENTS (Details - Amorti88

INVESTMENTS (Details - Amortized cost and fair value of fixed maturity securities available for sale by contractual maturity) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Available for sale securities, Amortized Cost, Total	$ 226,766	$ 233,938
Fixed Maturity Securities Available for Sale, Fair Value, Total	238,992	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	1,526	604
Due after one year through five years, Amortized Cost	7,764	6,002
Due after five years through ten years, Amortized Cost	11,559	16,045
Due after ten years, Amortized Cost	9,705	25,007
Mortgage-backed, asset-backed and collateralized, Amortized Cost	17,453	25,960
Available for sale securities, Amortized Cost, Total	48,007	73,618
Due in one year or less, Fair Value	1,515	581
Due after one year through five years, Fair Value	7,571	5,841
Due after five years through ten years, Fair Value	11,143	15,332
Due after ten years, Fair Value	9,342	23,629
Mortgage-backed, asset-backed and collateralized, Fair Value	17,076	25,110
Fixed Maturity Securities Available for Sale, Fair Value, Total	46,647	70,493
Bonds available for sale
Schedule of Available-for-sale Securities [Line Items]
Due in one year or less, Amortized Cost	7,932	7,796
Due after one year through five years, Amortized Cost	47,179	49,200
Due after five years through ten years, Amortized Cost	42,617	43,308
Due after ten years, Amortized Cost	63,550	66,257
Mortgage-backed, asset-backed and collateralized, Amortized Cost	64,183	65,680
Available for sale securities, Amortized Cost, Total	225,461	232,241
Due in one year or less, Fair Value	8,071	7,994
Due after one year through five years, Fair Value	49,093	51,958
Due after five years through ten years, Fair Value	43,944	44,226
Due after ten years, Fair Value	70,027	69,301
Mortgage-backed, asset-backed and collateralized, Fair Value	67,857	68,058
Fixed Maturity Securities Available for Sale, Fair Value, Total	$ 238,992	$ 241,537

INVESTMENTS (Details - Realized

INVESTMENTS (Details - Realized gains and gross realized losses from sales or maturities) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Gross Realized Gains	$ 832	$ 1,873	$ 1,577
Gross Realized Losses	319	815	451
Aggregate fair value of available for sale securities sold	31,300	30,200	28,700
Net realized capital gains (losses)	500	1,100	1,100
Fixed maturity securities
Schedule of Available-for-sale Securities [Line Items]
Gross Realized Gains	725	801	517
Gross Realized Losses	300	800	423
Equity securities available for sale
Schedule of Available-for-sale Securities [Line Items]
Gross Realized Gains	107	1,072	1,060
Gross Realized Losses	$ 19	$ 15	$ 28

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	Dec. 31, 2017	Dec. 31, 2016
Schedule of Trading Securities and Other Trading Assets [Line Items]
Other Securities, Fair Value	$ 13,361	$ 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	$ 251	$ 421
Fixed maturity securities
Schedule of Trading Securities and Other Trading Assets [Line Items]
Other Securities, Fair Value	$ 12,772	$ 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	$ 2,802	$ 2,939
Other Securities, Percent of Total	21.00%	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. governments
Schedule of Trading Securities and Other Trading Assets [Line Items]
Other Securities, Fair Value	$ 57	$ 51
Other Securities, Percent of Total	1.00%	0.00%
Fixed maturity securities | Corporate debt
Schedule of Trading Securities and Other Trading Assets [Line Items]
Other Securities, Fair Value	$ 1,909	$ 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	$ 8,004	$ 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	$ 1,885	$ 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	$ 559	$ 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	$ 5,560	$ 6,608
Other Securities, Percent of Total	42.00%	47.00%
Fixed maturity securities | Other
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%
Equity securities
Schedule of Trading Securities and Other Trading Assets [Line Items]
Other Securities, Fair Value	$ 589	$ 482
Other Securities, Percent of Total	4.00%	3.00%

INVESTMENTS (Details - Carrying

INVESTMENTS (Details - Carrying values of other invested assets) - USD ($) $ in Millions	12 Months Ended		72 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2024	Dec. 31, 2017	Dec. 31, 2016
Investment [Line Items]
Other invested assets				$ 20,822	$ 24,538
Other invested assets, gross unrealized losses				45	32
Hedge Funds
Investment [Line Items]
Hedge Fund Fair Value Redemption, Additional Percentage	15.00%	72.00%	7.00%
Alternative investments
Investment [Line Items]
Other invested assets				11,308	13,379
Alternative investments | Hedge Funds
Investment [Line Items]
Other invested assets				5,800	7,200
Alternative investments | Direct private equity
Investment [Line Items]
Other invested assets				5,000	5,500
Alternative investments | Affordable Housing Partnerships
Investment [Line Items]
Other invested assets				543	625
Mutual Funds
Investment [Line Items]
Other invested assets					0
Investment real estate
Investment [Line Items]
Other invested assets				8,258	6,900
Net of accumulated depreciation on investment in real estate				515	451
Aircraft asset investments
Investment [Line Items]
Other invested assets				206	321
Investment In Aer Cap [Member]
Investment [Line Items]
Other invested assets				0	0
Investments in life settlements
Investment [Line Items]
Other invested assets				0	2,516
All other investments
Investment [Line Items]
Other invested assets				$ 1,050	$ 1,422

INVESTMENTS (Details - Equity m

INVESTMENTS (Details - Equity method investments)	12 Months Ended
	Dec. 31, 2017
Minimum
Other Invested Assets - Equity Method Investments
Investee's reporting period prior to the end of entity's reporting period	1 month
Maximum
Other Invested Assets - Equity Method Investments
Investee's reporting period prior to the end of entity's reporting period	3 months

INVESTMENTS (Details - Summariz

INVESTMENTS (Details - Summarized financial information of equity method investees) - All other equity method investments - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Operating results:
Total revenues	$ 13,066	$ 9,512	$ 22,055
Total expenses	(6,835)	(7,361)	(3,898)
Net income	6,231	2,151	$ 18,157
Balance sheet:
Total assets	132,708	158,306
Total liabilities	(35,585)	(37,336)
Equity method investments, Carrying Value	$ 9,050	$ 10,756

INVESTMENTS (Details - Life set

INVESTMENTS (Details - Life settlements) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
INVESTMENTS
Income recognized on life settlement contracts	$ 266	$ 453	$ 332
Investment in Life Settlements contracts	0
Anticipated life insurance premiums
2,016	0
2,017	0
2,018	0
2,019	0
2,020	$ 0

INVESTMENTS (Details - Componen

INVESTMENTS (Details - Components of Net investment income) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Investment [Line Items]
Total investment income	$ 14,699	$ 14,518	$ 14,581
Investment expenses	520	453	528
Net investment income	14,179	14,065	14,053
Fixed maturity securities, including short-term investments
Investment [Line Items]
Total investment income	10,435	11,314	11,331
Other fixed maturity securities
Investment [Line Items]
Total investment income	660	331	1
Equity securities
Investment [Line Items]
Total investment income	34	(5)	99
Interest on mortgage and other loans
Investment [Line Items]
Total investment income	1,661	1,526	1,417
Alternative investments
Investment [Line Items]
Total investment income	1,475	693	1,120
Real estate
Investment [Line Items]
Total investment income	144	150	181
Other investments
Investment [Line Items]
Total investment income	$ 290	$ 509	$ 432

INVESTMENTS (Details - Compon96

INVESTMENTS (Details - Components of Net realized capital gains (losses)) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Other-than-temporary impairments:
Severity	$ (2)	$ (15)	$ (13)
Change in intent	(9)	(46)	(233)
Foreign currency declines	(11)	(18)	(57)
Issuer-specific credit events	(234)	(433)	(348)
Adverse projected cash flows	(4)	(47)	(20)
Provision for loan losses	(50)	10	(58)
Foreign exchange transactions	489	(1,226)	416
All other derivatives and hedge accounting	(368)	299	78
Impairments on investments in life settlements	(360)	(397)	(540)
Other	30	114	105
Total net realized capital gains (losses)	(1,380)	(1,944)	776
Net realized capital gains (losses)	(1,380)	(1,944)	776
Prudential Financial
Other-than-temporary impairments:
Total net realized capital gains (losses)		107	428
Net realized capital gains (losses)		107	428
SpringLeaf Holdings
Other-than-temporary impairments:
Total net realized capital gains (losses)			357
Net realized capital gains (losses)			357
AerCap
Other-than-temporary impairments:
Total net realized capital gains (losses)			(463)
Net realized capital gains (losses)			(463)
Investments in life settlements
Other-than-temporary impairments:
Total net realized capital gains (losses)		(253)
Net realized capital gains (losses)		(253)
Fixed maturity securities
Gain (Loss) on Investments [Line Items]
Sales of securities	425	1	94
Equity securities
Gain (Loss) on Investments [Line Items]
Sales of securities	$ 88	$ 1,057	$ 1,032

INVESTMENTS (Details - Increase

INVESTMENTS (Details - Increase (decrease) in unrealized appreciation (depreciation)) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Increase (decrease) in unrealized appreciation (depreciation) of investments	$ 4,062	$ 605
Fixed maturity securities
Schedule of Available-for-sale Securities [Line Items]
Increase (decrease) in unrealized appreciation (depreciation) of investments	4,235	2,019
Equity securities
Schedule of Available-for-sale Securities [Line Items]
Increase (decrease) in unrealized appreciation (depreciation) of investments	22	(1,155)
Other investments
Schedule of Available-for-sale Securities [Line Items]
Increase (decrease) in unrealized appreciation (depreciation) of investments	$ (195)	$ (259)

INVESTMENTS (Details - Rollforw

INVESTMENTS (Details - Rollforward of the cumulative credit losses in other-than-temporary impairments recognized in earnings) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Fixed maturity securities
Other Than Temporary Impairment Credit Losses Recognized in Earnings
Balance, beginning of year	$ 1,098	$ 1,747	$ 2,659
Increases due to:
Credit impairments on new securities subject to impairment losses	122	204	111
Additional credit impairments on previously impaired securities	74	212	109
Reductions due to:
Credit impaired securities fully disposed for which there was no prior intent or requirement to sell	(99)	(296)	(399)
Credit impaired securities for which there is a current intent or anticipated requirement to sell	0	0	2
Accretion on securities previously impaired due to credit	(669)	(767)	(735)
Divested Businesses	0	(2)
Other	0	0	0
Balance, end of year	$ 526	$ 1,098	$ 1,747
Equity securities
Reductions due to:
Percent discount to cost for purposes of evaluating other-than-temporary impairment	25.00%
Criteria for considering impairment, period over which securities have been in a continuous decline in a value below cost	12 months
Rapid and severe percent discount to cost for purposes of evaluating other-than-temporary impairment	50.00%
Criteria for considering impairment, period of time traded at discount	9 months

INVESTMENTS (Details - Purchase

INVESTMENTS (Details - Purchased Credit Impaired (PCI) Securities) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	$ 225,461	$ 232,241
Fair value	240,700	243,615
Purchased Credit Impaired (PCI) Securities
Schedule of Available-for-sale Securities [Line Items]
Contractually required payments (principal and interest)	36,642
Cash flows expected to be collected	30,040
Recorded investment in acquired securities	20,267
Outstanding principal balance	14,718	16,728
Amortized cost	10,492	11,987
Fair value	12,293	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	7,498	6,846
Newly purchased PCI securities	190	707
Disposals	(18)	0
Accretion	(797)	(842)
Effect of changes in interest rate indices	(34)	39
Net reclassification from non-accretable difference, including effects of prepayments	662	748
Balance, end of period	$ 7,501	$ 7,498

INVESTMENTS (Details - Pledged

INVESTMENTS (Details - Pledged Investments) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Investment [Line Items]
Fair value of securities collateral pledged	$ 2,227	$ 1,434
Fair value of amount sold or repledged	46	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		523
Bonds available for sale and Short-term investments held in escrow	255
FHLBs
Investment [Line Items]
Fair value of fixed maturities securities available for sale	2,700	3,400
Amount owned by subsidiaries	93	114
Residential loans pledged as collateral	471
Secured financing
Investment [Line Items]
Fair value of fixed maturities securities available for sale	2,911	2,389
Fair value of other bond securities	1,585	1,799
Amounts Borrowed Under Repurchase and Securities Lending Agreements	4,500	4,200
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	1,581
Securities Lending Agreements, Fair Value of Collateral	2,915	2,389
Amounts Loaned under Reverse Repurchase Agreements	2,200	1,400
Secured financing | Obligations of states, municipalities and political subdivisions
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral		1,799
Secured financing | Overnight and continuous
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	44
Secured financing | Overnight and continuous | Obligations of states, municipalities and political subdivisions
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral		0
Secured financing | Up to 30 Days
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	407
Securities Lending Agreements, Fair Value of Collateral	588
Secured financing | Up to 30 Days | Obligations of states, municipalities and political subdivisions
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral		163
Secured financing | 31 to 90 Days
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	1,130
Securities Lending Agreements, Fair Value of Collateral	2,327	1,577
Secured financing | 31 to 90 Days | Obligations of states, municipalities and political subdivisions
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral		860
Secured financing | 91 to 364 Days
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	0
Securities Lending Agreements, Fair Value of Collateral	0	0
Secured financing | 91 to 364 Days | Obligations of states, municipalities and political subdivisions
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral		776
Secured financing | 365 Days or Greater
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	0
Secured financing | 365 Days or Greater | Obligations of states, municipalities and political subdivisions
Investment [Line Items]
Securities Sold under Agreements to Repurchase, 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	0
Secured financing | Bonds available for sale | Non-U.S. governments
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	26
Securities Lending Agreements, Fair Value of Collateral	18	50
Secured financing | Bonds available for sale | Corporate debt
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	48
Securities Lending Agreements, Fair Value of Collateral	2,819	2,257
Secured financing | Bonds available for sale | Residential mortgage-backed securities (RMBS)
Investment [Line Items]
Securities Lending Agreements, Fair Value of Collateral		61
Secured financing | Bonds available for sale | Commercial mortgage-backed securities (CMBS)
Investment [Line Items]
Securities Lending Agreements, Fair Value of Collateral	0
Secured financing | Bonds available for sale | Overnight and continuous | Non-U.S. governments
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	0
Secured financing | Bonds available for sale | Overnight and continuous | Corporate debt
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	0
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	0
Secured financing | Bonds available for sale | Up to 30 Days | Non-U.S. governments
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	7
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	13
Securities Lending Agreements, Fair Value of Collateral	588
Secured financing | Bonds available for sale | 31 to 90 Days | Non-U.S. governments
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	19
Securities Lending Agreements, Fair Value of Collateral	18	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	35
Securities Lending Agreements, Fair Value of Collateral	2,231	1,466
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	0
Secured financing | Bonds available for sale | 91 to 364 Days | Non-U.S. governments
Investment [Line Items]
Securities Sold under Agreements to Repurchase, 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	0
Securities Lending Agreements, Fair Value of Collateral	0
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
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 | Non-U.S. governments
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	0
Secured financing | Bonds available for sale | 365 Days or Greater | Corporate debt
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	0
Secured financing | Other bond securities | Obligations of states, municipalities and political subdivisions
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	44
Secured financing | Other bond securities | Non-U.S. governments
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	11	51
Secured financing | Other bond securities | Corporate debt
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	1,452	1,748
Secured financing | Other bond securities | Overnight and continuous | Obligations of states, municipalities and political subdivisions
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	44
Secured financing | Other bond securities | Overnight and continuous | Non-U.S. governments
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	0	0
Secured financing | Other bond securities | Overnight and continuous | Corporate debt
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	0	0
Secured financing | Other bond securities | Up to 30 Days | Obligations of states, municipalities and political subdivisions
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	0
Secured financing | Other bond securities | Up to 30 Days | Non-U.S. governments
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	0	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	387	163
Secured financing | Other bond securities | 31 to 90 Days | Obligations of states, municipalities and political subdivisions
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	0
Secured financing | Other bond securities | 31 to 90 Days | Non-U.S. governments
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	11	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	1,065	860
Secured financing | Other bond securities | 91 to 364 Days | Obligations of states, municipalities and political subdivisions
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	0
Secured financing | Other bond securities | 91 to 364 Days | Non-U.S. governments
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	0	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	0	725
Secured financing | Other bond securities | 365 Days or Greater | Obligations of states, municipalities and political subdivisions
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	0
Secured financing | Other bond securities | 365 Days or Greater | Non-U.S. governments
Investment [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	0	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	0
GIAs
Investment [Line Items]
Fair value of other bond securities	$ 2,000	$ 2,200

LENDING ACTIVITIES (Details - C

LENDING ACTIVITIES (Details - Composition of Mortgages and other loans receivable) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total mortgage and other loans receivable	$ 37,345	$ 33,537
Allowance for losses	(322)	(297)	$ (308)	$ (271)
Mortgage and other loans receivable, net	37,023	33,240
Commercial mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total mortgage and other loans receivable	28,596	25,042
Allowance for losses	$ (247)	$ (194)	$ (171)	$ (159)
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	23.00%	24.00%
Residential Mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total mortgage and other loans receivable	$ 5,398	$ 3,828
Life insurance policy loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total mortgage and other loans receivable	2,295	2,367
Commercial loans, other loans and notes receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total mortgage and other loans receivable	$ 1,056	$ 2,300

LENDING ACTIVITIES (Details 102

LENDING ACTIVITIES (Details - Credit quality indicators for commercial mortgage loans) $ in Millions	12 Months Ended
	Dec. 31, 2017USD ($)loan	Dec. 31, 2016USD ($)loan	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Commercial Mortgage Recorded Investment [Line Items]
Mortgage and other loans receivable, net	$ 37,023	$ 33,240
Allowance for credit losses	322	297	$ 308	$ 271
Total mortgage and other loans receivable	37,345	33,537
Apartments
Commercial Mortgage Recorded Investment [Line Items]
In good standing	8,163	6,005
Restructured	0	0
90 days or less delinquent	0	0
Greater than 90 days delinquent or in process of foreclosure	0	0
Mortgage and other loans receivable, net	8,163	6,005
Allowance for credit losses, Specific	0	0
Allowance for credit losses, General	72	35
Allowance for credit losses	72	35
Offices
Commercial Mortgage Recorded Investment [Line Items]
In good standing	8,585	7,830
Restructured	115	134
90 days or less delinquent	0	0
Greater than 90 days delinquent or in process of foreclosure	0	0
Mortgage and other loans receivable, net	8,700	7,964
Allowance for credit losses, Specific	3	3
Allowance for credit losses, General	94	72
Allowance for credit losses	97	75
Retail
Commercial Mortgage Recorded Investment [Line Items]
In good standing	5,338	5,179
Restructured	23	18
90 days or less delinquent	0	0
Greater than 90 days delinquent or in process of foreclosure	0	0
Mortgage and other loans receivable, net	5,361	5,197
Allowance for credit losses, Specific	1	1
Allowance for credit losses, General	37	41
Allowance for credit losses	38	42
Industrial
Commercial Mortgage Recorded Investment [Line Items]
In good standing	2,023	1,898
Restructured	0	0
90 days or less delinquent	0	0
Greater than 90 days delinquent or in process of foreclosure	0	0
Mortgage and other loans receivable, net	2,023	1,898
Allowance for credit losses, Specific	0	6
Allowance for credit losses, General	6	7
Allowance for credit losses	6	13
Hotel
Commercial Mortgage Recorded Investment [Line Items]
In good standing	2,373	2,373
Restructured	16	16
90 days or less delinquent	0	0
Greater than 90 days delinquent or in process of foreclosure	0	0
Mortgage and other loans receivable, net	2,389	2,389
Allowance for credit losses, Specific	1	1
Allowance for credit losses, General	15	13
Allowance for credit losses	16	14
Others
Commercial Mortgage Recorded Investment [Line Items]
In good standing	1,960	1,589
Restructured	0	0
90 days or less delinquent	0	0
Greater than 90 days delinquent or in process of foreclosure	0	0
Mortgage and other loans receivable, net	1,960	1,589
Allowance for credit losses, Specific	0	0
Allowance for credit losses, General	18	15
Allowance for credit losses	$ 18	$ 15
Commercial mortgages
Commercial Mortgage Recorded Investment [Line Items]
Number of loans in good standing | loan	778	784
Number of loans restructured | loan	5	4
Number of loans 90 days or less delinquent | loan	0	0
Number of loans greater than 90 days delinquent or in process of foreclosure | loan	0	0
Number of Loans | loan	783	788
In good standing	$ 28,442	$ 24,874
Restructured	154	168
90 days or less delinquent	0	0
Greater than 90 days delinquent or in process of foreclosure	0	0
Mortgage and other loans receivable, net	28,596	25,042
Allowance for credit losses, Specific	5	11
Allowance for credit losses, General	242	183
Allowance for credit losses	$ 247	$ 194
Percentage of loans that are current as to payments of principal and interest	99.00%	99.00%
Percentage restructured	1.00%	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 valuation allowance, Specific	0.00%	0.00%
Percentage of loans with allowance for losses	1.00%	1.00%
Percentage of current commercial mortgages held	100.00%
Total mortgage and other loans receivable	$ 28,596	$ 25,042
Commercial mortgages | Greater than 1.2x
Commercial Mortgage Recorded Investment [Line Items]
Total mortgage and other loans receivable	26,023	21,661
Commercial mortgages | 1.00X - 1.20X
Commercial Mortgage Recorded Investment [Line Items]
Total mortgage and other loans receivable	1,964	2,835
Commercial mortgages | Less than 1.00X
Commercial Mortgage Recorded Investment [Line Items]
Total mortgage and other loans receivable	609	546
Commercial mortgages | Less than 65%
Commercial Mortgage Recorded Investment [Line Items]
Total mortgage and other loans receivable	19,876	15,924
Commercial mortgages | Less than 65% | Greater than 1.2x
Commercial Mortgage Recorded Investment [Line Items]
Total mortgage and other loans receivable	18,000	13,998
Commercial mortgages | Less than 65% | 1.00X - 1.20X
Commercial Mortgage Recorded Investment [Line Items]
Total mortgage and other loans receivable	1,525	1,694
Commercial mortgages | Less than 65% | Less than 1.00X
Commercial Mortgage Recorded Investment [Line Items]
Total mortgage and other loans receivable	351	232
Commercial mortgages | 65% to 75%
Commercial Mortgage Recorded Investment [Line Items]
Total mortgage and other loans receivable	6,415	6,583
Commercial mortgages | 65% to 75% | Greater than 1.2x
Commercial Mortgage Recorded Investment [Line Items]
Total mortgage and other loans receivable	6,038	5,946
Commercial mortgages | 65% to 75% | 1.00X - 1.20X
Commercial Mortgage Recorded Investment [Line Items]
Total mortgage and other loans receivable	193	575
Commercial mortgages | 65% to 75% | Less than 1.00X
Commercial Mortgage Recorded Investment [Line Items]
Total mortgage and other loans receivable	184	62
Commercial mortgages | 76% to 80%
Commercial Mortgage Recorded Investment [Line Items]
Total mortgage and other loans receivable	609	1,467
Commercial mortgages | 76% to 80% | Greater than 1.2x
Commercial Mortgage Recorded Investment [Line Items]
Total mortgage and other loans receivable	569	1,246
Commercial mortgages | 76% to 80% | 1.00X - 1.20X
Commercial Mortgage Recorded Investment [Line Items]
Total mortgage and other loans receivable	40	174
Commercial mortgages | 76% to 80% | Less than 1.00X
Commercial Mortgage Recorded Investment [Line Items]
Total mortgage and other loans receivable	0	47
Commercial mortgages | Greater than 80%
Commercial Mortgage Recorded Investment [Line Items]
Total mortgage and other loans receivable	1,696	1,068
Commercial mortgages | Greater than 80% | Greater than 1.2x
Commercial Mortgage Recorded Investment [Line Items]
Total mortgage and other loans receivable	1,416	471
Commercial mortgages | Greater than 80% | 1.00X - 1.20X
Commercial Mortgage Recorded Investment [Line Items]
Total mortgage and other loans receivable	206	392
Commercial mortgages | Greater than 80% | Less than 1.00X
Commercial Mortgage Recorded Investment [Line Items]
Total mortgage and other loans receivable	$ 74	$ 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	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Changes in the allowance for losses on Mortgage and other loans receivable
Allowance, beginning of year	$ 297	$ 308	$ 271
Loans charged off	(25)	(15)	(29)
Recoveries of loans previously charged off	1	11	5
Net charge-offs	(24)	(4)	(24)
Provision for loan losses	49	(7)	58
Other	0	0	3
Activity of discontinued operations	0	0	0
Allowance, end of period	322	297	308
Loans modified in a troubled debt restructuring	237	0
Commercial mortgages
Changes in the allowance for losses on Mortgage and other loans receivable
Allowance, beginning of year	194	171	159
Loans charged off	(22)	(13)	(23)
Recoveries of loans previously charged off	0	11	4
Net charge-offs	(22)	(2)	(19)
Provision for loan losses	75	25	31
Other	0	0	0
Activity of discontinued operations	0	0	0
Allowance, end of period	247	194	171
Allowance related to individually assessed credit losses	5	11	24
Commercial mortgage loans	82	280	507
Other Loans
Changes in the allowance for losses on Mortgage and other loans receivable
Allowance, beginning of year	103	137	112
Loans charged off	(3)	(2)	(6)
Recoveries of loans previously charged off	1	0	1
Net charge-offs	(2)	(2)	(5)
Provision for loan losses	(26)	(32)	27
Other	0	0	3
Activity of discontinued operations	0	0	0
Allowance, end of period	$ 75	$ 103	$ 137

REINSURANCE (Details - Suppleme

REINSURANCE (Details - Supplemental information for loss and benefit reserves, gross and net of ceded reinsurance) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Effects of Reinsurance [Line Items]
Allowance for doubtful accounts on reinsurance assets	$ 187	$ 207	$ 0
Supplemental information for loss and benefit reserves
Liability for unpaid claims and claims adjustment expense, As Reported	(78,393)	(77,077)	(74,942)	$ (77,260)
Liability for unpaid claims and claims adjustment expense, Net of Reinsurance	(51,685)	(61,545)	$ (60,603)	$ (61,612)
Future policy benefits for life and accident and health insurance contracts, as reported	(45,432)	(42,204)
Future policy benefits for life and accident and health insurance contracts, Net of Reinsurance	(44,457)	(41,140)
Reserve for unearned premiums, As Reported	(19,030)	(19,634)
Reserve for unearned premiums, Net of Reinsurance	(15,890)	(16,280)
Reinsurance assets	$ 30,823	$ 19,950

REINSURANCE (Details - Short-Du

REINSURANCE (Details - Short-Duration Reinsurance) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Premiums earned:
Net	$ 31,374	$ 34,393	$ 36,655
Short-duration insurance
Premiums Written
Direct	30,205	33,970	37,698
Assumed	3,084	2,824	2,972
Ceded	(7,533)	(7,561)	(7,604)
Net Amount	25,756	29,233	33,066
Premiums earned:
Direct	30,904	34,869	37,105
Assumed	3,373	2,962	2,659
Ceded	(7,902)	(7,284)	(7,593)
Net	26,375	30,547	32,171
Reinsurance recoveries, which reduced policyholder benefits and claims incurred	1,500	2,100	4,100
Ceded loss reserves under retroactive agreements	13,400	1,700
Deferred Gain (Loss) Retroactive Reinsurance	1,600	384
Effect on income from amortization of the deferred gain	$ 316	$ 30	$ 8
Short-duration insurance | NICO
Premiums earned:
Transfer of reserve, percent	80.00%
Ceded losses paid, percent	80.00%
Ceded losses paid aggregate limit, net	$ 20,000
Covered losses ceded	13,100
Unexpired Limit	6,900
Total consideration paid, including interest	10,200
Short-duration insurance | NICO | Maximum
Premiums earned:
Ceded losses paid in excess, net	25,000
Ceded losses paid aggregate limit, net	$ 25,000

REINSURANCE (Details - Long-Dur

REINSURANCE (Details - Long-Duration Reinsurance) $ in Millions	12 Months Ended
	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Jul. 01, 2016USD ($)	Feb. 07, 2014USD ($)item
Life insurance ratios
Assumed insurance as a percent of gross premiums	1.80%
Letters of credit
Letter of credit outstanding	$ 139
New letter of credit
Letters of credit
Letters of credit obtained on a bilateral basis related to long-duration intercompany reinsurance transactions					$ 450
Number of new bilateral letters of credit | item					2
Long-duration insurance in force
Premiums earned:
Reinsurance recoveries, which reduced policyholder benefits and claims incurred	1,000	$ 1,000	$ 1,000
Life insurance ratios
Long-duration insurance in force ceded	$ 202,402	$ 174,363	$ 177,025
Assumed insurance as a percentage of gross long-duration insurance in force	0.03%	0.03%	0.04%
Assumed insurance as a percent of gross premiums	5.00%	3.00%	0.10%
Life insurance companies
Premiums earned:
Direct	$ 5,338	$ 4,732	$ 5,240
Ceded	(809)	(789)	(756)
Net	$ 4,529	3,943	$ 4,484
Letters of credit
Ceded Statutory Reserves		$ 14,000		$ 5,000

REINSURANCE (Details - Reinsura

REINSURANCE (Details - Reinsurance Security) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Reinsurance Security
Reinsurance assets	$ 30,823	$ 19,950
Reinsurer Concentration Risk [Member]
Reinsurance Security
Gross reinsurance assets due from reinsurers, percent	5.00%
Secured | Reinsurer Concentration Risk [Member]
Reinsurance Security
Reinsurance assets	$ 18,000	8,200	$ 0
Unsecured | Reinsurer Concentration Risk [Member]
Reinsurance Security
Reinsurance assets	$ 7,600	$ 4,400	$ 0

DEFERRED POLICY ACQUISITION 108

DEFERRED POLICY ACQUISITION COSTS (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Rollforward of deferred policy acquisition costs
Balance, beginning of year	$ 11,042	$ 11,115	$ 9,828
Dispositions	(35)	(110)	0
Acquisition costs deferred	4,820	5,216	5,825
Amortization expense	(4,288)	(4,521)	(5,236)
Change in net unrealized gains (losses) on securities	(505)	(259)	848
Increase (decrease) due to foreign exchange and other	(40)	72	(150)
Reclassified to Assets held for sale	0	(471)	0
Balance, end of year	10,994	11,042	11,115
Value of business acquired
Amortization of VOBA	20	40	64
Unamortized balance of VOBA	$ 381	393	453
Percentage of unamortized balance of VOBA expected to be amortized in the next five years
Year one (as a percent)	8.40%
Year two (as a percent)	7.80%
Year three (as a percent)	7.20%
Year four (as a percent)	6.10%
Year five (as a percent)	5.90%
Years after five year (as a percent)	64.60%
Reportable Segments | Life insurance companies
Rollforward of deferred policy acquisition costs
Increase (decrease) in deferred policy acquisition costs due to net unrealized gains and losses on available for sale securities	$ (1,300)	$ (842)	$ (583)

VARIABLE INTEREST ENTITIES (Det

VARIABLE INTEREST ENTITIES (Details) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Assets:
Bonds available for sale	$ 238,992	$ 241,537
Other bond securities	12,772	13,998
Mortgage and other loans receivable	37,023	33,240
Other invested assets	20,822	24,538
Liabilities:
Long-term Debt	31,640	30,912
Held for sale [Member]
Assets:
Mortgage and other loans receivable		137
Other invested assets		2
Liabilities:
Long-term Debt		0
Real Estate and Investment Entities
Liabilities:
Off-balance sheet exposure	85.8	106
Securitization Vehicles
Total assets of unconsolidated VIEs as well as maximum exposure to loss
Total VIE Assets	18,100
Total assets of consolidated securitization vehicles owed to Parent or its subsidiaries	17,600
Consolidated VIE
Assets:
Bonds available for sale	9,632	10,233
Other bond securities	4,521	5,129
Mortgage and other loans receivable	2,290	1,547
Other invested assets	4,683	4,222
Other assets	2,218	1,995
Total assets	23,344	23,126
Liabilities:
Long-term Debt	4,134	2,973
Other liabilities	595	677
Total liabilities	4,729	3,650
Consolidated VIE | Real Estate and Investment Entities
Assets:
Bonds available for sale	0	0
Other bond securities	0	0
Mortgage and other loans receivable	0	1
Other invested assets	1,365	1,052
Other assets	302	365
Total assets	1,667	1,418
Liabilities:
Long-term Debt	680	444
Other liabilities	144	224
Total liabilities	824	668
Consolidated VIE | Securitization Vehicles
Assets:
Bonds available for sale	9,632	10,233
Other bond securities	4,518	4,858
Mortgage and other loans receivable	2,290	1,442
Other invested assets	206	321
Other assets	1,481	1,104
Total assets	18,127	17,958
Liabilities:
Long-term Debt	1,624	771
Other liabilities	244	203
Total liabilities	1,868	974
Total assets of unconsolidated VIEs as well as maximum exposure to loss
Total assets of consolidated securitization vehicles owed to Parent or its subsidiaries	17,600	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	0	50
Total assets	0	316
Liabilities:
Long-term Debt	0	56
Other liabilities	0	1
Total liabilities	0	57
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	3,087	2,821
Other assets	350	384
Total assets	3,437	3,205
Liabilities:
Long-term Debt	1,825	1,696
Other liabilities	181	211
Total liabilities	2,006	1,907
Consolidated VIE | Other
Assets:
Bonds available for sale	0	0
Other bond securities	3	5
Mortgage and other loans receivable	0	104
Other invested assets	25	28
Other assets	85	92
Total assets	113	229
Liabilities:
Long-term Debt	5	6
Other liabilities	26	38
Total liabilities	31	44
Unconsolidated VIE
Assets:
Other invested assets	9,800	11,700
Total assets of unconsolidated VIEs as well as maximum exposure to loss
Total VIE Assets	387,201	416,665
Maximum Exposure to Loss, On-Balance Sheet	10,232	12,114
Maximum Exposure to Loss, Off-Balance Sheet	3,248	3,160
Total maximum exposure to loss	13,480	15,274
Unconsolidated VIE | Real Estate and Investment Entities
Total assets of unconsolidated VIEs as well as maximum exposure to loss
Total VIE Assets	380,030	409,087
Maximum Exposure to Loss, On-Balance Sheet	9,253	11,015
Maximum Exposure to Loss, Off-Balance Sheet	2,043	2,115
Total maximum exposure to loss	11,296	13,130
Unconsolidated VIE | Affordable Housing Partnerships
Total assets of unconsolidated VIEs as well as maximum exposure to loss
Total VIE Assets	4,468	4,709
Maximum Exposure to Loss, On-Balance Sheet	725	785
Maximum Exposure to Loss, Off-Balance Sheet	0	0
Total maximum exposure to loss	725	785
Unconsolidated VIE | Other
Total assets of unconsolidated VIEs as well as maximum exposure to loss
Total VIE Assets	2,703	2,869
Maximum Exposure to Loss, On-Balance Sheet	254	314
Maximum Exposure to Loss, Off-Balance Sheet	1,205	1,045
Total maximum exposure to loss	$ 1,459	$ 1,359

DERIVATIVES AND HEDGE ACCOUN110

DERIVATIVES AND HEDGE ACCOUNTING (Details - Notional amounts and fair values of our derivative instruments) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Derivative [Line Items]
Gross Derivative Assets, Notional Amount	$ 106,687	$ 115,897
Gross Derivative Assets, Fair Value	3,545	3,977
Gross Derivative Liabilities, Notional Amount	45,888	64,938
Gross Derivative Liabilities, Fair Value	3,748	4,802
Derivative assets, Counterparty netting	(1,464)	(1,265)
Derivative assets, Cash collateral	(1,159)	(903)
Total derivative assets on consolidated balance sheet	922	1,809
Derivative liabilities, Counterparty netting	(1,464)	(1,265)
Derivative liabilities, Cash collateral	(1,249)	(1,521)
Total derivative liabilities on consolidated balance sheet	1,035	2,016
Bifurcated embedded derivatives
Derivative [Line Items]
Gross Derivative Liabilities, Fair Value	4,100	3,100
Derivatives designated as hedging instruments | Interest rate contracts
Derivative [Line Items]
Gross Derivative Assets, Notional Amount	0	175
Gross Derivative Assets, Fair Value	0	0
Gross Derivative Liabilities, Notional Amount	838	782
Gross Derivative Liabilities, Fair Value	15	11
Derivatives designated as hedging instruments | Foreign exchange contracts
Derivative [Line Items]
Gross Derivative Assets, Notional Amount	2,823	3,527
Gross Derivative Assets, Fair Value	173	385
Gross Derivative Liabilities, Notional Amount	4,783	2,602
Gross Derivative Liabilities, Fair Value	350	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	159	113
Gross Derivative Liabilities, Fair Value	19	7
Derivatives not designated as hedging instruments | Interest rate contracts
Derivative [Line Items]
Gross Derivative Assets, Notional Amount	37,751	51,030
Gross Derivative Assets, Fair Value	2,171	2,328
Gross Derivative Liabilities, Notional Amount	26,461	44,211
Gross Derivative Liabilities, Fair Value	2,185	3,066
Derivatives not designated as hedging instruments | Foreign exchange contracts
Derivative [Line Items]
Gross Derivative Assets, Notional Amount	6,305	9,468
Gross Derivative Assets, Fair Value	658	935
Gross Derivative Liabilities, Notional Amount	11,093	7,674
Gross Derivative Liabilities, Fair Value	895	1,185
Derivatives not designated as hedging instruments | Equity contracts
Derivative [Line Items]
Gross Derivative Assets, Notional Amount	19,975	14,060
Gross Derivative Assets, Fair Value	522	305
Gross Derivative Liabilities, Notional Amount	1,130	8,633
Gross Derivative Liabilities, Fair Value	2	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	4	4
Gross Derivative Assets, Fair Value	1	2
Gross Derivative Liabilities, Notional Amount	1,365	861
Gross Derivative Liabilities, Fair Value	277	331
Derivatives not designated as hedging instruments | Other contracts
Derivative [Line Items]
Gross Derivative Assets, Notional Amount	39,829	37,633
Gross Derivative Assets, Fair Value	20	22
Gross Derivative Liabilities, Notional Amount	59	62
Gross Derivative Liabilities, Fair Value	5	6
Derivatives not designated as hedging instruments | Bifurcated embedded derivatives
Derivative [Line Items]
Gross Derivative Liabilities, Notional Amount	685	801
Gross Derivative Liabilities, Fair Value	$ 254	$ 308

DERIVATIVES AND HEDGE ACCOUN111

DERIVATIVES AND HEDGE ACCOUNTING (Details - Fair values of derivative assets and liabilities) - USD ($) $ in Billions	Dec. 31, 2017	Dec. 31, 2016
Collateral
Collateral posted to third parties for derivative transactions	$ 2.9	$ 4.5
Collateral obtained from third parties for derivative transactions	$ 1.3	$ 1.5

DERIVATIVES AND HEDGE ACCOUN112

DERIVATIVES AND HEDGE ACCOUNTING (Details - Hedge Accounting) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Derivative Instruments, Gain (Loss) [Line Items]
Foreign currency translation gain (loss) adjustment related to net investment hedge relationships	$ (106)	$ 123	$ 90
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	(4)	(7)	0
Gain (loss) recognized in earnings on hedged items	4	1	1
Gain (loss) recognized in earnings for ineffective portion	0	1	1
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	0	0	0
Gains/(Losses) Recognized in Earnings Including Gains/(Losses) Attributable to Other	0	(7)	0
Derivatives designated as hedging instruments | Interest rate contracts | Fair value hedging | Interest credited to policyholder account balances
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	0	0	0
Gain (loss) recognized in earnings on hedged items	0	0	0
Gain (loss) recognized in earnings for ineffective portion	0	0	0
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	0	0	0
Gains/(Losses) Recognized in Earnings Including Gains/(Losses) Attributable to Other	0	0	0
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 derivatives	0	0	0
Gain (loss) recognized in earnings on hedged items	0	10	9
Gain (loss) recognized in earnings for ineffective portion	0	0	0
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	0	0	0
Gains/(Losses) Recognized in Earnings Including Gains/(Losses) Attributable to Other	0	10	9
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
Gain (loss) recognized in earnings on hedged items	0	0	14
Gain (loss) recognized in earnings for ineffective portion	0	0	0
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	0	0	0
Gains/(Losses) Recognized in Earnings Including Gains/(Losses) Attributable to Other	0	0	14
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	(420)	294	202
Gain (loss) recognized in earnings on hedged items	393	(335)	(167)
Gain (loss) recognized in earnings for ineffective portion	0	0	0
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	(26)	(41)	32
Gains/(Losses) Recognized in Earnings Including Gains/(Losses) Attributable to Other	0	0	3
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 derivatives	0	0	0
Gain (loss) recognized in earnings on hedged items	0	0	(1)
Gain (loss) recognized in earnings for ineffective portion	0	0	0
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	0	0	0
Gains/(Losses) Recognized in Earnings Including Gains/(Losses) Attributable to Other	0	0	(1)
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 derivatives	0	0	0
Gain (loss) recognized in earnings on hedged items	4	24	17
Gain (loss) recognized in earnings for ineffective portion	0	0	0
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	0	0	0
Gains/(Losses) Recognized in Earnings Including Gains/(Losses) Attributable to Other	4	24	17
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
Gain (loss) recognized in earnings on hedged items	0	0	17
Gain (loss) recognized in earnings for ineffective portion	0	0	0
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	0	0	0
Gains/(Losses) Recognized in Earnings Including Gains/(Losses) Attributable to Other	0	0	17
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	(47)	10	(45)
Gain (loss) recognized in earnings on hedged items	42	(11)	45
Gain (loss) recognized in earnings for ineffective portion	0	0	0
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	(5)	(1)	0
Gains/(Losses) Recognized in Earnings Including Gains/(Losses) Attributable to Other	0	0	0
Derivatives not designated as hedging instruments
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	(1,501)	(725)	876
Derivatives not designated as hedging instruments | Net realized capital gains (losses)
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	(1,709)	(895)	365
Derivatives not designated as hedging instruments | Net investment income
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	(11)	26	26
Derivatives not designated as hedging instruments | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	139	63	401
Derivatives not designated as hedging instruments | Policy fees
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	77	80	78
Derivatives not designated as hedging instruments | Policyholder benefits and claims incurred
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	3	1	6
Derivatives not designated as hedging instruments | Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	56	(229)	339
Derivatives not designated as hedging instruments | Foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	(277)	293	416
Derivatives not designated as hedging instruments | Equity contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	(964)	(902)	(182)
Derivatives not designated as hedging instruments | Commodity contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	0	0	(1)
Derivatives not designated as hedging instruments | Credit contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	58	81	186
Derivatives not designated as hedging instruments | Other contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	75	80	69
Derivatives not designated as hedging instruments | Embedded derivatives
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in earnings on derivatives	$ (449)	$ (48)	$ 49

DERIVATIVES AND HEDGE ACCOUN113

DERIVATIVES AND HEDGE ACCOUNTING (Details - Additional Information) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Credit Derivatives [Line Items]
Collateral posted	$ 2,900	$ 4,500
Obligation to make payments on embedded credit derivatives	0
Fair value of hybrid securities	4,400	4,800
Par value of hybrid securities	9,100	10,100
Credit Risk Related Contingent Features [Member]
Credit Derivatives [Line Items]
Collateral posted	676	875
Aggregate fair value of net liability position	572	$ 848
Credit Risk Related Contingent Features [Member] | Standard & Poor's, BBB Rating | Moody's, Baa2 Rating
Credit Derivatives [Line Items]
Additional Collateral Aggregate Fair Value	$ 83
Global Capital Markets (GCM) derivatives | Super Senior CDS | Arbitrage | Multi-sector CDOs
Credit Derivatives [Line Items]
Derivative weighted average maturity	6 years

GOODWILL (Details)

GOODWILL (Details) $ in Millions	12 Months Ended
	Dec. 31, 2017USD ($)item	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Goodwill Disclosure
Number of steps involved in process of impairment test | item	2
Goodwill
Goodwill - gross	$ 5,005	$ 5,090	$ 4,931
Accumulated impairments	(3,477)	(3,477)	(3,477)
Net goodwill	1,528	1,613	1,454
Increase (decrease) due to:
Acquisition	4		208
Other	87	(73)	(49)
Dispositions	(25)	(12)
Goodwill - gross	5,071	5,005	5,090
Accumulated impairments	(3,477)	(3,477)	(3,477)
Net goodwill	1,594	1,528	1,613
Goodwill Reallocation	1,300
North America
Goodwill
Goodwill - gross	1,878	1,884	1,834
Accumulated impairments	(1,264)	(1,264)	(1,264)
Net goodwill	614	620	570
Increase (decrease) due to:
Acquisition	0		50
Other	0	0	0
Dispositions	(10)	(6)
Goodwill - gross	1,868	1,878	1,884
Accumulated impairments	(1,264)	(1,264)	(1,264)
Net goodwill	604	614	620
International
Goodwill
Goodwill - gross	2,807	2,883	2,887
Accumulated impairments	(2,136)	(2,136)	(2,136)
Net goodwill	671	747	751
Increase (decrease) due to:
Acquisition	0		46
Other	74	(70)	(50)
Dispositions	(7)	(6)
Goodwill - gross	2,874	2,807	2,883
Accumulated impairments	(2,136)	(2,136)	(2,136)
Net goodwill	738	671	747
Life insurance
Goodwill
Goodwill - gross	77	77	21
Accumulated impairments	0	0	0
Net goodwill	77	77	21
Increase (decrease) due to:
Acquisition	0		55
Other	13	0	1
Dispositions	(6)
Goodwill - gross	84	77	77
Accumulated impairments	0	0	0
Net goodwill	84	77	77
Other Operations
Goodwill
Goodwill - gross	27	27	7
Accumulated impairments	0	0	0
Net goodwill	27	27	7
Increase (decrease) due to:
Acquisition	4		20
Other	0	0	0
Dispositions	0
Goodwill - gross	31	27	27
Accumulated impairments	0	0	0
Net goodwill	31	27	27
Legacy Portfolio
Goodwill
Goodwill - gross	216	219	182
Accumulated impairments	(77)	(77)	(77)
Net goodwill	139	142	105
Increase (decrease) due to:
Acquisition	0		37
Other	0	(3)	0
Dispositions	(2)
Goodwill - gross	214	216	219
Accumulated impairments	(77)	(77)	(77)
Net goodwill	$ 137	$ 139	$ 142

INSURANCE LIABILITIES (Details

INSURANCE LIABILITIES (Details - Liability for Unpaid Losses and Loss Adjustment Expenses) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2017	Dec. 31, 2016
Supplementary Insurance Information, by Segment [Line Items]
Gross loss reserves before reinsurance and discount, net of contractual deductible recoverable amounts due from policyholders												$ 12,600	$ 12,800
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 loss and loss adjustment expenses, beginning of year				$ 77,077				$ 74,942	$ 77,077	$ 74,942	$ 77,260
Reinsurance recoverable, balance at the beginning of the year				(15,532)				(14,339)	(15,532)	(14,339)	(15,648)
Net Liability for unpaid loss and loss adjustment expenses, beginning of year				61,545				60,603	61,545	60,603	61,612
Losses and loss adjustment expenses incurred
Current year									21,079	20,232	20,308
Prior years, other than accretion of discount	$ 212	$ 901	$ 391	61	$ 5,574	$ 273	$ 7	(66)
Prior years, excluding discount and amortization of deferred gain									1,565	5,788	4,119
Prior years, discount charge (benefit)									187	(422)	(71)
Prior years, amortization of deferred gain on retroactive reinsurance									(284)	0	0
Total losses and loss adjustment expenses incurred									22,547	25,598	24,356
Losses and loss adjustment expenses paid
Current year									(5,323)	(5,825)	(5,751)
Prior years									(16,241)	(16,908)	(18,205)
Total losses and loss adjustment expenses paid									(21,564)	(22,733)	(23,956)
Other changes
Foreign exchange effect									788	(463)	(1,429)
Acquisitions									23	0	0
Dispositions									(360)	(1,058)	0
Retroactive reinsurance adjustment (net of discount)									(11,294)	0	20
Reclassified to liabilities held for sale									0	402	0
Total other changes									(10,843)	(1,923)	(1,409)
Net liability for unpaid losses and loss adjustment expenses, balance at end of year	51,685				61,545				51,685	61,545	60,603
Reinsurance recoverable, balance at the end of the year	26,708				15,532				26,708	15,532	14,339
Total, balance at the end of the year	78,393				77,077				78,393	77,077	74,942
Net liability for unpaid losses and loss adjustment expenses as presented in the disaggregated tables below (Last 10 Years)	$ 51,685			$ 61,545	$ 61,545			$ 60,603	51,685	$ 61,545	$ 60,603	$ 51,685	$ 61,545
U.S. Asbestos | NICO [Member]
Losses and loss adjustment expenses incurred
Prior years, discount charge (benefit)									$ 25

INSURANCE LIABILITIES (Detai116

INSURANCE LIABILITIES (Details - Reconciliation of the Net Incurred and Paid Claims Development) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Liability For Claims And Claims Adjustment Expense [LineItems]
Net liability for unpaid losses and loss adjustment expenses as presented in the disaggregated tables below (Last 10 Years)	$ 51,685	$ 61,545	$ 60,603	$ 61,612
Reinsurance recoverable on unpaid losses and loss adjustment expenses included in the disaggregated tables below (Last 10 Years)	26,708	15,532	14,339	15,648
Gross liability for unpaid losses and loss adjustment expenses (Last 10 Years)	78,393	$ 77,077	$ 74,942	$ 77,260
Reportable Segments
Liability For Claims And Claims Adjustment Expense [LineItems]
Net liability for unpaid losses and loss adjustment expenses as presented in the disaggregated tables below (Last 10 Years)	45,200
Reinsurance recoverable on unpaid losses and loss adjustment expenses included in the disaggregated tables below (Last 10 Years)	24,295
Gross liability for unpaid losses and loss adjustment expenses (Last 10 Years)	69,495
Reportable Segments | U.S. Workers Compensation
Liability For Claims And Claims Adjustment Expense [LineItems]
Net liability for unpaid losses and loss adjustment expenses as presented in the disaggregated tables below (Last 10 Years)	6,616
Reinsurance recoverable on unpaid losses and loss adjustment expenses included in the disaggregated tables below (Last 10 Years)	6,513
Gross liability for unpaid losses and loss adjustment expenses (Last 10 Years)	13,129
Reportable Segments | U.S. Excess Casualty
Liability For Claims And Claims Adjustment Expense [LineItems]
Net liability for unpaid losses and loss adjustment expenses as presented in the disaggregated tables below (Last 10 Years)	4,802
Reinsurance recoverable on unpaid losses and loss adjustment expenses included in the disaggregated tables below (Last 10 Years)	4,053
Gross liability for unpaid losses and loss adjustment expenses (Last 10 Years)	8,855
Reportable Segments | U.S. Other Casualty
Liability For Claims And Claims Adjustment Expense [LineItems]
Net liability for unpaid losses and loss adjustment expenses as presented in the disaggregated tables below (Last 10 Years)	5,149
Reinsurance recoverable on unpaid losses and loss adjustment expenses included in the disaggregated tables below (Last 10 Years)	4,793
Gross liability for unpaid losses and loss adjustment expenses (Last 10 Years)	9,942
Reportable Segments | U.S. Financial Lines
Liability For Claims And Claims Adjustment Expense [LineItems]
Net liability for unpaid losses and loss adjustment expenses as presented in the disaggregated tables below (Last 10 Years)	5,104
Reinsurance recoverable on unpaid losses and loss adjustment expenses included in the disaggregated tables below (Last 10 Years)	1,962
Gross liability for unpaid losses and loss adjustment expenses (Last 10 Years)	7,066
Reportable Segments | U.S. Property and Specialty Risks
Liability For Claims And Claims Adjustment Expense [LineItems]
Net liability for unpaid losses and loss adjustment expenses as presented in the disaggregated tables below (Last 10 Years)	5,410
Reinsurance recoverable on unpaid losses and loss adjustment expenses included in the disaggregated tables below (Last 10 Years)	968
Gross liability for unpaid losses and loss adjustment expenses (Last 10 Years)	6,378
Reportable Segments | U.S. Personal Insurance
Liability For Claims And Claims Adjustment Expense [LineItems]
Net liability for unpaid losses and loss adjustment expenses as presented in the disaggregated tables below (Last 10 Years)	1,380
Reinsurance recoverable on unpaid losses and loss adjustment expenses included in the disaggregated tables below (Last 10 Years)	194
Gross liability for unpaid losses and loss adjustment expenses (Last 10 Years)	1,574
Reportable Segments | Europe Casualty and Financial Lines
Liability For Claims And Claims Adjustment Expense [LineItems]
Net liability for unpaid losses and loss adjustment expenses as presented in the disaggregated tables below (Last 10 Years)	6,986
Reinsurance recoverable on unpaid losses and loss adjustment expenses included in the disaggregated tables below (Last 10 Years)	1,156
Gross liability for unpaid losses and loss adjustment expenses (Last 10 Years)	8,142
Reportable Segments | Europe Property and Special Risks
Liability For Claims And Claims Adjustment Expense [LineItems]
Net liability for unpaid losses and loss adjustment expenses as presented in the disaggregated tables below (Last 10 Years)	2,022
Reinsurance recoverable on unpaid losses and loss adjustment expenses included in the disaggregated tables below (Last 10 Years)	632
Gross liability for unpaid losses and loss adjustment expenses (Last 10 Years)	2,654
Reportable Segments | Europe and Japan Personal Insurance
Liability For Claims And Claims Adjustment Expense [LineItems]
Net liability for unpaid losses and loss adjustment expenses as presented in the disaggregated tables below (Last 10 Years)	2,348
Reinsurance recoverable on unpaid losses and loss adjustment expenses included in the disaggregated tables below (Last 10 Years)	349
Gross liability for unpaid losses and loss adjustment expenses (Last 10 Years)	2,697
Reportable Segments | U.S. Run-Off Long Tail Insurance Lines
Liability For Claims And Claims Adjustment Expense [LineItems]
Net liability for unpaid losses and loss adjustment expenses as presented in the disaggregated tables below (Last 10 Years)	5,383
Reinsurance recoverable on unpaid losses and loss adjustment expenses included in the disaggregated tables below (Last 10 Years)	3,675
Gross liability for unpaid losses and loss adjustment expenses (Last 10 Years)	9,058
Reconciling Items | Discount On Workers Compensation Lines
Liability For Claims And Claims Adjustment Expense [LineItems]
Gross liability for unpaid losses and loss adjustment expenses (Last 10 Years)	(3,383)
Reconciling Items | Other Product Lines
Liability For Claims And Claims Adjustment Expense [LineItems]
Gross liability for unpaid losses and loss adjustment expenses (Last 10 Years)	8,568
Reconciling Items | Unallocated Loss Adjustment Expenses
Liability For Claims And Claims Adjustment Expense [LineItems]
Gross liability for unpaid losses and loss adjustment expenses (Last 10 Years)	$ 3,713

INSURANCE LIABILITIES (Detai117

INSURANCE LIABILITIES (Details - Undiscounted, Incurred and Paid Losses and Allocated Loss Adjustment Expenses) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2017USD ($)item	Sep. 30, 2017USD ($)	Jun. 30, 2017USD ($)	Mar. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2017USD ($)item	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Dec. 31, 2012USD ($)	Dec. 31, 2011USD ($)	Dec. 31, 2010USD ($)	Dec. 31, 2009USD ($)	Dec. 31, 2008USD ($)
Claims Development [Line Items]
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									$ 1,565	$ 5,788	$ 4,119
Reserve strengthening charges	$ 212	$ 901	$ 391	$ 61	$ 5,574	$ 273	$ 7	$ (66)
Liabilities for losses and loss adjustment expenses, net of reinsurance	51,685				61,545				51,685	61,545	60,603	$ 61,612
U.S. Workers Compensation
Claims Development [Line Items]
Reserve strengthening charges									(31)	1,900	234
Total	24,876								24,876
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	16,580								16,580
Liabilities for losses and loss adjustment expenses and prior year development before 2008, net of reinsurance	3,867								3,867
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance	12,163								12,163
U.S. Excess Casualty
Claims Development [Line Items]
Reserve strengthening charges									254	1,100	1,400
Total	13,410								13,410
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	7,120								7,120
Liabilities for losses and loss adjustment expenses and prior year development before 2008, net of reinsurance	1,649								1,649
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance	7,939								7,939
U.S. Other Casualty
Claims Development [Line Items]
Reserve strengthening charges									216	1,600	1,400
Total	21,565								21,565
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	15,521								15,521
Liabilities for losses and loss adjustment expenses and prior year development before 2008, net of reinsurance	1,406								1,406
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance	7,450								7,450
U.S. Financial Lines
Claims Development [Line Items]
Reserve strengthening charges									345	306	502
Total	18,500								18,500
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	12,615								12,615
Liabilities for losses and loss adjustment expenses and prior year development before 2008, net of reinsurance	88								88
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance	5,973								5,973
U.S. Property and Special Risks
Claims Development [Line Items]
Reserve strengthening charges									115	396	(132)
Total	27,032								27,032
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	21,589								21,589
Liabilities for losses and loss adjustment expenses and prior year development before 2008, net of reinsurance	318								318
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance	5,761								5,761
U.S. Personal Insurance
Claims Development [Line Items]
Reserve strengthening charges									16	(32)	(69)
Total	17,538								17,538
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	16,053								16,053
Liabilities for losses and loss adjustment expenses and prior year development before 2008, net of reinsurance	(65)								(65)
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance	1,420								1,420
Europe Casualty and Financial Lines
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	15,357								15,357
Reserve strengthening charges									507	320	142
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	8,965								8,965
Liabilities for losses and loss adjustment expenses and prior year development before 2008, net of reinsurance	594								594
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance	6,986								6,986
Europe Property and Special Risks
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	8,986								8,986
Reserve strengthening charges									157	11	4
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	6,971								6,971
Liabilities for losses and loss adjustment expenses and prior year development before 2008, net of reinsurance	7								7
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance	2,022								2,022
Europe and Japan Personal Insurance
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	28,468								28,468
Reserve strengthening charges									(58)	(82)	15
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	26,161								26,161
Liabilities for losses and loss adjustment expenses and prior year development before 2008, net of reinsurance	41								41
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance	2,348								2,348
U.S. Run-Off Long Tail Insurance Lines
Claims Development [Line Items]
Reserve strengthening charges									(30)	390
Total	5,597								5,597
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	3,830								3,830
Liabilities for losses and loss adjustment expenses and prior year development before 2008, net of reinsurance	3,616								3,616
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance	5,383								5,383
Prior to 2008
Claims Development [Line Items]
Reserve strengthening charges									424	1,840	1,848
Prior to 2008 | U.S. Workers Compensation
Claims Development [Line Items]
Reserve strengthening charges									4	1,009	100
Prior to 2008 | U.S. Excess Casualty
Claims Development [Line Items]
Reserve strengthening charges									141	107	450
Prior to 2008 | U.S. Other Casualty
Claims Development [Line Items]
Reserve strengthening charges									10	338	440
Prior to 2008 | U.S. Financial Lines
Claims Development [Line Items]
Reserve strengthening charges									(44)	31	191
Prior to 2008 | U.S. Property and Special Risks
Claims Development [Line Items]
Reserve strengthening charges									12	12	26
Prior to 2008 | U.S. Personal Insurance
Claims Development [Line Items]
Reserve strengthening charges									5	(13)	33
Prior to 2008 | Europe Casualty and Financial Lines
Claims Development [Line Items]
Reserve strengthening charges									169	(6)	(2)
Prior to 2008 | Europe Property and Special Risks
Claims Development [Line Items]
Reserve strengthening charges									(5)	1	(1)
Prior to 2008 | Europe and Japan Personal Insurance
Claims Development [Line Items]
Reserve strengthening charges									1	(5)	1
Prior to 2008 | U.S. Run-Off Long Tail Insurance Lines
Claims Development [Line Items]
Reserve strengthening charges									(46)	363	621
Prior to 2008 | All Other
Claims Development [Line Items]
Reserve strengthening charges									177	3	(11)
2008 | U.S. Workers Compensation
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	4,536				4,547				4,536	4,547	4,398	4,385	$ 4,398	$ 4,471	$ 4,425	$ 4,422	$ 4,184	$ 4,114
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									(11)
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 448								$ 448
Cumulative Number of Reported Claims | item	198,852								198,852
Incurred Impact of Adverse Development Reinsurance Agreement	$ (416)								$ (416)
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	4,120								4,120
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	32								32
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	3,789				3,707				3,789	3,707	3,609	3,476	3,272	3,044	2,655	2,252	1,678	785
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2008 | U.S. Excess Casualty
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	1,658				1,635				1,658	1,635	1,662	1,714	1,875	1,819	1,933	2,146	1,968	1,948
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									23
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 188								$ 188
Cumulative Number of Reported Claims | item	4,662								4,662
Incurred Impact of Adverse Development Reinsurance Agreement	$ (176)								$ (176)
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	1,482								1,482
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	12								12
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	1,364				1,226				1,364	1,226	1,172	1,061	954	842	667	439	97	11
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2008 | U.S. Other Casualty
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	3,175				3,193				3,175	3,193	3,154	3,087	2,983	2,981	2,901	2,837	2,773	2,957
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									(18)
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 204								$ 204
Cumulative Number of Reported Claims | item	117,484								117,484
Incurred Impact of Adverse Development Reinsurance Agreement	$ (104)								$ (104)
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	3,071								3,071
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	100								100
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	2,895				2,835				2,895	2,835	2,731	2,586	2,396	2,119	1,771	1,251	791	277
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2008 | U.S. Financial Lines
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	2,106				2,096				2,106	2,096	2,066	1,933	1,897	1,961	1,847	2,017	2,045	1,871
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									10
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 36								$ 36
Cumulative Number of Reported Claims | item	21,719								21,719
Incurred Impact of Adverse Development Reinsurance Agreement	$ (21)								$ (21)
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	2,085								2,085
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	15								15
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	2,016				1,990				2,016	1,990	1,897	1,712	1,590	1,385	1,183	888	420	32
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2008 | U.S. Property and Special Risks
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	3,575				3,576				3,575	3,576	3,581	3,585	3,609	3,659	3,700	3,747	3,789	3,531
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									(1)
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 20								$ 20
Cumulative Number of Reported Claims | item	56,526								56,526
Incurred Impact of Adverse Development Reinsurance Agreement	$ (14)								$ (14)
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	3,561								3,561
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	6								6
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	3,540				3,530				3,540	3,530	3,515	3,498	3,487	3,457	3,342	3,150	2,679	1,323
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2008 | U.S. Personal Insurance
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	1,668				1,664				1,668	1,664	1,666	1,663	1,654	1,654	1,654	1,640	1,638	1,630
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									4
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 1								$ 1
Cumulative Number of Reported Claims | item	292,830								292,830
Incurred Impact of Adverse Development Reinsurance Agreement	$ (1)								$ (1)
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	1,667								1,667
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	0								0
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	1,665				1,663				1,665	1,663	1,660	1,656	1,644	1,634	1,609	1,569	1,493	1,151
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2008 | Europe Casualty and Financial Lines
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	1,604				1,604				1,604	1,604	1,605	1,649	1,599	1,595	1,580	1,632	1,615	1,511
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									0
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 24								$ 24
Cumulative Number of Reported Claims | item	236,384								236,384
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 1,471				1,455				$ 1,471	1,455	1,375	1,323	1,245	1,118	961	726	477	130
2008 | Europe Property and Special Risks
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	613				614				613	614	618	620	626	632	643	644	636	633
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									(1)
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 0								$ 0
Cumulative Number of Reported Claims | item	41,602								41,602
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 599				598				$ 599	598	596	596	590	577	546	511	399	148
2008 | Europe and Japan Personal Insurance
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	2,914				2,912				2,914	2,912	2,916	2,913	2,919	2,915	2,908	2,904	2,911	2,869
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									2
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 3								$ 3
Cumulative Number of Reported Claims | item	1,577,002								1,577,002
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 2,899				2,896				$ 2,899	2,896	2,887	2,880	2,865	2,829	2,773	2,655	2,421	1,602
2008 | U.S. Run-Off Long Tail Insurance Lines
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	985				983				985	983	976	978	926	909	868	884	1,035	945
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									2
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 65								$ 65
Cumulative Number of Reported Claims | item	40,075								40,075
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 866				846				$ 866	846	832	787	726	657	572	497	370	$ 133
2009 | U.S. Workers Compensation
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	3,714				3,708				3,714	3,708	3,606	3,616	3,639	3,666	3,608	3,633	3,466
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									6
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 495								$ 495
Cumulative Number of Reported Claims | item	147,357								147,357
Incurred Impact of Adverse Development Reinsurance Agreement	$ (416)								$ (416)
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	3,298								3,298
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	79								79
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	2,968				2,887				2,968	2,887	2,780	2,621	2,390	2,120	1,756	1,328	630
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2009 | U.S. Excess Casualty
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	1,522				1,518				1,522	1,518	1,407	1,321	1,457	1,638	1,797	1,897	1,831
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									4
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 210								$ 210
Cumulative Number of Reported Claims | item	3,789								3,789
Incurred Impact of Adverse Development Reinsurance Agreement	$ (169)								$ (169)
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	1,353								1,353
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	41								41
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	1,212				1,174				1,212	1,174	965	788	624	449	249	69	8
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2009 | U.S. Other Casualty
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	2,855				2,863				2,855	2,863	2,880	2,818	2,697	2,582	2,586	2,517	2,416
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									(8)
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 144								$ 144
Cumulative Number of Reported Claims | item	90,101								90,101
Incurred Impact of Adverse Development Reinsurance Agreement	$ (143)								$ (143)
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	2,712								2,712
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	1								1
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	2,664				2,607				2,664	2,607	2,386	2,241	2,002	1,650	1,253	842	393
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2009 | U.S. Financial Lines
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	2,310				2,273				2,310	2,273	2,183	2,189	2,097	1,904	1,845	1,780	1,693
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									37
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 60								$ 60
Cumulative Number of Reported Claims | item	22,613								22,613
Incurred Impact of Adverse Development Reinsurance Agreement	$ (26)								$ (26)
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	2,284								2,284
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	34								34
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	2,092				2,056				2,092	2,056	1,964	1,838	1,614	1,273	887	499	129
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2009 | U.S. Property and Special Risks
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	1,663				1,664				1,663	1,664	1,656	1,665	1,662	1,700	1,689	1,704	1,919
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									(1)
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 18								$ 18
Cumulative Number of Reported Claims | item	42,897								42,897
Incurred Impact of Adverse Development Reinsurance Agreement	$ (13)								$ (13)
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	1,650								1,650
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	5								5
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	1,633				1,618				1,633	1,618	1,597	1,580	1,528	1,443	1,288	1,044	495
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2009 | U.S. Personal Insurance
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	1,671				1,667				1,671	1,667	1,668	1,664	1,664	1,663	1,649	1,697	1,763
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									4
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 4								$ 4
Cumulative Number of Reported Claims | item	375,959								375,959
Incurred Impact of Adverse Development Reinsurance Agreement	$ 0								$ 0
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	1,671								1,671
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	4								4
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	1,664				1,663				1,664	1,663	1,658	1,650	1,639	1,618	1,567	1,563	1,129
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2009 | Europe Casualty and Financial Lines
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	2,030				1,996				2,030	1,996	1,912	1,906	1,885	1,856	1,858	1,844	1,746
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									34
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 103								$ 103
Cumulative Number of Reported Claims | item	236,270								236,270
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 1,681				1,581				$ 1,681	1,581	1,442	1,274	1,139	970	708	418	139
2009 | Europe Property and Special Risks
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	655				655				655	655	655	680	666	674	675	666	738
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									0
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 3								$ 3
Cumulative Number of Reported Claims | item	39,109								39,109
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 635				634				$ 635	634	632	620	613	585	532	429	183
2009 | Europe and Japan Personal Insurance
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	2,902				2,902				2,902	2,902	2,900	2,907	2,909	2,920	2,901	2,900	2,913
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									0
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 5								$ 5
Cumulative Number of Reported Claims | item	1,605,992								1,605,992
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 2,886				2,879				$ 2,886	2,879	2,867	2,850	2,821	2,765	2,656	2,412	1,627
2009 | U.S. Run-Off Long Tail Insurance Lines
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	576				580				576	580	599	602	635	579	544	532	553
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									(4)
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 75								$ 75
Cumulative Number of Reported Claims | item	16,237								16,237
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 461				447				$ 461	447	429	409	368	286	231	134	$ 42
2010 | U.S. Workers Compensation
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	3,267				3,286				3,267	3,286	3,214	3,211	3,148	3,125	3,049	2,706
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									(19)
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 451								$ 451
Cumulative Number of Reported Claims | item	133,191								133,191
Incurred Impact of Adverse Development Reinsurance Agreement	$ (449)								$ (449)
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	2,818								2,818
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	2								2
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	2,532				2,426				2,532	2,426	2,288	2,126	1,855	1,537	1,093	550
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2010 | U.S. Excess Casualty
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	1,706				1,719				1,706	1,719	1,723	1,640	1,771	2,076	2,076	1,863
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									(13)
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 359								$ 359
Cumulative Number of Reported Claims | item	3,588								3,588
Incurred Impact of Adverse Development Reinsurance Agreement	$ (260)								$ (260)
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	1,446								1,446
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	99								99
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	1,217				1,052				1,217	1,052	946	795	654	475	197	10
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2010 | U.S. Other Casualty
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	2,494				2,503				2,494	2,503	2,384	2,341	2,192	2,243	2,109	2,132
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									(9)
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 325								$ 325
Cumulative Number of Reported Claims | item	96,061								96,061
Incurred Impact of Adverse Development Reinsurance Agreement	$ (133)								$ (133)
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	2,361								2,361
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	192								192
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	2,087				1,972				2,087	1,972	1,824	1,640	1,358	985	661	295
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2010 | U.S. Financial Lines
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	1,541				1,514				1,541	1,514	1,472	1,370	1,366	1,406	1,509	1,552
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									27
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 70								$ 70
Cumulative Number of Reported Claims | item	20,159								20,159
Incurred Impact of Adverse Development Reinsurance Agreement	$ (31)								$ (31)
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	1,510								1,510
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	39								39
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	1,361				1,280				1,361	1,280	1,180	1,017	800	566	285	31
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2010 | U.S. Property and Special Risks
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	2,058				2,043				2,058	2,043	2,038	2,061	2,049	2,009	2,042	2,275
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									15
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 21								$ 21
Cumulative Number of Reported Claims | item	42,276								42,276
Incurred Impact of Adverse Development Reinsurance Agreement	$ (18)								$ (18)
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	2,040								2,040
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	3								3
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	2,001				1,978				2,001	1,978	1,940	1,880	1,799	1,657	1,391	654
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2010 | U.S. Personal Insurance
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	1,817				1,817				1,817	1,817	1,819	1,820	1,819	1,819	1,809	1,843
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									0
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 2								$ 2
Cumulative Number of Reported Claims | item	422,527								422,527
Incurred Impact of Adverse Development Reinsurance Agreement	$ (1)								$ (1)
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	1,816								1,816
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	1								1
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	1,810				1,808				1,810	1,808	1,803	1,794	1,772	1,736	1,669	1,205
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2010 | Europe Casualty and Financial Lines
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	1,445				1,377				1,445	1,377	1,420	1,380	1,457	1,432	1,436	1,484
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									68
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 77								$ 77
Cumulative Number of Reported Claims | item	274,310								274,310
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 1,162				1,109				$ 1,162	1,109	1,042	947	808	635	420	147
2010 | Europe Property and Special Risks
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	707				706				707	706	703	712	703	719	747	788
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									1
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 0								$ 0
Cumulative Number of Reported Claims | item	40,389								40,389
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 693				690				$ 693	690	686	672	634	584	489	187
2010 | Europe and Japan Personal Insurance
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	3,030				3,027				3,030	3,027	2,999	3,004	3,003	3,015	3,007	2,969
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									3
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 8								$ 8
Cumulative Number of Reported Claims | item	1,819,631								1,819,631
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 2,975				2,963				$ 2,975	2,963	2,944	2,909	2,852	2,741	2,497	1,703
2010 | U.S. Run-Off Long Tail Insurance Lines
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	565				611				565	611	582	585	557	534	528	640
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									(46)
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 68								$ 68
Cumulative Number of Reported Claims | item	8,490								8,490
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 464				455				$ 464	455	435	404	321	243	149	$ 57
2011 | U.S. Workers Compensation
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	3,156				3,152				3,156	3,152	3,113	3,158	3,091	2,953	2,901
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									4
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 481								$ 481
Cumulative Number of Reported Claims | item	124,657								124,657
Incurred Impact of Adverse Development Reinsurance Agreement	$ (479)								$ (479)
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	2,677								2,677
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	2								2
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	2,388				2,285				2,388	2,285	2,129	1,884	1,561	1,129	519
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2011 | U.S. Excess Casualty
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	1,623				1,606				1,623	1,606	1,521	1,416	1,581	1,807	1,766
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									17
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 350								$ 350
Cumulative Number of Reported Claims | item	3,520								3,520
Incurred Impact of Adverse Development Reinsurance Agreement	$ (256)								$ (256)
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	1,367								1,367
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	94								94
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	1,069				921				1,069	921	716	386	225	63	5
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2011 | U.S. Other Casualty
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	2,596				2,639				2,596	2,639	2,601	2,458	2,321	2,222	2,052
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									(43)
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 256								$ 256
Cumulative Number of Reported Claims | item	75,189								75,189
Incurred Impact of Adverse Development Reinsurance Agreement	$ (187)								$ (187)
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	2,409								2,409
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	69								69
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	2,220				2,048				2,220	2,048	1,822	1,488	1,109	726	235
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2011 | U.S. Financial Lines
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	1,997				1,965				1,997	1,965	1,935	1,902	1,902	1,734	1,816
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									32
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 50								$ 50
Cumulative Number of Reported Claims | item	20,048								20,048
Incurred Impact of Adverse Development Reinsurance Agreement	$ (50)								$ (50)
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	1,947								1,947
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	0								0
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	1,862				1,732				1,862	1,732	1,528	1,210	886	494	165
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2011 | U.S. Property and Special Risks
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	2,919				2,910				2,919	2,910	2,867	2,878	2,872	2,917	3,045
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									9
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 43								$ 43
Cumulative Number of Reported Claims | item	43,849								43,849
Incurred Impact of Adverse Development Reinsurance Agreement	$ (19)								$ (19)
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	2,900								2,900
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	24								24
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	2,840				2,812				2,840	2,812	2,734	2,593	2,417	1,988	880
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2011 | U.S. Personal Insurance
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	1,881				1,886				1,881	1,886	1,890	1,891	1,896	1,908	1,886
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									(5)
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 1								$ 1
Cumulative Number of Reported Claims | item	412,670								412,670
Incurred Impact of Adverse Development Reinsurance Agreement	$ (1)								$ (1)
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	1,880								1,880
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	0								0
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	1,873				1,869				1,873	1,869	1,860	1,840	1,814	1,752	1,204
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2011 | Europe Casualty and Financial Lines
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	1,597				1,554				1,597	1,554	1,552	1,465	1,426	1,352	1,414
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									43
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 83								$ 83
Cumulative Number of Reported Claims | item	264,629								264,629
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 1,224				1,108				$ 1,224	1,108	963	811	564	376	140
2011 | Europe Property and Special Risks
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	628				628				628	628	631	642	648	687	763
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									0
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 0								$ 0
Cumulative Number of Reported Claims | item	39,925								39,925
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 604				599				$ 604	599	591	581	543	444	181
2011 | Europe and Japan Personal Insurance
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	3,287				3,288				3,287	3,288	3,284	3,295	3,293	3,324	3,274
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									(1)
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 10								$ 10
Cumulative Number of Reported Claims | item	1,777,001								1,777,001
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 3,244				3,227				$ 3,244	3,227	3,198	3,134	3,022	2,787	1,987
2011 | U.S. Run-Off Long Tail Insurance Lines
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	700				685				700	685	676	641	576	542	534
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									15
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 97								$ 97
Cumulative Number of Reported Claims | item	7,798								7,798
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 549				532				$ 549	532	449	385	259	140	$ 21
2012 | U.S. Workers Compensation
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	2,308				2,334				2,308	2,334	2,260	2,286	2,194	2,382
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									(26)
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 503								$ 503
Cumulative Number of Reported Claims | item	70,625								70,625
Incurred Impact of Adverse Development Reinsurance Agreement	$ (494)								$ (494)
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	1,814								1,814
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	9								9
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	1,563				1,440				1,563	1,440	1,272	1,089	804	415
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2012 | U.S. Excess Casualty
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	1,481				1,530				1,481	1,530	1,477	1,226	1,382	1,588
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									(49)
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 371								$ 371
Cumulative Number of Reported Claims | item	3,398								3,398
Incurred Impact of Adverse Development Reinsurance Agreement	$ (323)								$ (323)
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	1,158								1,158
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	48								48
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	887				649				887	649	495	288	106	3
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2012 | U.S. Other Casualty
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	2,430				2,371				2,430	2,371	2,229	2,218	2,162	2,012
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									59
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 382								$ 382
Cumulative Number of Reported Claims | item	41,924								41,924
Incurred Impact of Adverse Development Reinsurance Agreement	$ (210)								$ (210)
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	2,220								2,220
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	172								172
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	1,882				1,690				1,882	1,690	1,395	1,048	743	413
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2012 | U.S. Financial Lines
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	1,987				1,986				1,987	1,986	1,892	1,777	1,739	1,572
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									1
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 146								$ 146
Cumulative Number of Reported Claims | item	20,090								20,090
Incurred Impact of Adverse Development Reinsurance Agreement	$ (83)								$ (83)
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	1,904								1,904
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	63								63
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	1,625				1,497				1,625	1,497	1,252	815	406	76
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2012 | U.S. Property and Special Risks
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	3,691				3,697				3,691	3,697	3,576	3,585	3,617	3,470
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									(6)
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 62								$ 62
Cumulative Number of Reported Claims | item	42,278								42,278
Incurred Impact of Adverse Development Reinsurance Agreement	$ (25)								$ (25)
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	3,666								3,666
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	37								37
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	3,565				3,456				3,565	3,456	3,273	2,978	2,410	734
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2012 | U.S. Personal Insurance
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	2,094				2,077				2,094	2,077	2,083	2,109	2,128	2,208
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									17
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 4								$ 4
Cumulative Number of Reported Claims | item	403,542								403,542
Incurred Impact of Adverse Development Reinsurance Agreement	$ (3)								$ (3)
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	2,091								2,091
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	1								1
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	2,079				2,065				2,079	2,065	2,035	1,996	1,936	1,238
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2012 | Europe Casualty and Financial Lines
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	1,232				1,263				1,232	1,263	1,222	1,150	1,193	1,224
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									(31)
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 103								$ 103
Cumulative Number of Reported Claims | item	217,887								217,887
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 897				809				$ 897	809	677	484	334	121
2012 | Europe Property and Special Risks
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	627				615				627	615	630	648	682	728
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									12
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ (2)								$ (2)
Cumulative Number of Reported Claims | item	34,457								34,457
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 580				572				$ 580	572	549	511	410	154
2012 | Europe and Japan Personal Insurance
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	2,846				2,845				2,846	2,845	2,836	2,851	2,867	2,898
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									1
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 16								$ 16
Cumulative Number of Reported Claims | item	1,729,298								1,729,298
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 2,785				2,754				$ 2,785	2,754	2,698	2,591	2,363	1,614
2012 | U.S. Run-Off Long Tail Insurance Lines
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	752				751				752	751	786	741	678	629
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									1
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 104								$ 104
Cumulative Number of Reported Claims | item	4,053								4,053
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 498				481				$ 498	481	414	286	194	$ 86
2013 | U.S. Workers Compensation
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	2,032				2,060				2,032	2,060	1,950	1,880	1,932
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									(28)
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 548								$ 548
Cumulative Number of Reported Claims | item	46,483								46,483
Incurred Impact of Adverse Development Reinsurance Agreement	$ (538)								$ (538)
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	1,494								1,494
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	10								10
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	1,214				1,067				1,214	1,067	879	619	282
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2013 | U.S. Excess Casualty
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	1,178				1,258				1,178	1,258	1,113	973	1,073
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									(80)
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 441								$ 441
Cumulative Number of Reported Claims | item	2,722								2,722
Incurred Impact of Adverse Development Reinsurance Agreement	$ (309)								$ (309)
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	869								869
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	132								132
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	546				382				546	382	204	104	15
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2013 | U.S. Other Casualty
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	2,183				2,152				2,183	2,152	1,918	1,739	1,662
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									31
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 450								$ 450
Cumulative Number of Reported Claims | item	36,699								36,699
Incurred Impact of Adverse Development Reinsurance Agreement	$ (225)								$ (225)
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	1,958								1,958
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	225								225
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	1,483				1,243				1,483	1,243	956	592	169
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2013 | U.S. Financial Lines
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	1,541				1,597				1,541	1,597	1,643	1,691	1,767
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									(56)
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 248								$ 248
Cumulative Number of Reported Claims | item	18,996								18,996
Incurred Impact of Adverse Development Reinsurance Agreement	$ (126)								$ (126)
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	1,415								1,415
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	122								122
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	1,142				945				1,142	945	686	333	43
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2013 | U.S. Property and Special Risks
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	1,949				1,926				1,949	1,926	1,859	1,972	1,975
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									23
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 74								$ 74
Cumulative Number of Reported Claims | item	41,937								41,937
Incurred Impact of Adverse Development Reinsurance Agreement	$ (38)								$ (38)
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	1,911								1,911
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	36								36
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	1,732				1,620				1,732	1,620	1,469	1,275	586
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2013 | U.S. Personal Insurance
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	1,780				1,782				1,780	1,782	1,803	1,816	1,887
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									(2)
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 7								$ 7
Cumulative Number of Reported Claims | item	334,474								334,474
Incurred Impact of Adverse Development Reinsurance Agreement	$ (6)								$ (6)
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	1,774								1,774
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	1								1
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	1,759				1,744				1,759	1,744	1,705	1,634	1,109
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2013 | Europe Casualty and Financial Lines
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	1,305				1,258				1,305	1,258	1,257	1,277	1,221
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									47
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 194								$ 194
Cumulative Number of Reported Claims | item	185,435								185,435
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 877				736				$ 877	736	543	375	105
2013 | Europe Property and Special Risks
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	842				840				842	840	842	915	914
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									2
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ (1)								$ (1)
Cumulative Number of Reported Claims | item	32,405								32,405
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 786				751				$ 786	751	700	535	193
2013 | Europe and Japan Personal Insurance
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	2,702				2,706				2,702	2,706	2,705	2,736	2,747
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									(4)
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 25								$ 25
Cumulative Number of Reported Claims | item	1,734,759								1,734,759
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 2,625				2,569				$ 2,625	2,569	2,462	2,246	1,503
2013 | U.S. Run-Off Long Tail Insurance Lines
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	528				570				528	570	589	533	482
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									(42)
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 84								$ 84
Cumulative Number of Reported Claims | item	2,510								2,510
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 368				321				$ 368	321	261	154	$ 87
2014 | U.S. Workers Compensation
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	1,862				1,866				1,862	1,866	1,764	1,729
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									(4)
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 664								$ 664
Cumulative Number of Reported Claims | item	39,408								39,408
Incurred Impact of Adverse Development Reinsurance Agreement	$ (552)								$ (552)
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	1,310								1,310
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	112								112
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	930				786				930	786	558	231
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2014 | U.S. Excess Casualty
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	1,135				1,157				1,135	1,157	968	849
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									(22)
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 583								$ 583
Cumulative Number of Reported Claims | item	2,088								2,088
Incurred Impact of Adverse Development Reinsurance Agreement	$ (355)								$ (355)
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	780								780
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	228								228
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	397				202				397	202	68	3
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2014 | U.S. Other Casualty
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	2,017				1,973				2,017	1,973	1,729	1,756
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									44
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 603								$ 603
Cumulative Number of Reported Claims | item	34,745								34,745
Incurred Impact of Adverse Development Reinsurance Agreement	$ (331)								$ (331)
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	1,686								1,686
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	272								272
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	1,157				871				1,157	871	621	210
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2014 | U.S. Financial Lines
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	1,898				1,849				1,898	1,849	1,736	1,767
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									49
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 417								$ 417
Cumulative Number of Reported Claims | item	17,249								17,249
Incurred Impact of Adverse Development Reinsurance Agreement	$ (198)								$ (198)
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	1,700								1,700
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	219								219
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	1,159				853				1,159	853	371	66
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2014 | U.S. Property and Special Risks
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	2,213				2,220				2,213	2,220	2,143	2,355
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									(7)
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 140								$ 140
Cumulative Number of Reported Claims | item	50,160								50,160
Incurred Impact of Adverse Development Reinsurance Agreement	$ (61)								$ (61)
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	2,152								2,152
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	79								79
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	1,869				1,713				1,869	1,713	1,452	745
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2014 | U.S. Personal Insurance
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	1,572				1,572				1,572	1,572	1,562	1,552
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									0
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 19								$ 19
Cumulative Number of Reported Claims | item	273,481								273,481
Incurred Impact of Adverse Development Reinsurance Agreement	$ (8)								$ (8)
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	1,564								1,564
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	11								11
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	1,507				1,463				1,507	1,463	1,380	959
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2014 | Europe Casualty and Financial Lines
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	1,303				1,302				1,303	1,302	1,267	1,280
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									1
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 340								$ 340
Cumulative Number of Reported Claims | item	175,630								175,630
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 628				494				$ 628	494	299	86
2014 | Europe Property and Special Risks
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	1,050				1,052				1,050	1,052	1,046	994
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									(2)
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 1								$ 1
Cumulative Number of Reported Claims | item	38,719								38,719
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 939				885				$ 939	885	669	220
2014 | Europe and Japan Personal Insurance
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	2,690				2,698				2,690	2,698	2,716	2,717
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									(8)
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 45								$ 45
Cumulative Number of Reported Claims | item	1,789,718								1,789,718
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 2,558				2,447				$ 2,558	2,447	2,225	1,476
2014 | U.S. Run-Off Long Tail Insurance Lines
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	459				453				459	453	475	379
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									6
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 164								$ 164
Cumulative Number of Reported Claims | item	2,307								2,307
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 233				185				$ 233	185	96	$ 21
2015 | U.S. Workers Compensation
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	1,866				1,864				1,866	1,864	1,708
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									2
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 849								$ 849
Cumulative Number of Reported Claims | item	35,059								35,059
Incurred Impact of Adverse Development Reinsurance Agreement	$ (587)								$ (587)
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	1,279								1,279
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	262								262
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	725				524				725	524	234
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2015 | U.S. Excess Casualty
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	1,320				1,334				1,320	1,334	892
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									(14)
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 602								$ 602
Cumulative Number of Reported Claims | item	1,770								1,770
Incurred Impact of Adverse Development Reinsurance Agreement	$ (425)								$ (425)
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	895								895
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	177								177
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	361				192				361	192	9
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2015 | U.S. Other Casualty
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	1,847				1,778				1,847	1,778	1,340
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									69
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 752								$ 752
Cumulative Number of Reported Claims | item	31,409								31,409
Incurred Impact of Adverse Development Reinsurance Agreement	$ (456)								$ (456)
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	1,391								1,391
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	296								296
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	783				321				783	321	111
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2015 | U.S. Financial Lines
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	1,719				1,744				1,719	1,744	1,705
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									(25)
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 665								$ 665
Cumulative Number of Reported Claims | item	15,698								15,698
Incurred Impact of Adverse Development Reinsurance Agreement	$ (313)								$ (313)
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	1,406								1,406
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	352								352
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	792				393				792	393	66
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2015 | U.S. Property and Special Risks
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	2,299				2,312				2,299	2,312	2,398
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									(13)
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 203								$ 203
Cumulative Number of Reported Claims | item	50,624								50,624
Incurred Impact of Adverse Development Reinsurance Agreement	$ (98)								$ (98)
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	2,201								2,201
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	105								105
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	1,766				1,501				1,766	1,501	820
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2015 | U.S. Personal Insurance
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	1,494				1,498				1,494	1,498	1,511
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									(4)
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 23								$ 23
Cumulative Number of Reported Claims | item	258,241								258,241
Incurred Impact of Adverse Development Reinsurance Agreement	$ (19)								$ (19)
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	1,475								1,475
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	4								4
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	1,411				1,320				1,411	1,320	931
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2015 | Europe Casualty and Financial Lines
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	1,538				1,515				1,538	1,515	1,337
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									23
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 588								$ 588
Cumulative Number of Reported Claims | item	188,348								188,348
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 486				286				$ 486	286	80
2015 | Europe Property and Special Risks
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	1,248				1,219				1,248	1,219	1,226
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									29
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 12								$ 12
Cumulative Number of Reported Claims | item	41,799								41,799
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 1,005				778				$ 1,005	778	290
2015 | Europe and Japan Personal Insurance
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	2,746				2,756				2,746	2,756	2,795
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									(10)
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 92								$ 92
Cumulative Number of Reported Claims | item	1,762,514								1,762,514
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 2,493				2,270				$ 2,493	2,270	1,501
2015 | U.S. Run-Off Long Tail Insurance Lines
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	550				523				550	523	439
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									27
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 174								$ 174
Cumulative Number of Reported Claims | item	2,285								2,285
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 238				132				$ 238	132	$ 35
2016 | U.S. Workers Compensation
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	1,346				1,299				1,346	1,299
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									47
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 773								$ 773
Cumulative Number of Reported Claims | item	28,880								28,880
Incurred Impact of Adverse Development Reinsurance Agreement	$ 0								$ 0
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	1,346								1,346
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	773								773
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	378				147				378	147
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2016 | U.S. Excess Casualty
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	1,029				790				1,029	790
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									239
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 870								$ 870
Cumulative Number of Reported Claims | item	1,061								1,061
Incurred Impact of Adverse Development Reinsurance Agreement	$ 0								$ 0
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	1,029								1,029
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	870								870
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	66				14				66	14
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2016 | U.S. Other Casualty
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	1,352				1,348				1,352	1,348
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									4
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 853								$ 853
Cumulative Number of Reported Claims | item	23,868								23,868
Incurred Impact of Adverse Development Reinsurance Agreement	$ 0								$ 0
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	1,352								1,352
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	853								853
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	299				77				299	77
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2016 | U.S. Financial Lines
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	1,841				1,593				1,841	1,593
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									248
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 1,036								$ 1,036
Cumulative Number of Reported Claims | item	15,386								15,386
Incurred Impact of Adverse Development Reinsurance Agreement	$ 0								$ 0
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	1,841								1,841
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	1,036								1,036
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	500				76				500	76
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2016 | U.S. Property and Special Risks
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	2,580				2,516				2,580	2,516
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									64
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 402								$ 402
Cumulative Number of Reported Claims | item	45,583								45,583
Incurred Impact of Adverse Development Reinsurance Agreement	$ 0								$ 0
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	2,580								2,580
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	402								402
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	1,689				799				1,689	799
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2016 | U.S. Personal Insurance
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	1,533				1,536				1,533	1,536
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									(3)
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 73								$ 73
Cumulative Number of Reported Claims | item	240,892								240,892
Incurred Impact of Adverse Development Reinsurance Agreement	$ 0								$ 0
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	1,533								1,533
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	73								73
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	1,344				857				1,344	857
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2016 | Europe Casualty and Financial Lines
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	1,716				1,563				1,716	1,563
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									153
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 724								$ 724
Cumulative Number of Reported Claims | item	221,122								221,122
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 426				140				$ 426	140
2016 | Europe Property and Special Risks
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	1,239				1,118				1,239	1,118
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									121
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 24								$ 24
Cumulative Number of Reported Claims | item	40,629								40,629
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 894				300				$ 894	300
2016 | Europe and Japan Personal Insurance
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	2,692				2,734				2,692	2,734
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									(42)
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 194								$ 194
Cumulative Number of Reported Claims | item	1,762,768								1,762,768
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 2,231				1,500				$ 2,231	1,500
2016 | U.S. Run-Off Long Tail Insurance Lines
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	285				294				285	294
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement									(9)
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 98								$ 98
Cumulative Number of Reported Claims | item	1,591								1,591
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 140				$ 53				$ 140	$ 53
2017 | U.S. Workers Compensation
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	789								789
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 577								$ 577
Cumulative Number of Reported Claims | item	22,523								22,523
Incurred Impact of Adverse Development Reinsurance Agreement	$ 0								$ 0
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	789								789
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	577								577
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	93								93
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2017 | U.S. Excess Casualty
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	758								758
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 725								$ 725
Cumulative Number of Reported Claims | item	376								376
Incurred Impact of Adverse Development Reinsurance Agreement	$ 0								$ 0
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	758								758
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	725								725
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	1								1
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2017 | U.S. Other Casualty
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	616								616
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 487								$ 487
Cumulative Number of Reported Claims | item	15,172								15,172
Incurred Impact of Adverse Development Reinsurance Agreement	$ 0								$ 0
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	616								616
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	487								487
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	51								51
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2017 | U.S. Financial Lines
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	1,560								1,560
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 1,369								$ 1,369
Cumulative Number of Reported Claims | item	13,428								13,428
Incurred Impact of Adverse Development Reinsurance Agreement	$ 0								$ 0
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	1,560								1,560
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	1,369								1,369
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	66								66
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2017 | U.S. Property and Special Risks
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	4,085								4,085
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 1,331								$ 1,331
Cumulative Number of Reported Claims | item	29,709								29,709
Incurred Impact of Adverse Development Reinsurance Agreement	$ 0								$ 0
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	4,085								4,085
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	1,331								1,331
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	954								954
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2017 | U.S. Personal Insurance
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	2,028								2,028
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 571								$ 571
Cumulative Number of Reported Claims | item	185,198								185,198
Incurred Impact of Adverse Development Reinsurance Agreement	$ 0								$ 0
2017 (Net of Impact of Adverse Development Reinsurance Agreement)	2,028								2,028
Total of IBNR Liabilities Net of Impact Adverse Development Reinsurance Agreement	571								571
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	941								941
Paid Impact of Adverse Development Reinsurance Agreement	0								0
2017 | Europe Casualty and Financial Lines
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	1,587								1,587
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 1,214								$ 1,214
Cumulative Number of Reported Claims | item	204,712								204,712
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 113								$ 113
2017 | Europe Property and Special Risks
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	1,377								1,377
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 390								$ 390
Cumulative Number of Reported Claims | item	29,313								29,313
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 236								$ 236
2017 | Europe and Japan Personal Insurance
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	2,659								2,659
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 549								$ 549
Cumulative Number of Reported Claims | item	1,502,118								1,502,118
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 1,465								$ 1,465
2017 | U.S. Run-Off Long Tail Insurance Lines
Claims Development [Line Items]
Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance	197								197
Total of IBNR Liabilities Plus Expected Development on Reported Losses	$ 163								$ 163
Cumulative Number of Reported Claims | item	607								607
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	$ 13								$ 13
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement | U.S. Workers Compensation
Claims Development [Line Items]
Total	(29)								(29)
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	0								0
Liabilities for losses and loss adjustment expenses and prior year development before 2008, net of reinsurance	4								4
Unallocated Loss Adjustment Expense Prior Year Development	(6)								(6)
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance	(31)								(31)
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement | U.S. Excess Casualty
Claims Development [Line Items]
Total	105								105
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	0								0
Liabilities for losses and loss adjustment expenses and prior year development before 2008, net of reinsurance	141								141
Unallocated Loss Adjustment Expense Prior Year Development	8								8
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance	254								254
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement | U.S. Other Casualty
Claims Development [Line Items]
Total	129								129
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	0								0
Liabilities for losses and loss adjustment expenses and prior year development before 2008, net of reinsurance	10								10
Unallocated Loss Adjustment Expense Prior Year Development	77								77
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance	216								216
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement | U.S. Financial Lines
Claims Development [Line Items]
Total	323								323
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	0								0
Liabilities for losses and loss adjustment expenses and prior year development before 2008, net of reinsurance	(44)								(44)
Unallocated Loss Adjustment Expense Prior Year Development	66								66
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance	345								345
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement | U.S. Property and Special Risks
Claims Development [Line Items]
Total	83								83
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	0								0
Liabilities for losses and loss adjustment expenses and prior year development before 2008, net of reinsurance	12								12
Unallocated Loss Adjustment Expense Prior Year Development	20								20
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance	115								115
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement | U.S. Personal Insurance
Claims Development [Line Items]
Total	11								11
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	0								0
Liabilities for losses and loss adjustment expenses and prior year development before 2008, net of reinsurance	5								5
Unallocated Loss Adjustment Expense Prior Year Development	0								0
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance	16								16
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement | Europe Casualty and Financial Lines
Claims Development [Line Items]
Total	338								338
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	0								0
Liabilities for losses and loss adjustment expenses and prior year development before 2008, net of reinsurance	169								169
Unallocated Loss Adjustment Expense Prior Year Development	0								0
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance	507								507
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement | Europe Property and Special Risks
Claims Development [Line Items]
Total	162								162
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	0								0
Liabilities for losses and loss adjustment expenses and prior year development before 2008, net of reinsurance	(5)								(5)
Unallocated Loss Adjustment Expense Prior Year Development	0								0
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance	157								157
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement | Europe and Japan Personal Insurance
Claims Development [Line Items]
Total	(59)								(59)
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	0								0
Liabilities for losses and loss adjustment expenses and prior year development before 2008, net of reinsurance	1								1
Unallocated Loss Adjustment Expense Prior Year Development	0								0
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance	(58)								(58)
2017 Prior Year Development Excluding the Impact of Adverse Development Reinsurance Agreement | U.S. Run-Off Long Tail Insurance Lines
Claims Development [Line Items]
Total	(50)								(50)
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	0								0
Liabilities for losses and loss adjustment expenses and prior year development before 2008, net of reinsurance	(46)								(46)
Unallocated Loss Adjustment Expense Prior Year Development	66								66
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance	(30)								(30)
Incurred Impact of Adverse Development Reinsurance Agreement | U.S. Workers Compensation
Claims Development [Line Items]
Total	(3,931)								(3,931)
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	0								0
Liabilities for losses and loss adjustment expenses and prior year development before 2008, net of reinsurance	(1,616)								(1,616)
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance	(5,547)								(5,547)
Incurred Impact of Adverse Development Reinsurance Agreement | U.S. Excess Casualty
Claims Development [Line Items]
Total	(2,273)								(2,273)
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	0								0
Liabilities for losses and loss adjustment expenses and prior year development before 2008, net of reinsurance	(864)								(864)
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance	(3,137)								(3,137)
Incurred Impact of Adverse Development Reinsurance Agreement | U.S. Other Casualty
Claims Development [Line Items]
Total	(1,789)								(1,789)
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	0								0
Liabilities for losses and loss adjustment expenses and prior year development before 2008, net of reinsurance	(512)								(512)
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance	(2,301)								(2,301)
Incurred Impact of Adverse Development Reinsurance Agreement | U.S. Financial Lines
Claims Development [Line Items]
Total	(848)								(848)
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	0								0
Liabilities for losses and loss adjustment expenses and prior year development before 2008, net of reinsurance	(21)								(21)
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance	(869)								(869)
Incurred Impact of Adverse Development Reinsurance Agreement | U.S. Property and Special Risks
Claims Development [Line Items]
Total	(286)								(286)
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	0								0
Liabilities for losses and loss adjustment expenses and prior year development before 2008, net of reinsurance	(65)								(65)
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance	(351)								(351)
Incurred Impact of Adverse Development Reinsurance Agreement | U.S. Personal Insurance
Claims Development [Line Items]
Total	(39)								(39)
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	0								0
Liabilities for losses and loss adjustment expenses and prior year development before 2008, net of reinsurance	(1)								(1)
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance	(40)								(40)
2017 (Net of Impact of Adverse Development Reinsurance Agreement) | U.S. Workers Compensation
Claims Development [Line Items]
Total	20,945								20,945
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	(16,580)								(16,580)
Liabilities for losses and loss adjustment expenses and prior year development before 2008, net of reinsurance	2,251								2,251
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance	6,616								6,616
2017 (Net of Impact of Adverse Development Reinsurance Agreement) | U.S. Excess Casualty
Claims Development [Line Items]
Total	11,137								11,137
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	(7,120)								(7,120)
Liabilities for losses and loss adjustment expenses and prior year development before 2008, net of reinsurance	785								785
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance	4,802								4,802
2017 (Net of Impact of Adverse Development Reinsurance Agreement) | U.S. Other Casualty
Claims Development [Line Items]
Total	19,776								19,776
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	(15,521)								(15,521)
Liabilities for losses and loss adjustment expenses and prior year development before 2008, net of reinsurance	894								894
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance	5,149								5,149
2017 (Net of Impact of Adverse Development Reinsurance Agreement) | U.S. Financial Lines
Claims Development [Line Items]
Total	17,652								17,652
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	(12,615)								(12,615)
Liabilities for losses and loss adjustment expenses and prior year development before 2008, net of reinsurance	67								67
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance	5,104								5,104
2017 (Net of Impact of Adverse Development Reinsurance Agreement) | U.S. Property and Special Risks
Claims Development [Line Items]
Total	26,746								26,746
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	(21,589)								(21,589)
Liabilities for losses and loss adjustment expenses and prior year development before 2008, net of reinsurance	253								253
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance	5,410								5,410
2017 (Net of Impact of Adverse Development Reinsurance Agreement) | U.S. Personal Insurance
Claims Development [Line Items]
Total	17,499								17,499
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	(16,053)								(16,053)
Liabilities for losses and loss adjustment expenses and prior year development before 2008, net of reinsurance	(66)								(66)
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance	1,380								1,380
Paid Impact of Adverse Development Reinsurance Agreement | U.S. Workers Compensation
Claims Development [Line Items]
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	0								0
Paid Impact of Adverse Development Reinsurance Agreement | U.S. Excess Casualty
Claims Development [Line Items]
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	0								0
Paid Impact of Adverse Development Reinsurance Agreement | U.S. Other Casualty
Claims Development [Line Items]
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	0								0
Paid Impact of Adverse Development Reinsurance Agreement | U.S. Financial Lines
Claims Development [Line Items]
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	0								0
Paid Impact of Adverse Development Reinsurance Agreement | U.S. Property and Special Risks
Claims Development [Line Items]
Paid Impact of Adverse Development Reinsurance Agreement	0								0
Paid Impact of Adverse Development Reinsurance Agreement | U.S. Personal Insurance
Claims Development [Line Items]
Paid Impact of Adverse Development Reinsurance Agreement	$ 0								$ 0

INSURANCE LIABILITIES (Detai118

INSURANCE LIABILITIES (Details - Annual Percentage Claims Payout)	Dec. 31, 2017
U.S. Workers Compensation
Shortduration Insurance Contracts Historical Claims Duration [Line Items]
Year 1	14.70%
Year 2	17.60%
Year 3	12.40%
Year 4	9.10%
Year 5	7.70%
Year 6	5.30%
Year 7	4.10%
Year 8	3.00%
Year 9	2.20%
Year 10	1.80%
U.S. Excess Casualty
Shortduration Insurance Contracts Historical Claims Duration [Line Items]
Year 1	0.60%
Year 2	7.00%
Year 3	13.00%
Year 4	13.40%
Year 5	12.50%
Year 6	11.00%
Year 7	8.40%
Year 8	10.00%
Year 9	2.80%
Year 10	8.30%
U.S. Other Casualty
Shortduration Insurance Contracts Historical Claims Duration [Line Items]
Year 1	9.90%
Year 2	16.30%
Year 3	15.40%
Year 4	14.50%
Year 5	11.80%
Year 6	8.20%
Year 7	5.90%
Year 8	5.60%
Year 9	2.60%
Year 10	1.90%
U.S. Financial Lines
Shortduration Insurance Contracts Historical Claims Duration [Line Items]
Year 1	4.00%
Year 2	17.90%
Year 3	21.10%
Year 4	16.70%
Year 5	13.20%
Year 6	9.30%
Year 7	6.10%
Year 8	6.00%
Year 9	3.00%
Year 10	1.20%
U.S. Property and Special Risks
Shortduration Insurance Contracts Historical Claims Duration [Line Items]
Year 1	30.20%
Year 2	35.70%
Year 3	13.00%
Year 4	7.20%
Year 5	4.60%
Year 6	2.50%
Year 7	1.00%
Year 8	0.90%
Year 9	0.70%
Year 10	0.30%
U.S. Personal Insurance
Shortduration Insurance Contracts Historical Claims Duration [Line Items]
Year 1	61.40%
Year 2	27.60%
Year 3	3.80%
Year 4	2.20%
Year 5	1.20%
Year 6	0.60%
Year 7	0.40%
Year 8	0.20%
Year 9	0.10%
Year 10	0.20%
Europe Casualty and Financial Lines
Shortduration Insurance Contracts Historical Claims Duration [Line Items]
Year 1	7.90%
Year 2	17.00%
Year 3	13.70%
Year 4	13.70%
Year 5	9.80%
Year 6	7.50%
Year 7	6.30%
Year 8	4.60%
Year 9	5.00%
Year 10	1.00%
Europe and Japan Personal Insurance
Shortduration Insurance Contracts Historical Claims Duration [Line Items]
Year 1	24.00%
Year 2	41.60%
Year 3	17.20%
Year 4	6.30%
Year 5	4.00%
Year 6	1.50%
Year 7	1.00%
Year 8	0.20%
Year 9	0.20%
Year 10	0.20%
Europe Property and Special Risks
Shortduration Insurance Contracts Historical Claims Duration [Line Items]
Year 1	56.00%
Year 2	26.90%
Year 3	8.00%
Year 4	3.80%
Year 5	2.00%
Year 6	1.10%
Year 7	0.60%
Year 8	0.30%
Year 9	0.30%
Year 10	0.10%
U.S. Run-Off Long Tail Insurance Lines
Shortduration Insurance Contracts Historical Claims Duration [Line Items]
Year 1	9.80%
Year 2	18.30%
Year 3	16.90%
Year 4	12.50%
Year 5	10.70%
Year 6	6.70%
Year 7	4.00%
Year 8	3.10%
Year 9	1.90%
Year 10	2.00%

INSURANCE LIABILITIES (Detai119

INSURANCE LIABILITIES (Details - Narratives) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Insurance Liabilities Disclosure [Line Items]
Gross Loss Reserves Before Reinsurance and Discount Net of Subrogation	$ 12,600				$ 12,800				$ 12,600	$ 12,800
Collateral Held For Deductible Recoverable Amounts	9,500				9,700				9,500	9,700
Total prior year (favourable) unfavorable development	212	$ 901	$ 391	$ 61	5,574	$ 273	$ 7	$ (66)
Liability for Claims and Claims Adjustment Expense	78,393				77,077				78,393	77,077	$ 74,942	$ 77,260
Net liability for unpaid losses and loss adjustment expenses as presented in the disaggregated tables below (Last 10 Years)	51,685				61,545				51,685	61,545	60,603	$ 61,612
Discounting Of Loss Reserves [Abstract]
Loss Reserve Discount	1,844				3,570				1,844	$ 3,570
Tabular Discount Rate										3.50%
Workers Compensation Tabular Discount Amount	622								622
Workers Compensation Non Tabular Discount Amount	1,222								1,222
(Increase) Decrease in Loss Reserve Discount									(187)	$ 422	71
Effective Interest Rates
Discounting Of Loss Reserves [Abstract]
(Increase) Decrease in Loss Reserve Discount									71	106	(225)
U.S. Workers Compensation
Insurance Liabilities Disclosure [Line Items]
Total prior year (favourable) unfavorable development									(31)	1,900	234
Discounting Of Loss Reserves [Abstract]
(Increase) Decrease in Loss Reserve Discount									(1,657)
U.S. Workers Compensation | Risk sharing programs
Insurance Liabilities Disclosure [Line Items]
Actual loss emergence and development coverage in excess of large deductibles										1
U.S. Workers Compensation | Florida Court Ruling
Insurance Liabilities Disclosure [Line Items]
Increase (Decrease) in loss reserves, net										100
U.S. Workers Compensation | US and Non US Military Program
Insurance Liabilities Disclosure [Line Items]
Total prior year (favourable) unfavorable development											100
U.S. Workers Compensation | Ultimate Losses
Insurance Liabilities Disclosure [Line Items]
Total prior year (favourable) unfavorable development										440
U.S. Excess Casualty
Insurance Liabilities Disclosure [Line Items]
Total prior year (favourable) unfavorable development									254	1,100	1,400
Analysis of loss reserves using traditional loss development and expected loss ratio methods									10
Analysis of Loss reserves for expected losses above threshold									10
U.S. Excess Casualty | Commercial Auto Liability
Insurance Liabilities Disclosure [Line Items]
Total prior year (favourable) unfavorable development										250	411
U.S. Excess Casualty | Bad-Faith claims
Insurance Liabilities Disclosure [Line Items]
Liability for Claims and Claims Adjustment Expense											120
U.S. Other Casualty
Insurance Liabilities Disclosure [Line Items]
Total prior year (favourable) unfavorable development									216	1,600	1,400
U.S. Other Casualty | Commercial Auto Liability
Insurance Liabilities Disclosure [Line Items]
Total prior year (favourable) unfavorable development									42	352	105
U.S. Other Casualty | General Liability
Insurance Liabilities Disclosure [Line Items]
Total prior year (favourable) unfavorable development									330	754	172
U.S. Other Casualty | Medical Malpractice
Insurance Liabilities Disclosure [Line Items]
Total prior year (favourable) unfavorable development									(23)	428	202
U.S. Other Casualty | Other Product Lines
Insurance Liabilities Disclosure [Line Items]
Total prior year (favourable) unfavorable development									(133)	50	514
U.S. Other Casualty | Ultimate loss Expense Estimate
Insurance Liabilities Disclosure [Line Items]
Total prior year (favourable) unfavorable development											214
U.S. Other Casualty | General Liability Ultimate loss Expense Estimate
Insurance Liabilities Disclosure [Line Items]
Total prior year (favourable) unfavorable development											100
U.S. Financial Lines
Insurance Liabilities Disclosure [Line Items]
Total prior year (favourable) unfavorable development									345	306	502
U.S. Property and Special Risks
Insurance Liabilities Disclosure [Line Items]
Total prior year (favourable) unfavorable development									115	396	(132)
U.S. Property and Special Risks | U.S. program business
Insurance Liabilities Disclosure [Line Items]
Total prior year (favourable) unfavorable development										350
U.S. Personal Insurance
Insurance Liabilities Disclosure [Line Items]
Total prior year (favourable) unfavorable development									16	(32)	(69)
Europe Casualty and Financial Lines
Insurance Liabilities Disclosure [Line Items]
Total prior year (favourable) unfavorable development									507	320	142
Europe Casualty and Financial Lines | Europe Casualty Lines
Insurance Liabilities Disclosure [Line Items]
Total prior year (favourable) unfavorable development										123
Europe Casualty and Financial Lines | D&O line UK and Continental Europe
Insurance Liabilities Disclosure [Line Items]
Total prior year (favourable) unfavorable development										232
Europe Property and Special Risks
Insurance Liabilities Disclosure [Line Items]
Total prior year (favourable) unfavorable development									157	11	4
Europe and Japan Personal Insurance
Insurance Liabilities Disclosure [Line Items]
Total prior year (favourable) unfavorable development									(58)	(82)	15
U.S. Run-Off Long Tail Insurance Lines
Insurance Liabilities Disclosure [Line Items]
Total prior year (favourable) unfavorable development									(30)	390
U.S. Run-Off Long Tail Insurance Lines | Asbestos
Insurance Liabilities Disclosure [Line Items]
Total prior year (favourable) unfavorable development									(37)
Increase (Decrease) in loss reserves, gross										106	13
Increase (Decrease) in loss reserves, net										(20)	164
U.S. Run-Off Long Tail Insurance Lines | Asbestos | NICO
Insurance Liabilities Disclosure [Line Items]
Increase (Decrease) in loss reserves, gross									50
Increase (Decrease) in loss reserves, net									0
U.S. Run-Off Long Tail Insurance Lines | Environmental
Insurance Liabilities Disclosure [Line Items]
Total prior year (favourable) unfavorable development									22
Increase (Decrease) in loss reserves, gross										211	214
Increase (Decrease) in loss reserves, net											117
U.S. Run-Off Long Tail Insurance Lines | Run-off excess workers compensation lines
Insurance Liabilities Disclosure [Line Items]
Total prior year (favourable) unfavorable development									0	0	0
U.S. Run-Off Long Tail Insurance Lines | Other Casualty Run-Off
Insurance Liabilities Disclosure [Line Items]
Total prior year (favourable) unfavorable development									(15)	190	636
Legacy General Insrance Run-Off Lines
Discounting Of Loss Reserves [Abstract]
Loss Reserve Discount	$ 918				$ 987				918	987
(Increase) Decrease in Loss Reserve Discount									$ (69)	$ 16	$ 3

INSURANCE LIABILITIES (Detai120

INSURANCE LIABILITIES (Details - Discounting of Reserves) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Discounting of Reserves [Line Items]
Tabular Discount Rate		3.50%
Workers Compensation Tabular Discount Amount	$ 622
Workers Compensation Non Tabular Discount Amount	1,222
U.S. Workers' compensation	3,383	$ 3,570
Retroactive Reinsurance	(1,539)	0
Total reserve discount	1,844	3,570
Current accident year	114	177	$ 182
Accretion and other adjustments to prior year discount	(230)	351	(336)
Effect of interest rate changes	(71)	(106)	225
Net reserve discount (benefit) charge	(187)	422	71
Amount transferred to run-off insurance lines	0	0	0
Change in discount on loss reserves ceded under retroactive reinsurance	(1,539)	0	0
Net change in total reserve discount	(1,726)	422	71
U.S Workers' compensation	(1,726)	429	75
Asbestos	0	(7)	(4)
North America Commerical Insurance
Discounting of Reserves [Line Items]
U.S. Workers' compensation	2,465	2,583
Retroactive Reinsurance	(1,539)	0
Total reserve discount	926	2,583
Current accident year	114	177	182
Accretion and other adjustments to prior year discount	(186)	287	(262)
Effect of interest rate changes	(46)	(58)	148
Net reserve discount (benefit) charge	(118)	406	68
Amount transferred to run-off insurance lines	0	0	(39)
Change in discount on loss reserves ceded under retroactive reinsurance	(1,539)	0	0
Net change in total reserve discount	(1,657)	406	29
U.S Workers' compensation	(1,657)	406	29
Asbestos	0	0	0
Legacy General Insrance Run-Off Lines
Discounting of Reserves [Line Items]
U.S. Workers' compensation	918	987
Retroactive Reinsurance	0	0
Total reserve discount	918	987
Current accident year	0	0	0
Accretion and other adjustments to prior year discount	(44)	64	(74)
Effect of interest rate changes	(25)	(48)	77
Net reserve discount (benefit) charge	(69)	16	3
Amount transferred to run-off insurance lines	0	0	39
Change in discount on loss reserves ceded under retroactive reinsurance	0	0	0
Net change in total reserve discount	(69)	16	42
U.S Workers' compensation	(69)	23	46
Asbestos	$ 0	(7)	$ (4)
New York
Discounting of Reserves [Line Items]
Nontabular discount rate	5.00%
Pennsylvania | Accident Year 2001 And prior
Discounting of Reserves [Line Items]
Nontabular discount rate	6.00%
United Kingdom
Discounting of Reserves [Line Items]
Total reserve discount	$ 173	181
Net change in total reserve discount	$ 8	$ 20

INSURANCE LIABILITIES (Detai121

INSURANCE LIABILITIES (Details - Future Policy Benefits) - Life insurance	Dec. 31, 2017
Maximum
Assumptions for liability for future life policy benefits
Liability for Future Policy Benefits, Interest Rate	14.00%
Minimum
Assumptions for liability for future life policy benefits
Liability for Future Policy Benefits, Interest Rate	0.10%

INSURANCE LIABILITIES (Detai122

INSURANCE LIABILITIES (Details - Policyholder contract deposits) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Policyholder Contract Deposits [Line Items]
Total policyholder contract deposits	$ 135,602	$ 132,216
Assumptions for liability for policyholder contract deposits
Percentage of gross insurance in force	1.90%
Percentage of gross premiums and other consideration	1.80%
Maximum
Assumptions for liability for policyholder contract deposits
Withdrawal charges, high end of range (as a percent)		9.00%
Minimum
Assumptions for liability for policyholder contract deposits
Withdrawal charges, low end of range (as a percent)		0.20%
Fixed Annuities
Policyholder Contract Deposits [Line Items]
Total policyholder contract deposits	$ 49,979	$ 51,278
Group Retirement
Policyholder Contract Deposits [Line Items]
Total policyholder contract deposits	40,422	39,578
Life insurance
Policyholder Contract Deposits [Line Items]
Total policyholder contract deposits	12,448	11,855
Variable and Index Annuities
Policyholder Contract Deposits [Line Items]
Total policyholder contract deposits	19,690	16,934
Institutional Markets
Policyholder Contract Deposits [Line Items]
Total policyholder contract deposits	8,077	7,286
Legacy Portfolio
Policyholder Contract Deposits [Line Items]
Total policyholder contract deposits	$ 4,986	$ 5,285

VARIABLE LIFE AND ANNUITY CO123

VARIABLE LIFE AND ANNUITY CONTRACTS (Details - Annuity contracts with guarantees were invested in separate account investment options) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]
Account balances of variable annuity contract, Total	$ 84,773	$ 76,269
Equity Funds
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]
Account balances of variable annuity contract, Total	48,594	42,266
Bonds Funds
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]
Account balances of variable annuity contract, Total	7,793	7,798
Balanced Funds
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]
Account balances of variable annuity contract, Total	27,656	25,365
Money Market Funds
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]
Account balances of variable annuity contract, Total	$ 730	$ 840

VARIABLE LIFE AND ANNUITY CO124

VARIABLE LIFE AND ANNUITY CONTRACTS (Details - GMDB, GMIB, GMWB and GMAV) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Assumptions and methodology used to determine the GMDB liability
Fair value of embedded derivatives, liability	$ 3,748	$ 4,802
Embedded derivatives
Assumptions and methodology used to determine the GMDB liability
Fair value of embedded derivatives, liability	4,100	3,100
Guaranteed minimum death benefits (GMDB)
Changes in GMDB for guarantees on variable contracts reflected in the general account
Balance at the beginning of the period	402	491	$ 420
Benefits paid	(42)	(57)	(56)
Reserve increase (decrease)	(14)	(32)	127
Changes in reserves related to unrealized appreciation of investments	6	0	0
Balance at the end of the period	352	402	$ 491
Guaranteed minimum account value benefits (GMAB) and Guaranteed minimum withdrawal benefits (GMWB)
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Account value	45,000	41,000
Net amount at risk	450	834
Guaranteed minimum account value benefits (GMAB) and Guaranteed minimum withdrawal benefits (GMWB) | Embedded derivatives
Assumptions and methodology used to determine the GMDB liability
Fair value of embedded derivatives, liability	2,000	1,800
Variable contract, net deposits plus a minimum return | Guaranteed minimum death benefits (GMDB)
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Account value	99	91
Net amount at risk	$ 1	$ 1
Average attained age of contract holders by product	63 years	63 years
Variable contract, net deposits plus a minimum return | Guaranteed minimum death benefits (GMDB) | Minimum
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Range of guaranteed minimum return rates (as a percent)	0.00%	0.00%
Variable annuity contract, highest contract value attained | Guaranteed minimum death benefits (GMDB)
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Account value	$ 17	$ 16
Net amount at risk	$ 0	$ 1
Average attained age of contract holders by product	68 years	68 years
Variable annuity contract, highest contract value attained | Guaranteed minimum death benefits (GMDB) | Maximum
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Range of guaranteed minimum return rates (as a percent)	4.50%	4.50%

DEBT (Details - Total debt outs

DEBT (Details - Total debt outstanding) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Long-term Debt	$ 31,640	$ 30,912
Maturities of long-term debt, excluding borrowings of consolidated investments
Total	31,640	30,912
2,018	2,285
2,019	1,263
2,020	1,488
2,021	1,917
2,022	1,554
Thereafter	17,104
Long-term debt excluding borrowings of consolidated investments	25,611
Uncollateralized and collateralized notes, bonds, loans and mortgages payable	524
Collateral posted	2,900	4,500
Uncollateralized Notes/Bonds/Loans Payable
Debt Instrument [Line Items]
Long-term Debt	334
Maturities of long-term debt, excluding borrowings of consolidated investments
Total	334
Collateralized Loans and Mortgages Payable
Debt Instrument [Line Items]
Long-term Debt	190
Maturities of long-term debt, excluding borrowings of consolidated investments
Total	190
AIGLH
Debt Instrument [Line Items]
Long-term Debt	642	642
Maturities of long-term debt, excluding borrowings of consolidated investments
Total	642	642
AIG
Debt Instrument [Line Items]
Long-term Debt	21,557	21,405
Maturities of long-term debt, excluding borrowings of consolidated investments
Total	21,557	21,405
AIG | Series AIGFP
Debt Instrument [Line Items]
Long-term Debt	21	31
Maturities of long-term debt, excluding borrowings of consolidated investments
Total	21	31
AIG | MIP
Debt Instrument [Line Items]
Long-term Debt	356	1,099
Maturities of long-term debt, excluding borrowings of consolidated investments
Total	356	1,099
Other Subsidiaries
Debt Instrument [Line Items]
Long-term Debt	9,441	8,865
Maturities of long-term debt, excluding borrowings of consolidated investments
Total	9,441	8,865
Notes and bonds payable | AIG
Debt Instrument [Line Items]
Long-term Debt	20,339	19,432
Maturities of long-term debt, excluding borrowings of consolidated investments
Total	20,339	19,432
Junior subordinated debt | AIG
Debt Instrument [Line Items]
Long-term Debt	841	843
Maturities of long-term debt, excluding borrowings of consolidated investments
Total	841	843
Other subsidiaries notes, bonds, loans and mortgages payable
Debt Instrument [Line Items]
Long-term Debt	190
Maturities of long-term debt, excluding borrowings of consolidated investments
Total	190
2,018	190
2,019	0
2,020	0
2,021	0
2,022	0
Thereafter	0
Other subsidiaries notes, bonds, loans and mortgages payable | Other Subsidiaries
Maturities of long-term debt, excluding borrowings of consolidated investments
Uncollateralized and collateralized notes, bonds, loans and mortgages payable	190
Other subsidiaries notes, bonds, loans and mortgages payable | Other Subsidiaries | Uncollateralized Notes/Bonds/Loans Payable
Debt Instrument [Line Items]
Long-term Debt	0
Maturities of long-term debt, excluding borrowings of consolidated investments
Total	0
Other subsidiaries notes, bonds, loans and mortgages payable | Other Subsidiaries | Collateralized Loans and Mortgages Payable
Debt Instrument [Line Items]
Long-term Debt	190
Maturities of long-term debt, excluding borrowings of consolidated investments
Total	190
Debt issued or guaranteed
Debt Instrument [Line Items]
Long-term Debt	25,421	25,806
Maturities of long-term debt, excluding borrowings of consolidated investments
Total	25,421	25,806
2,018	2,095
2,019	1,263
2,020	1,488
2,021	1,917
2,022	1,554
Thereafter	17,104
Uncollateralized Notes/Bonds/Loans Payable
Debt Instrument [Line Items]
Long-term Debt	22,156	21,247
Maturities of long-term debt, excluding borrowings of consolidated investments
Total	22,156	21,247
2,018	1,107
2,019	998
2,020	1,458
2,021	1,715
2,022	1,507
Thereafter	15,371
Uncollateralized Notes/Bonds/Loans Payable | AIG
Maturities of long-term debt, excluding borrowings of consolidated investments
Uncollateralized and collateralized notes, bonds, loans and mortgages payable	334
Uncollateralized Notes/Bonds/Loans Payable | AIG | Uncollateralized Notes/Bonds/Loans Payable
Debt Instrument [Line Items]
Long-term Debt	334
Maturities of long-term debt, excluding borrowings of consolidated investments
Total	334
Uncollateralized Notes/Bonds/Loans Payable | AIG | Collateralized Loans and Mortgages Payable
Debt Instrument [Line Items]
Long-term Debt	0
Maturities of long-term debt, excluding borrowings of consolidated investments
Total	0
Uncollateralized Notes/Bonds/Loans Payable | Notes and bonds payable
Debt Instrument [Line Items]
Long-term Debt	$ 20,339	19,432
Debt Instrument, Maturity, Start year	2,018
Debt Instrument, Maturity, End Year	2,097
Maturities of long-term debt, excluding borrowings of consolidated investments
Total	$ 20,339	19,432
2,018	1,107
2,019	998
2,020	1,343
2,021	1,496
2,022	1,507
Thereafter	$ 13,888
Uncollateralized Notes/Bonds/Loans Payable | Notes and bonds payable | Maximum
Debt Instrument [Line Items]
Interest rate (as a percent)	8.13%
Uncollateralized Notes/Bonds/Loans Payable | Notes and bonds payable | Minimum
Debt Instrument [Line Items]
Interest rate (as a percent)	0.00%
Uncollateralized Notes/Bonds/Loans Payable | Notes and bonds payable | AIGLH
Debt Instrument [Line Items]
Long-term Debt	$ 281	281
Debt Instrument, Maturity, Start year	2,025
Debt Instrument, Maturity, End Year	2,029
Maturities of long-term debt, excluding borrowings of consolidated investments
Total	$ 281	281
Thereafter	$ 281
Uncollateralized Notes/Bonds/Loans Payable | Notes and bonds payable | AIGLH | Maximum
Debt Instrument [Line Items]
Interest rate (as a percent)	7.50%
Uncollateralized Notes/Bonds/Loans Payable | Notes and bonds payable | AIGLH | Minimum
Debt Instrument [Line Items]
Interest rate (as a percent)	6.63%
Uncollateralized Notes/Bonds/Loans Payable | Subordinated debt
Debt Instrument [Line Items]
Long-term Debt	$ 0	0
Maturities of long-term debt, excluding borrowings of consolidated investments
Total	0	0
2,018	0
2,019	0
Uncollateralized Notes/Bonds/Loans Payable | Junior subordinated debt
Debt Instrument [Line Items]
Long-term Debt	$ 841	843
Debt Instrument, Maturity, Start year	2,037
Debt Instrument, Maturity, End Year	2,058
Maturities of long-term debt, excluding borrowings of consolidated investments
Total	$ 841	843
Thereafter	$ 841
Uncollateralized Notes/Bonds/Loans Payable | Junior subordinated debt | Maximum
Debt Instrument [Line Items]
Interest rate (as a percent)	8.63%
Uncollateralized Notes/Bonds/Loans Payable | Junior subordinated debt | Minimum
Debt Instrument [Line Items]
Interest rate (as a percent)	4.88%
Uncollateralized Notes/Bonds/Loans Payable | Junior subordinated debt | AIGLH
Debt Instrument [Line Items]
Long-term Debt	$ 361	361
Debt Instrument, Maturity, Start year	2,030
Debt Instrument, Maturity, End Year	2,046
Maturities of long-term debt, excluding borrowings of consolidated investments
Total	$ 361	361
Thereafter	$ 361
Uncollateralized Notes/Bonds/Loans Payable | Junior subordinated debt | AIGLH | Maximum
Debt Instrument [Line Items]
Interest rate (as a percent)	8.50%
Uncollateralized Notes/Bonds/Loans Payable | Junior subordinated debt | AIGLH | Minimum
Debt Instrument [Line Items]
Interest rate (as a percent)	7.57%
Uncollateralized Notes/Bonds/Loans Payable | AIG Japan Holdings Kabushiki Kaisha
Debt Instrument [Line Items]
Long-term Debt	$ 334	330
Debt Instrument, Maturity, Start year	2,020
Debt Instrument, Maturity, End Year	2,021
Maturities of long-term debt, excluding borrowings of consolidated investments
Total	$ 334	330
2,018	0
2,019	0
2,020	115
2,021	219
2,022	$ 0
Uncollateralized Notes/Bonds/Loans Payable | AIG Japan Holdings Kabushiki Kaisha | Maximum
Debt Instrument [Line Items]
Interest rate (as a percent)	0.44%
Uncollateralized Notes/Bonds/Loans Payable | AIG Japan Holdings Kabushiki Kaisha | Minimum
Debt Instrument [Line Items]
Interest rate (as a percent)	0.28%
Borrowings supported by assets
Debt Instrument [Line Items]
Long-term Debt	$ 3,265	4,559
Maturities of long-term debt, excluding borrowings of consolidated investments
Total	3,265	4,559
2,018	988
2,019	265
2,020	30
2,021	202
2,022	47
Thereafter	1,733
Collateral posted	2,000	2,200
Borrowings supported by assets | Notes and bonds payable
Debt Instrument [Line Items]
Long-term Debt	$ 181	494
Debt Instrument, Maturity, Start year	2,018
Debt Instrument, Maturity, End Year	2,040
Maturities of long-term debt, excluding borrowings of consolidated investments
Total	$ 181	494
2,018	126
2,019	0
2,020	0
2,021	0
2,022	0
Thereafter	$ 55
Borrowings supported by assets | Notes and bonds payable | Maximum
Debt Instrument [Line Items]
Interest rate (as a percent)	9.97%
Borrowings supported by assets | Notes and bonds payable | Minimum
Debt Instrument [Line Items]
Interest rate (as a percent)	0.50%
Borrowings supported by assets | Notes and bonds payable | Series AIGFP
Debt Instrument [Line Items]
Long-term Debt	$ 21	32
Debt Instrument, Maturity, Start year	2,046
Debt Instrument, Maturity, End Year	2,047
Maturities of long-term debt, excluding borrowings of consolidated investments
Total	$ 21	32
2,018	0
2,019	0
2,020	0
2,021	0
2,022	0
Thereafter	$ 21
Borrowings supported by assets | Notes and bonds payable | Series AIGFP | Maximum
Debt Instrument [Line Items]
Interest rate (as a percent)	1.30%
Borrowings supported by assets | Notes and bonds payable | Series AIGFP | Minimum
Debt Instrument [Line Items]
Interest rate (as a percent)	1.21%
Borrowings supported by assets | MIP notes payable
Debt Instrument [Line Items]
Long-term Debt	$ 356	1,099
Debt Instrument, Maturity, End Year	2,018
Maturities of long-term debt, excluding borrowings of consolidated investments
Total	$ 356	1,099
2,018	$ 356
Borrowings supported by assets | MIP notes payable | Maximum
Debt Instrument [Line Items]
Interest rate (as a percent)	2.95%
Borrowings supported by assets | MIP notes payable | Minimum
Debt Instrument [Line Items]
Interest rate (as a percent)	2.72%
Borrowings supported by assets | GIAs
Debt Instrument [Line Items]
Long-term Debt	$ 2,707	2,934
Debt Instrument, Maturity, Start year	2,018
Debt Instrument, Maturity, End Year	2,053
Interest rate (as a percent)	7.62%
Maturities of long-term debt, excluding borrowings of consolidated investments
Total	$ 2,707	2,934
2,018	506
2,019	265
2,020	30
2,021	202
2,022	47
Thereafter	$ 1,657
Borrowings supported by assets | GIAs | Maximum
Debt Instrument [Line Items]
Interest rate (as a percent)	7.62%
Borrowings supported by assets | GIAs | Minimum
Debt Instrument [Line Items]
Interest rate (as a percent)	0.50%
Debt not guaranteed
Debt Instrument [Line Items]
Long-term Debt	$ 6,219	5,106
Maturities of long-term debt, excluding borrowings of consolidated investments
Total	6,219	5,106
Debt not guaranteed | Other subsidiaries notes, bonds, loans and mortgages payable
Debt Instrument [Line Items]
Long-term Debt	$ 190	735
Debt Instrument, Maturity, End Year	2,018
Maturities of long-term debt, excluding borrowings of consolidated investments
Total	$ 190	735
Debt not guaranteed | Other subsidiaries notes, bonds, loans and mortgages payable | Maximum
Debt Instrument [Line Items]
Interest rate (as a percent)	1.57%
Debt not guaranteed | Other subsidiaries notes, bonds, loans and mortgages payable | Minimum
Debt Instrument [Line Items]
Interest rate (as a percent)	1.40%
Debt not guaranteed | Debt of consolidated investments
Debt Instrument [Line Items]
Long-term Debt	$ 6,029	4,371
Debt Instrument, Maturity, Start year	2,018
Debt Instrument, Maturity, End Year	2,065
Maturities of long-term debt, excluding borrowings of consolidated investments
Total	$ 6,029	4,371
Debt not guaranteed | Debt of consolidated investments | Maximum
Debt Instrument [Line Items]
Interest rate (as a percent)	9.31%
Debt not guaranteed | Debt of consolidated investments | Minimum
Debt Instrument [Line Items]
Interest rate (as a percent)	0.00%
Debt not guaranteed | Debt of consolidated investments | Real Estate and Investment Funds [Member]
Debt Instrument [Line Items]
Long-term Debt	$ 2,500	1,900
Maturities of long-term debt, excluding borrowings of consolidated investments
Total	2,500	1,900
Debt not guaranteed | Debt of consolidated investments | Affordable Housing Partnership [Member]
Debt Instrument [Line Items]
Long-term Debt	1,800	1,700
Maturities of long-term debt, excluding borrowings of consolidated investments
Total	1,800	1,700
Debt not guaranteed | Debt of consolidated investments | Other
Debt Instrument [Line Items]
Long-term Debt	1,700	771
Maturities of long-term debt, excluding borrowings of consolidated investments
Total	$ 1,700	$ 771

DEBT (Details - AIGLH Junior su

DEBT (Details - AIGLH Junior subordinated debentures) - Borrowings supported by assets - AIGLH $ in Millions	Jul. 11, 2013USD ($)
8.5 percent Junior subordinated debentures due July 2030
Debt Instrument [Line Items]
Junior subordinated debentures liquidation value	$ 113
8.125 percent Junior subordinated debentures due March 2046
Debt Instrument [Line Items]
Junior subordinated debentures liquidation value	211
7.57 percent Junior subordinated debentures due December 2045
Debt Instrument [Line Items]
Junior subordinated debentures liquidation value	$ 37

DEBT (Details - Credit faciliti

DEBT (Details - Credit facilities) - 5-Year Syndicated Facility $ in Millions	12 Months Ended
	Dec. 31, 2017USD ($)
Schedule of Debt Instruments [Line Items]
Maximum borrowing capacity	$ 4,500
Remaining borrowing capacity	$ 4,500
Debt Instrument, Maturity Date	June 2,022
Debt Instrument Effective Date	Jun. 27, 2017

CONTINGENCIES, COMMITMENTS A128

CONTINGENCIES, COMMITMENTS AND GUARANTEES (Details - Loss Contingencies) $ in Millions	Jun. 15, 2015USD ($)	Oct. 22, 2014USD ($)	Sep. 16, 2013item	Mar. 11, 2013class	Nov. 21, 2011	Jan. 31, 2009complaint	Dec. 31, 2017USD ($)complaint	Feb. 09, 2015complaint
Other Commitments
Other Commitments | $							$ 3,200
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 | item			286,908
Individual Securities Litigations [Member]
LITIGATION, INVESTIGATIONS AND REGULATORY MATTERS
Number of funds that are plaintiffs in similar actions								11
Number of cases that have been settled							9
Number of claims dismissed							2

CONTINGENCIES, COMMITMENTS A129

CONTINGENCIES, COMMITMENTS AND GUARANTEES (Details - Long term purchase commitments) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Future minimum lease payments under operating leases
2,018	$ 243
2,019	179
2,020	137
2,021	95
2,022	59
Remaining years after 2022	120
Total	833
Rent expense	269	$ 331	$ 327
Other Commitments
Other Commitments	$ 3,200

CONTINGENCIES, COMMITMENTS A130

CONTINGENCIES, COMMITMENTS AND GUARANTEES (Details - Guarantor Obligations) $ in Millions	Dec. 31, 2017USD ($)
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 ($) $ / shares in Units, $ in Millions	Dec. 22, 2017	Sep. 29, 2017	Jun. 28, 2017	Mar. 29, 2017	Dec. 22, 2016	Sep. 29, 2016	Jun. 27, 2016	Mar. 28, 2016	Dec. 21, 2015	Sep. 28, 2015	Jun. 25, 2015	Mar. 26, 2015	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	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	1,193,916,617	1,375,926,971
Issuances (in shares)													3,386,462	2,069,110	371,806
Shares repurchased													(99,677,646)	(200,649,886)	(182,382,160)
Shares, end of period													(1,007,626,835)	(911,335,651)
Shares, end of period													1,906,671,492	1,906,671,492
Shares, end of period													899,044,657	995,335,841	1,193,916,617
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	$ 0.32	$ 0.32	$ 0.28	$ 0.28	$ 0.125	$ 0.125
Date of Shareholders of Record	Dec. 8, 2017	Sep. 15, 2017	Jun. 14, 2017	Mar. 15, 2017	Dec. 8, 2016	Sep. 15, 2016	Jun. 13, 2016	Mar. 14, 2016	Dec. 7, 2015	Sep. 14, 2015	Jun. 11, 2015	Mar. 12, 2015
Authorized amount of common Stock share repurchase																$ 2,500
Aggregate remaining authorization amount of common Stock share repurchase													$ 2,300
Shares repurchased (in shares)													99,677,646	200,649,886	182,382,160
Payments for Repurchase of Common Stock													$ 6,275	$ 11,460	$ 10,691
Amount paid to purchase warrants													$ 3	$ 309	$ 0
Warrants repurchased													185,000	17,000,000	0
Subsequent event
The following table presents record date, payment date and dividends paid per share on AIG Common Stock:
Date of Shareholders of Record													Mar. 15, 2018
Common Stock Issued
The following table presents a roll forward of outstanding shares:
Shares, beginning of year													1,906,671,492	1,906,671,492	1,906,671,492
Issuances (in shares)													0	0	0
Shares repurchased													0	0	0
Shares, end of period													1,906,671,492	1,906,671,492	1,906,671,492
The following table presents record date, payment date and dividends paid per share on AIG Common Stock:
Shares repurchased (in shares)													0	0	0
Treasury Stock
The following table presents a roll forward of outstanding shares:
Shares, beginning of year													(911,335,651)	(712,754,875)	(530,744,521)
Issuances (in shares)													3,386,462	2,069,110	371,806
Shares repurchased													(99,677,646)	(200,649,886)	(182,382,160)
Shares, end of period													(1,007,626,835)	(911,335,651)	(712,754,875)
The following table presents record date, payment date and dividends paid per share on AIG Common Stock:
Shares repurchased (in shares)													99,677,646	200,649,886	182,382,160

EQUITY (Details - Share repurch

EQUITY (Details - Share repurchases) shares in Millions	1 Months Ended
	Jan. 31, 2015shares
Common Stock | Accelerated Share Repurchase Agreement [Member]
Rollforward of preferred stock
Additional shares received from financial institution	3.5

EQUITY (Details - Rollforward o

EQUITY (Details - Rollforward of Accumulated other comprehensive income) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
A rollforward of Accumulated Other Comprehensive Income (Loss)
Balance, beginning of period, net of tax	$ 3,230	$ 2,537	$ 10,617
Change in unrealized appreciation (depreciation) of investments	4,062	605	(11,007)
Change in deferred acquisition costs adjustment and other	(1,259)	267	1,119
Change in future policy benefits	(1,102)	(676)	1,204
Changes in foreign currency translation adjustments	547	93	(1,129)
Net actuarial gain (loss)	110	(151)	413
Prior service cost (credit)	9	(22)	(239)
Deferred tax asset (liability)	(132)	577	1,553
Other Comprehensive Income (Loss)	2,235	693	(8,086)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment	539	250	(1,100)
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment	41	(126)	123
Noncontrolling interests	0	0	(6)
Balance, end of period, net of tax	5,465	3,230	2,537
Accumulated Other Comprehensive Income
A rollforward of Accumulated Other Comprehensive Income (Loss)
Other Comprehensive Income (Loss)	2,235	693	(8,080)
Unrealized Appreciation (Depreciation) of Fixed Maturity Securities on Which Other-Than-Temporary Credit Impairments Were Taken
A rollforward of Accumulated Other Comprehensive Income (Loss)
Balance, beginning of period, net of tax	426	696	1,043
Change in unrealized appreciation (depreciation) of investments	394	(326)	(488)
Change in deferred acquisition costs adjustment and other	23	(19)	(146)
Change in future policy benefits	0	0	92
Deferred tax asset (liability)	(50)	75	195
Other Comprehensive Income (Loss)	367	(270)	(347)
Balance, end of period, net of tax	793	426	696
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	12,327
Change in unrealized appreciation (depreciation) of investments	3,668	931	(10,519)
Change in deferred acquisition costs adjustment and other	(1,282)	286	1,265
Change in future policy benefits	(1,102)	(676)	1,112
Deferred tax asset (liability)	4	298	1,380
Other Comprehensive Income (Loss)	1,288	839	(6,762)
Noncontrolling interests	0	0	(1)
Balance, end of period, net of tax	7,693	6,405	5,566
Foreign Currency Translation Adjustments
A rollforward of Accumulated Other Comprehensive Income (Loss)
Balance, beginning of period, net of tax	(2,629)	(2,879)	(1,784)
Changes in foreign currency translation adjustments	547	93	(1,129)
Deferred tax asset (liability)	(8)	157	29
Other Comprehensive Income (Loss)	539	250	(1,100)
Noncontrolling interests	0	0	(5)
Balance, end of period, net of tax	(2,090)	(2,629)	(2,879)
Retirement Plan Liabilities Adjustment
A rollforward of Accumulated Other Comprehensive Income (Loss)
Balance, beginning of period, net of tax	(972)	(846)	(969)
Net actuarial gain (loss)	110	(151)	413
Prior service cost (credit)	9	(22)	(239)
Deferred tax asset (liability)	(78)	47	(51)
Other Comprehensive Income (Loss)	41	(126)	123
Balance, end of period, net of tax	$ (931)	$ (972)	$ (846)

EQUITY (Details - Other compreh

EQUITY (Details - Other comprehensive income reclassification adjustments) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Other Comprehensive Income (Loss) Reclassification Adjustments
Unrealized change arising during period	$ 3,090	$ 1,296	$ (8,383)
Less: Reclassification adjustments included in net income	723	1,180	1,256
Total other comprehensive income (loss), before income tax expense (benefit)	2,367	116	(9,639)
Less: Income tax expense (benefit)	132	(577)	(1,553)
Other comprehensive income	2,235	693	(8,086)
Unrealized Appreciation (Depreciation) of Fixed Maturity Securities on Which Other-Than-Temporary Credit Impairments Were Taken
Other Comprehensive Income (Loss) Reclassification Adjustments
Unrealized change arising during period	467	(222)	(471)
Less: Reclassification adjustments included in net income	50	123	71
Total other comprehensive income (loss), before income tax expense (benefit)	417	(345)	(542)
Less: Income tax expense (benefit)	50	(75)	(195)
Other comprehensive income	367	(270)	(347)
Unrealized Appreciation (Depreciation) of All Other Investments
Other Comprehensive Income (Loss) Reclassification Adjustments
Unrealized change arising during period	2,052	1,769	(7,068)
Less: Reclassification adjustments included in net income	768	1,228	1,074
Total other comprehensive income (loss), before income tax expense (benefit)	1,284	541	(8,142)
Less: Income tax expense (benefit)	(4)	(298)	(1,380)
Other comprehensive income	1,288	839	(6,762)
Foreign Currency Translation Adjustments
Other Comprehensive Income (Loss) Reclassification Adjustments
Unrealized change arising during period	547	93	(1,129)
Less: Reclassification adjustments included in net income	0	0	0
Total other comprehensive income (loss), before income tax expense (benefit)	547	93	(1,129)
Less: Income tax expense (benefit)	8	(157)	(29)
Other comprehensive income	539	250	(1,100)
Retirement Plan Liabilities Adjustment
Other Comprehensive Income (Loss) Reclassification Adjustments
Unrealized change arising during period	24	(344)	285
Less: Reclassification adjustments included in net income	(95)	(171)	111
Total other comprehensive income (loss), before income tax expense (benefit)	119	(173)	174
Less: Income tax expense (benefit)	78	(47)	51
Other comprehensive income	$ 41	$ (126)	$ 123

EQUITY (Details - Reclassificat

EQUITY (Details - Reclassification of significant items out of Accumulated other comprehensive income) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other realized capital gains (losses)									$ (1,153)	$ (1,457)	$ 1,367
Amortization of deferred acquisition costs									4,288	4,521	5,236
Policyholder benefits and losses incurred									29,972	32,437	31,345
Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax									723	1,180	1,256
Income from continuing operations before income tax expense (benefit)	$ 875	$ (2,803)	$ 1,667	$ 1,727	$ (3,455)	$ 737	$ 2,858	$ (214)	1,466	(74)	3,281
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)									723	1,180	1,256
Unrealized appreciation (depreciation) of fixed maturity securities on which other-than-temporary credit impairments were taken
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax									50	123	71
Unrealized appreciation (depreciation) of fixed maturity securities on which other-than-temporary credit impairments were taken | Amount Reclassified from Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other realized capital gains (losses)									50	123	71
Income from continuing operations before income tax expense (benefit)									50	123	71
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									768	1,228	1,074
Unrealized appreciation (depreciation) of all other investments | Amount Reclassified from Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other realized capital gains (losses)									463	935	1,054
Amortization of deferred acquisition costs									305	293	3
Policyholder benefits and losses incurred									0	0	17
Income from continuing operations before income tax expense (benefit)									768	1,228	1,074
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									(95)	(171)	111
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									(95)	(171)	111
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									5	15	214
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									$ (100)	$ (186)	$ (103)

EARNINGS PER SHARE (EPS) (Detai

EARNINGS PER SHARE (EPS) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Numerator for EPS:
Income (Loss) from Continuing Operations									$ (6,060)	$ (259)	$ 2,222
Less:
Net income (loss) from continuing operations attributable to noncontrolling interests	$ (12)	$ 26	$ (12)	$ 26	$ 535	$ (26)	$ 11	$ (20)	28	500	26
Net income (loss) attributable to AIG common shareholders from continuing operations									(6,088)	(759)	2,196
Income (loss) from discontinued operations, net of income tax expense	$ (3)	$ (1)	$ 8	$ 0	$ (36)	$ 3	$ (10)	$ (47)	4	(90)	0
Net income (loss) attributable to AIG common shareholders									$ (6,084)	$ (849)	$ 2,196
Denominator for EPS:
Weighted average shares outstanding - basic	908,115,499	908,667,044	925,751,084	980,777,243	1,023,886,592	1,071,295,892	1,113,587,927	1,156,548,459	930,561,286	1,091,085,131	1,299,825,350
Dilutive shares									0	0	34,639,533
Weighted average shares outstanding - diluted	908,115,499	908,667,044	948,248,771	1,005,315,030	1,023,886,592	1,102,400,770	1,140,045,973	1,156,548,459	930,561,286	1,091,085,131	1,334,464,883
Basic:
Income (loss) from continuing operations	$ (7.33)	$ (1.91)	$ 1.21	$ 1.21	$ (2.93)	$ 0.43	$ 1.73	$ (0.12)	$ (6.54)	$ (0.7)	$ 1.69
Income (loss) from discontinued operations	0	0	0.01	0	(0.03)	0	(0.01)	(0.04)	0	(0.08)	0
Net income (loss) attributable to AIG									(6.54)	(0.78)	1.69
Diluted:
Income (loss) from continuing operations	(7.33)	(1.91)	1.18	1.18	(2.93)	0.42	1.69	(0.12)	(6.54)	(0.7)	1.65
Income (loss) from discontinued operations	$ 0	$ 0	$ 0.01	$ 0	$ (0.03)	$ 0	$ (0.01)	$ (0.04)	0	(0.08)	0
Net Income (loss) attributable to AIG									$ (6.54)	$ (0.78)	$ 1.65
Number of shares, warrants, and options excluded from diluted shares outstanding because the effect would have been anti-dilutive									1,700,000	200,000	200,000
Dilutive Shares Excluded From Computation Of Diluted Earnings Per Share									22,412,682	30,326,772

STATUTORY FINANCIAL DATA AND137

STATUTORY FINANCIAL DATA AND RESTRICTIONS (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Statutory capital and surplus and net income (loss)
Increase (decrease) in the previously reported amount of statutory net income as a result of the finalization of statutory filings		$ 479
Increase (decrease) in the previously reported amount of statutory surplus as a result of the finalization of statutory filings		305
Subsidiary Dividend Restrictions
Statutory capital and surplus of consolidated insurance subsidiaries companies restricted from transfer to parent	$ 44,800
New York
Subsidiary Dividend Restrictions
Dividend restrictions, as percentage of statutory policyholders' surplus	10.00%
Dividend restrictions, as percentage of adjusted net investment income, as defined	100.00%
General Insurance Companies
Statutory capital and surplus and net income (loss)
Statutory net income (loss)	$ (955)	(1,066)	$ 2,038
Statutory capital and surplus	33,209	34,252
Aggregate minimum required statutory capital and surplus	11,473	12,440
Statutory surplus and net income (loss)
Capital Contribution To Affiliates		200
General Insurance Companies | Domestic
Statutory capital and surplus and net income (loss)
Statutory net income (loss)	(622)	260	1,444
Statutory capital and surplus	21,514	21,665
Aggregate minimum required statutory capital and surplus	5,307	5,183
General Insurance Companies | Foreign
Statutory capital and surplus and net income (loss)
Statutory net income (loss)	(333)	(1,326)	594
Statutory capital and surplus	11,695	12,587
Aggregate minimum required statutory capital and surplus	6,166	7,257
Life and Retirement companies
Statutory capital and surplus and net income (loss)
Statutory net income (loss)	953	2,299	2,195
Statutory capital and surplus	12,318	12,804
Aggregate minimum required statutory capital and surplus	3,269	3,322
Statutory surplus and net income (loss)
Permitted practice	407	645
Life and Retirement companies | Domestic
Statutory capital and surplus and net income (loss)
Statutory net income (loss)	932	2,252	2,200
Statutory capital and surplus	11,872	12,314
Aggregate minimum required statutory capital and surplus	3,148	3,088
Life and Retirement companies | Foreign
Statutory capital and surplus and net income (loss)
Statutory net income (loss)	21	47	$ (5)
Statutory capital and surplus	446	490
Aggregate minimum required statutory capital and surplus	$ 121	234
Property Casualty Insurance Companies
Statutory surplus and net income (loss)
Permitted practice		$ 1,100

SHARE-BASED AND OTHER COMPEN138

SHARE-BASED AND OTHER COMPENSATION PLANS (Details - Share based compensation expense) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
SHARE-BASED AND OTHER COMPENSATION PLANS
Share-based compensation expense - pre-tax	$ 353	$ 237	$ 365
Share-based compensation expense - after tax	229	154	237
Vested stock-settled awards issued to retirement eligible employees	141	$ 105	$ 147
Excess Tax Benefit from Share-based Compensation, Financing Activities	$ 40

SHARE-BASED AND OTHER COMPEN139

SHARE-BASED AND OTHER COMPENSATION PLANS (Details - Employee Plans, Share-settled Awards - assumptions used to estimate the fair value of PSUs) $ in Millions	12 Months Ended
	Dec. 31, 2017USD ($)itemshares	Dec. 31, 2016USD ($)shares	Dec. 31, 2015USD ($)shares	Dec. 31, 2014	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense | $	$ 353	$ 237	$ 365
Performance share units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weight used to calculate performance measure (as a percent)			75.00%	25.00%	50.00%
Assumptions used to estimate the fair value of PSUs based on AIG's TSR
Expected dividend yield (as a percent)	2.37%	2.17%	1.78%
Expected volatility (as a percent)	17.58%	24.55%	22.71%
Risk-free interest rate (as a percent)	2.00%	1.30%	1.01%
Deferred stock units (DSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted under the plans	32,067	41,974	32,342
Compensation expense | $	$ 2	$ 2.4	$ 1.9
2013 Omnibus Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock reserved for future grant	45,000,000
Number of shares reserved for future grants	42,780,716
Reduction in the number of shares available for grants	1
AIG 2013 Long Term Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance period	3 years
Number of installments | item	3
AIG 2013 Long Term Incentive Plan | Vesting on January 1 from the next three years of immediately following the end of the performance period
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period, from date of grant	2 years
AIG 2013 Long Term Incentive Plan | Performance share units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of performance period depending on which actual number of awards can be earned	200.00%	150.00%
AIG 2013 Long Term Incentive Plan | Performance share units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of performance period depending on which actual number of awards can be earned	0.00%	0.00%
AIG 2010 Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock reserved for future grant	60,000,000
Reduction in the number of shares available for grants	0
SICO Plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Completion of age of the employee after which the awards can be vested	65 years
Payments for various benefits provided under the plan | $	$ 0

SHARE-BASED AND OTHER COMPEN140

SHARE-BASED AND OTHER COMPENSATION PLANS (Details - Share-settled Awards - Outstanding share-settled awards) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2017	Dec. 31, 2016
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Incurred incremental compensation expense		$ 71
Total unrecognized compensation cost (net of expected forfeitures) and the weighted-average periods over which those costs are expected to be recognized
Unrecognized Compensation Cost	$ 0	$ 0
Expected Period		3 years
RSUs | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Incurred incremental compensation expense		$ 142
SICO Plans
Change in number of shares
Unvested at the end of the period (in shares)	0	0
Total unrecognized compensation cost (net of expected forfeitures) and the weighted-average periods over which those costs are expected to be recognized
Weighted-Average Period		5 years 29 days
Expected Period		21 years
2013 LTI | PSUs
Change in number of shares
Unvested at the beginning of the period (in shares)	576,210	1,581,904
Net impact of modification		0
Granted (in shares)	0
Vested (in shares)	968,930	0
Forfeited (in shares)	36,764	0
Cancelled at modification date (in shares)	0
Granted at modification date (in shares)	0
Unvested at the end of the period (in shares)	576,210	576,210	1,581,904
Change in Weighted Average Grant-Date Fair Value
Unvested at the beginning of the period (in dollars per share)	$ 38.04	$ 38.03
Net impact of modification		0
Granted (in dollars per share)	0
Vested (in dollars per share)	37.98	0
Forfeited (in dollars per share)	39.14	0
Cancelled at modification date (in dollars per share)	0
Granted at modification date (in dollars per share)	0
Unvested at the end of the period (in dollars per share)	$ 38.04	$ 38.04	$ 38.03
2014 LTI | PSUs
Change in number of shares
Unvested at the beginning of the period (in shares)	823,311	1,732,616
Net impact of modification		0
Granted (in shares)	122,378
Vested (in shares)	957,045	0
Forfeited (in shares)	74,638	0
Cancelled at modification date (in shares)	0
Granted at modification date (in shares)	0
Unvested at the end of the period (in shares)	823,311	823,311	1,732,616
Change in Weighted Average Grant-Date Fair Value
Unvested at the beginning of the period (in dollars per share)	$ 48.81	$ 48.88
Net impact of modification		0
Granted (in dollars per share)	48.57
Vested (in dollars per share)	48.89	0
Forfeited (in dollars per share)	49.02	0
Cancelled at modification date (in dollars per share)	0
Granted at modification date (in dollars per share)	0
Unvested at the end of the period (in dollars per share)	$ 48.81	$ 48.81	$ 48.88
2015 LTI | PSUs
Change in number of shares
Unvested at the beginning of the period (in shares)	1,853,843	2,176,555
Net impact of modification		(135,244)
Granted (in shares)	0
Vested (in shares)	201,256	424,788
Forfeited (in shares)	121,456	2,023
Cancelled at modification date (in shares)	(2,229,873)
Granted at modification date (in shares)	2,094,629
Unvested at the end of the period (in shares)	1,291,788	1,291,788	2,176,555
Change in Weighted Average Grant-Date Fair Value
Unvested at the beginning of the period (in dollars per share)	$ 55.17	$ 55.52
Net impact of modification		56.33
Granted (in dollars per share)	0
Vested (in dollars per share)	59.04	61.82
Forfeited (in dollars per share)	55.01	62.13
Cancelled at modification date (in dollars per share)	54.56
Granted at modification date (in dollars per share)	62.13
Unvested at the end of the period (in dollars per share)	$ 60.02	$ 60.02	$ 55.52
2016 LTI | PSUs
Change in number of shares
Unvested at the beginning of the period (in shares)	2,270,203	2,588,598
Net impact of modification		(304,551)
Granted (in shares)	2,806
Vested (in shares)	182,938	495,222
Forfeited (in shares)	138,263	2,685
Cancelled at modification date (in shares)	(2,951,417)
Granted at modification date (in shares)	2,646,866
Unvested at the end of the period (in shares)	1,467,745	1,467,745	2,588,598
Change in Weighted Average Grant-Date Fair Value
Unvested at the beginning of the period (in dollars per share)	$ 50.37	$ 51.12
Net impact of modification		55.01
Granted (in dollars per share)	36.49
Vested (in dollars per share)	60.29	62.13
Forfeited (in dollars per share)	51.1	62.13
Cancelled at modification date (in dollars per share)	52
Granted at modification date (in dollars per share)	62.13
Unvested at the end of the period (in dollars per share)	$ 60.9	$ 60.9	$ 51.12
2017 LTI | PSUs
Change in number of shares
Unvested at the beginning of the period (in shares)	2,940,046	0
Net impact of modification		0
Granted (in shares)	3,996,978
Vested (in shares)	971,945	766,931
Forfeited (in shares)	84,987	0
Cancelled at modification date (in shares)	(1,082,417)
Granted at modification date (in shares)	1,082,417
Unvested at the end of the period (in shares)	2,173,115	2,173,115	0
Change in Weighted Average Grant-Date Fair Value
Unvested at the beginning of the period (in dollars per share)	$ 65.07	$ 0
Net impact of modification		0
Granted (in dollars per share)	64.83
Vested (in dollars per share)	64.09	64.01
Forfeited (in dollars per share)	65.24	0
Cancelled at modification date (in dollars per share)	67.47
Granted at modification date (in dollars per share)	62.13
Unvested at the end of the period (in dollars per share)	$ 62.78	$ 62.78	$ 0
Total unrecognized compensation cost (net of expected forfeitures) and the weighted-average periods over which those costs are expected to be recognized
Unrecognized Compensation Cost			$ 237
Weighted-Average Period		1 year 7 days
Expected Period		3 years

SHARE-BASED AND OTHER COMPEN141

SHARE-BASED AND OTHER COMPENSATION PLANS (Details - Roll forward of stock option activity) - USD ($) $ / shares in Units, $ in Millions

Dec. 22, 2017

Sep. 29, 2017

Jun. 28, 2017

Mar. 29, 2017

Dec. 22, 2016

Sep. 29, 2016

Jun. 27, 2016

Mar. 28, 2016

Dec. 21, 2015

Sep. 28, 2015

Jun. 25, 2015

Mar. 26, 2015

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Shares granted under the plans

2,500,000

Weighted average assumptions used to estimate the fair value

Dividend paid (in dollars per share)

$ 0.32

$ 0.32

$ 0.32

$ 0.32

$ 0.32

$ 0.32

$ 0.32

$ 0.32

$ 0.28

$ 0.28

$ 0.125

$ 0.125

Stock options activity

Outstanding at beginning of year (in shares)

0

Granted (in shares)

2,500,000

Exercised (in shares)

0

Forfeited or expired (in shares)

0

Outstanding at end of year (in shares)

2,500,000

0

Units, Exercisable, end of year (in shares)

0

Stock options, Weighted Average Exercise Price

Outstanding at beginning of year (in dollars per share)

$ 0

Granted (in dollars per share)

62.9

Exercised (in dollars per share)

0

Forfeited or expired (in dollars per share)

0

Outstanding at end of year (in dollars per share)

62.9

$ 0

Excercisable, end of year (in dollars per share)

$ 0

Stock options, Weighted Average Remaining Contractual Life

Weighted Average Remaining Contractual Life, Outstanding End of year

6 years 5 months 23 days

Weighted Average Remaining Contractual Life, Exercisable, End of year

0 years

Aggregate intrinsic value, Outstanding, end of year

$ 0

Aggregate intrinsic value, Excerciable, end of year

0

Total unrecognized compensation cost (net of expected forfeitures) and the weighted-average periods over which those costs are expected to be recognized

Compensation expense

353

$ 237

$ 365

Deferred stock units (DSUs)

Total unrecognized compensation cost (net of expected forfeitures) and the weighted-average periods over which those costs are expected to be recognized

Compensation expense

$ 2

$ 2.4

$ 1.9

Stock Options

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Shares granted under the plans

2,500,000

Vesting period

3 years

Weighted average assumptions used to estimate the fair value

Expected annual dividend yield (as a percent)

2.03%

Expected volatility (as a percent)

20.96%

Risk-free interest rate (as a percent)

1.94%

Expected term

4 years 6 months

Dividend paid (in dollars per share)

$ 0.32

Number of Days Implied volatility as seen in the open marketplace on the Valuation Date

2 years 11 months 15 days

Risk-free interest rate, Maximum

2.14%

Risk-free interest rate, Minimum

1.76%

Contractual term of the option

7 Years

Shares issued in connection with previous exercises of options with delivery deferred

0

Stock options activity

Granted (in shares)

2,500,000

Stock options, Weighted Average Remaining Contractual Life

Weighted average grant-date fair value of stock options granted

$ 10.54

Total unrecognized compensation cost (net of expected forfeitures) and the weighted-average periods over which those costs are expected to be recognized

Compensation expense

$ 7.3

Unrecognized Compensation Cost

$ 19

Expected Period

2 years 9 months

SHARE-BASED AND OTHER COMPEN142

SHARE-BASED AND OTHER COMPENSATION PLANS (Details - Cash-settled Awards) $ in Millions	12 Months Ended
	Dec. 31, 2017USD ($)itemshares	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash paid to settle awards	$ 141	$ 105	$ 147
Compensation expense	353	237	365
Long Term Incentive Plans 2012 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 0	19	57
Percentage of outstanding awards that will vest once the service requirements are satisfied	100.00%
Contingent performance measurement period	2 years
Long Term Incentive Plans 2012 [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Contingent performance target amount | item	2
Contingent performance cash portion maximum period	2 years
Long Term Incentive Plans 2012 [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Contingent performance target amount | item	0
Stock Salary Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash paid to settle awards	$ 29	101	155
Compensation expense	$ 0	$ 2	$ 7
Number of vested but unsettled RSUs | shares	0
SARs | Long Term Incentive Plans 2012 [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Contingent performance cash portion maximum period	2 years

EMPLOYEE BENEFITS (Details - Pe

EMPLOYEE BENEFITS (Details - Pension and Postretirement Plans) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2017	Dec. 31, 2016
Change in plan assets:
AIG contributions		$ 209	$ 236	$ 166
Pensions | U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Annual pay credit percentage to be applied to participant's cash balance		6.00%
Change in projected benefit obligation:
Benefit obligation, beginning of year	$ 5,091	$ 4,948	5,324
Service cost		11	19	192
Interest cost		166	181	220
Actuarial (gain) loss		372	118
Benefits paid:
AIG assets		(19)	(24)
Plan assets		(161)	(332)
Plan amendment		0	0
Curtailments		0	0
Settlements		(226)	(338)
Foreign exchange effect		0	0
Other		0	0
Projected benefit obligation, end of year		5,091	4,948	5,324
Change in plan assets:
Fair value of plan assets, beginning of year	4,350	3,843	4,359
Actual return on plan assets, net of expenses		584	154
AIG contributions	64	329	24
AIG assets		(19)	(24)
Plan assets		(161)	(332)
Settlements		(226)	(338)
Foreign exchange effect		0	0
Dispositions		0	0
Other		0	0
Fair value of plan assets, end of year		4,350	3,843	4,359
Funded status, end of year					$ (741)	$ (1,105)
Amounts recognized in the consolidated balance sheet:
Assets					0	0
Liabilities					(741)	(1,105)
Total amounts recognized					(741)	(1,105)
Pre tax amounts recognized in Accumulated other comprehensive income (loss):
Net gain (loss)		(1,373)	(1,405)
Prior service (cost) credit		0	0
Total amounts recognized		(1,373)	(1,405)
Projected benefit obligation	5,091	4,948	4,948	5,324	5,091	4,948
Pensions | U.S. Plans | Non-qualified unfunded plans
Change in projected benefit obligation:
Benefit obligation, beginning of year	272	278
Benefits paid:
Projected benefit obligation, end of year		272	278
Pre tax amounts recognized in Accumulated other comprehensive income (loss):
Projected benefit obligation	272	$ 272	278		272	278
Pensions | U.S. Plans | Minimum
Defined Benefit Plan Disclosure [Line Items]
Requisite service period to participate in the plan		12 months
Period of service after which plan gets vested		3 years
Pensions | U.S. Plans | Maximum
Defined Benefit Plan Disclosure [Line Items]
Unreduced benefits, maximum services credited		44 years
Pensions | Non U.S. Plans
Change in projected benefit obligation:
Benefit obligation, beginning of year	1,202	$ 1,246	1,146
Service cost		29	31	43
Interest cost		16	21	25
Actuarial (gain) loss		(29)	98
Benefits paid:
AIG assets		(10)	(12)
Plan assets		(26)	(35)
Plan amendment		0	1
Curtailments		(7)	(2)
Settlements		(12)	(16)
Foreign exchange effect		37	19
Other		(42)	(5)
Projected benefit obligation, end of year		1,202	1,246	1,146
Change in plan assets:
Fair value of plan assets, beginning of year	875	803	773
Actual return on plan assets, net of expenses		67	19
AIG contributions	64	60	71
AIG assets		(10)	(12)
Plan assets		(26)	(35)
Settlements		(12)	(16)
Foreign exchange effect		19	6
Dispositions		0	(4)
Other		(26)	1
Fair value of plan assets, end of year		875	803	773
Funded status, end of year					(327)	(443)
Amounts recognized in the consolidated balance sheet:
Assets					68	53
Liabilities					(395)	(496)
Total amounts recognized					(327)	(443)
Pre tax amounts recognized in Accumulated other comprehensive income (loss):
Net gain (loss)		(170)	(251)
Prior service (cost) credit		(22)	(28)
Total amounts recognized		(192)	(279)
Projected benefit obligation	1,202	1,246	1,246	1,146	1,202	1,246
Pensions | Non U.S. Plans | Non-qualified unfunded plans
Change in projected benefit obligation:
Benefit obligation, beginning of year	211	199
Benefits paid:
Projected benefit obligation, end of year		211	199
Pre tax amounts recognized in Accumulated other comprehensive income (loss):
Projected benefit obligation	211	$ 211	199		211	199
Postretirement Plans | U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Eligibility age		55 years
Change in projected benefit obligation:
Benefit obligation, beginning of year	190	$ 196	208
Service cost		2	2	5
Interest cost		6	7	8
Actuarial (gain) loss		0	(2)
Benefits paid:
AIG assets		(13)	(14)
Plan assets		0	0
Plan amendment		0	0
Curtailments		0	(1)
Settlements		0	0
Foreign exchange effect		0	0
Other		(1)	(4)
Projected benefit obligation, end of year		190	196	208
Change in plan assets:
Fair value of plan assets, beginning of year	0	0	0
Actual return on plan assets, net of expenses		0	0
AIG contributions		13	14
AIG assets		(13)	(14)
Plan assets		0	0
Settlements		0	0
Foreign exchange effect		0	0
Dispositions		0	0
Other		0	0
Fair value of plan assets, end of year		0	0	0
Funded status, end of year					(190)	(196)
Amounts recognized in the consolidated balance sheet:
Assets					0	0
Liabilities					(190)	(196)
Total amounts recognized					(190)	(196)
Pre tax amounts recognized in Accumulated other comprehensive income (loss):
Net gain (loss)		17	17
Prior service (cost) credit		1	2
Total amounts recognized		18	19
Projected benefit obligation	190	$ 196	196	208	190	196
Postretirement Plans | U.S. Plans | Minimum
Defined Benefit Plan Disclosure [Line Items]
Minimum requisite service period to participate in the plan		10 years
Postretirement Plans | Non U.S. Plans
Change in projected benefit obligation:
Benefit obligation, beginning of year	63	$ 80	75
Service cost		3	3	3
Interest cost		3	3	3
Actuarial (gain) loss		(2)	0
Benefits paid:
AIG assets		(1)	(1)
Plan assets		0	0
Plan amendment		(6)	0
Curtailments		0	0
Settlements		0	0
Foreign exchange effect		1	0
Other		(15)	0
Projected benefit obligation, end of year		63	80	75
Change in plan assets:
Fair value of plan assets, beginning of year	0	0	0
Actual return on plan assets, net of expenses		0	0
AIG contributions		1	1
AIG assets		(1)	(1)
Plan assets		0	0
Settlements		0	0
Foreign exchange effect		0	0
Dispositions		0	0
Other		0	0
Fair value of plan assets, end of year		0	0	0
Funded status, end of year					(63)	(80)
Amounts recognized in the consolidated balance sheet:
Assets					0	0
Liabilities					(63)	(80)
Total amounts recognized					(63)	(80)
Pre tax amounts recognized in Accumulated other comprehensive income (loss):
Net gain (loss)		(11)	(15)
Prior service (cost) credit		5	0
Total amounts recognized		(6)	(15)
Projected benefit obligation	$ 63	$ 80	$ 80	$ 75	$ 63	$ 80

EMPLOYEE BENEFITS (Details - Ac

EMPLOYEE BENEFITS (Details - Accumulated benefit obligations for U.S. and non-U.S. pension benefit plans) - Pensions - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Accumulated benefit obligation	$ 5,091	$ 4,948
Defined benefit pension plan obligations in which the projected benefit obligation was in excess of the related plan assets
Projected benefit obligation	5,091	4,948
Accumulated benefit obligation	5,091	4,948
Fair value of plan assets	4,350	3,843
Defined benefit pension plan obligations in which the accumulated benefit obligation was in excess of the related plan assets
Projected benefit obligation	5,091	4,948
Accumulated benefit obligation	5,091	4,948
Fair value of plan assets	4,350	3,843
Non U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Accumulated benefit obligation	1,188	1,215
Defined benefit pension plan obligations in which the projected benefit obligation was in excess of the related plan assets
Projected benefit obligation	1,054	1,121
Accumulated benefit obligation	979	1,016
Fair value of plan assets	596	545
Defined benefit pension plan obligations in which the accumulated benefit obligation was in excess of the related plan assets
Projected benefit obligation	991	1,029
Accumulated benefit obligation	979	1,009
Fair value of plan assets	$ 596	$ 536

EMPLOYEE BENEFITS (Details - Pr

EMPLOYEE BENEFITS (Details - Projected benefit obligation and the accumulated benefit obligation was in excess of the related plan assets and components of net periodic benefit cost ) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Pensions
Estimated amount that will be amortized from accumulated other comprehensive income into net periodic benefit cost over the next fiscal year
Prior service credit	$ 2
Aggregate net loss and prior service credit	35
Pension expense and effect of change in pension expense due to change in discount rate or expected long-term rate of return
Increase in expense due to decrease of 100 basis point in discount rate	23
Increase in expense due to decrease of 100 basis point in expected long-term rate of return	51
Decrease in expense due to increase of 100 basis point in discount rate	4
Decrease in expense due to increase of 100 basis point in expected long-term rate of return	51
Pensions | U.S. Plans
Components of net periodic benefit cost:
Service cost	11	$ 19	$ 192
Interest cost	166	181	220
Expected return on assets	(266)	(292)	(295)
Amortization of prior service (credit) cost	0	0	(22)
Amortization of net (gain) loss	26	25	92
Net periodic benefit cost (credit)	(63)	(67)	187
Curtailment (gain) loss	0	0	(179)
Settlement (Credit)/Charges	60	149	0
Net benefit cost (credit)	(3)	82	8
Total recognized in Accumulated other comprehensive income (loss)	32	(82)	143
Total recognized in net periodic benefit cost and other comprehensive income (loss)	35	(164)	135
Pensions | Non U.S. Plans
Components of net periodic benefit cost:
Service cost	29	31	43
Interest cost	16	21	25
Expected return on assets	(24)	(26)	(25)
Amortization of prior service (credit) cost	0	0	(2)
Amortization of net (gain) loss	12	7	9
Net periodic benefit cost (credit)	33	33	50
Curtailment (gain) loss	(6)	(6)	(1)
Settlement (Credit)/Charges	1	2	1
Net benefit cost (credit)	28	29	50
Total recognized in Accumulated other comprehensive income (loss)	87	(101)	38
Total recognized in net periodic benefit cost and other comprehensive income (loss)	59	(130)	(12)
Postretirement Plans
Estimated amount that will be amortized from accumulated other comprehensive income into net periodic benefit cost over the next fiscal year
Prior service credit	3
Postretirement Plans | U.S. Plans
Components of net periodic benefit cost:
Service cost	2	2	5
Interest cost	6	7	8
Expected return on assets	0	0	0
Amortization of prior service (credit) cost	(1)	(12)	(11)
Amortization of net (gain) loss	(1)	(1)	0
Net periodic benefit cost (credit)	6	(4)	2
Curtailment (gain) loss	0	(1)	0
Settlement (Credit)/Charges	0	0	0
Net benefit cost (credit)	6	(5)	2
Total recognized in Accumulated other comprehensive income (loss)	(2)	(7)	12
Total recognized in net periodic benefit cost and other comprehensive income (loss)	(8)	(2)	10
Postretirement Plans | Non U.S. Plans
Components of net periodic benefit cost:
Service cost	3	3	3
Interest cost	3	3	3
Expected return on assets	0	0	0
Amortization of prior service (credit) cost	(1)	0	(1)
Amortization of net (gain) loss	1	1	0
Net periodic benefit cost (credit)	6	7	5
Curtailment (gain) loss	(2)	0	0
Settlement (Credit)/Charges	0	0	0
Net benefit cost (credit)	4	7	5
Total recognized in Accumulated other comprehensive income (loss)	9	1	(9)
Total recognized in net periodic benefit cost and other comprehensive income (loss)	$ 5	$ (6)	$ (14)

EMPLOYEE BENEFITS (Details - We

EMPLOYEE BENEFITS (Details - Weighted average assumptions used to determine the benefit obligations) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Pension | U.S. Plans
Weighted average assumptions used to determine the benefit obligations:
Discount rate (as a percent)	3.61%	4.14%
Assumed health care cost trend rates
Ultimate rate to which cost increase is assumed to decline (as a percent)	4.50%	4.50%
Weighted average assumptions used to determine the net periodic benefit costs:
Discount rate (as a percent)	4.15%	4.33%	3.94%
Rate of compensation increase (as a percent)			3.40%
Expected return on assets (as a percent)	7.00%	7.00%	7.25%
Discount Rate Methodology
Discount rate (as a percent)	3.61%	4.15%
Pension | U.S. Plans | Medical (before age 65)
Assumed health care cost trend rates
Defined Benefit Plan, Health Care Cost Trend Rate Assumed, Next Fiscal Year	6.12%	6.31%
Year in which the ultimate trend rate is reached:	2,038	2,038
Pension | U.S. Plans | Medical (age 65 and older)
Assumed health care cost trend rates
Defined Benefit Plan, Health Care Cost Trend Rate Assumed, Next Fiscal Year	5.00%	5.00%
Year in which the ultimate trend rate is reached:	2,038	2,038
Pension | Non U.S. Plans
Weighted average assumptions used to determine the benefit obligations:
Discount rate (as a percent)	1.60%	1.50%
Rate of compensation increase (as a percent)	2.27%	2.50%
Weighted average assumptions used to determine the net periodic benefit costs:
Discount rate (as a percent)	1.50%	2.17%	2.33%
Rate of compensation increase (as a percent)	2.50%	2.64%	2.89%
Expected return on assets (as a percent)	2.92%	3.28%	3.33%
Pension | AIG Japan pension plans
Discount Rate Methodology
Projected benefit obligation to total projected benefit obligations (as a percent)	50.00%	54.00%
Weighted average discount rate (as a percent)	0.66%	0.47%
Postretirement Plans | U.S. Plans
Weighted average assumptions used to determine the benefit obligations:
Discount rate (as a percent)	3.53%	4.02%
Effect of one percent point change in the assumed healthcare cost trend rate on postretirement benefit obligations
One percent increase	$ 4	$ 4
One percent decrease	$ (4)	$ (3)
Weighted average assumptions used to determine the net periodic benefit costs:
Discount rate (as a percent)	4.01%	4.21%	3.77%
Postretirement Plans | Non U.S. Plans
Weighted average assumptions used to determine the benefit obligations:
Discount rate (as a percent)	3.59%	3.95%
Rate of compensation increase (as a percent)	3.00%	3.38%
Effect of one percent point change in the assumed healthcare cost trend rate on postretirement benefit obligations
One percent increase	$ 14	$ 19
One percent decrease	$ (10)	$ (14)
Weighted average assumptions used to determine the net periodic benefit costs:
Discount rate (as a percent)	3.95%	4.09%	4.04%
Rate of compensation increase (as a percent)	3.38%	3.43%	3.29%

EMPLOYEE BENEFITS (Details - As

EMPLOYEE BENEFITS (Details - Assumed health care cost trend rates) - Pensions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2018
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Target allocation (as a percent)			100.00%
Actual allocation (as a percent)	100.00%	100.00%
Expected weighted average long-term rate of return plan assets (as a percent)	7.00%	7.00%
U.S. Plans | Equity securities
Defined Benefit Plan Disclosure [Line Items]
Target allocation (as a percent)			46.00%
Actual allocation (as a percent)	45.00%	43.00%
U.S. Plans | Fixed maturity securities
Defined Benefit Plan Disclosure [Line Items]
Target allocation (as a percent)			44.00%
Actual allocation (as a percent)	36.00%	36.00%
U.S. Plans | Other Investments
Defined Benefit Plan Disclosure [Line Items]
Target allocation (as a percent)			10.00%
Actual allocation (as a percent)	19.00%	21.00%
Non U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Target allocation (as a percent)			100.00%
Actual allocation (as a percent)	100.00%	100.00%
Expected weighted average long-term rate of return plan assets (as a percent)	2.92%	3.28%
Non U.S. Plans | Equity securities
Defined Benefit Plan Disclosure [Line Items]
Target allocation (as a percent)			30.00%
Actual allocation (as a percent)	49.00%	44.00%
Non U.S. Plans | Fixed maturity securities
Defined Benefit Plan Disclosure [Line Items]
Target allocation (as a percent)			52.00%
Actual allocation (as a percent)	32.00%	36.00%
Non U.S. Plans | Other Investments
Defined Benefit Plan Disclosure [Line Items]
Target allocation (as a percent)			17.00%
Actual allocation (as a percent)	13.00%	14.00%
Non U.S. Plans | Cash & cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Target allocation (as a percent)			1.00%
Actual allocation (as a percent)	6.00%	6.00%
AIG Japan pension plans
Defined Benefit Plan Disclosure [Line Items]
Actual allocation (as a percent)	56.00%	56.00%
Expected weighted average long-term rate of return plan assets (as a percent)	2.43%	2.61%

EMPLOYEE BENEFITS (Details -148

EMPLOYEE BENEFITS (Details - Assets Measured at Fair Value) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Defined Benefit Plan Disclosure [Line Items]
Investments measured at Fair Value	$ 5,997	$ 6,741
Pensions | Other Investment Types
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	777	960
Pensions | U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	4,350	3,843	$ 4,359
Pensions | U.S. Plans | Other investment types: Annuity contracts | US Life
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	20	21
Pensions | U.S. Plans | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1,962	1,443
Pensions | U.S. Plans | Level 1 | Cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	397	228
Pensions | U.S. Plans | Level 1 | Equity securities - U.S.
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1,300	838
Pensions | U.S. Plans | Level 1 | Equity securities - International
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	265	377
Pensions | U.S. Plans | Level 1 | U.S. investment grade
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | U.S. Plans | Level 1 | Fixed maturity securities - International investment grade
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | U.S. Plans | Level 1 | Fixed maturity securities - U.S. and international high yield
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | U.S. Plans | Level 1 | Mortgage-backed, asset-backed and collateralized
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | U.S. Plans | Level 1 | Other fixed maturity securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | U.S. Plans | Level 1 | Other investment types - Hedge funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | U.S. Plans | Level 1 | Other investment types - Futures
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | U.S. Plans | Level 1 | Other investment types - Real Estate
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | U.S. Plans | Level 1 | Other investment types - Direct private equity
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | U.S. Plans | Level 1 | Other investment types - Insurance contracts
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | U.S. Plans | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1,584	1,414
Pensions | U.S. Plans | Level 2 | Cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | U.S. Plans | Level 2 | Equity securities - U.S.
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	1
Pensions | U.S. Plans | Level 2 | Equity securities - International
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | U.S. Plans | Level 2 | U.S. investment grade
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1,006	1,174
Pensions | U.S. Plans | Level 2 | Fixed maturity securities - International investment grade
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	204	0
Pensions | U.S. Plans | Level 2 | Fixed maturity securities - U.S. and international high yield
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	212	218
Pensions | U.S. Plans | Level 2 | Mortgage-backed, asset-backed and collateralized
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	142	0
Pensions | U.S. Plans | Level 2 | Other fixed maturity securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | U.S. Plans | Level 2 | Other investment types - Hedge funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | U.S. Plans | Level 2 | Other investment types - Futures
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | U.S. Plans | Level 2 | Other investment types - Real Estate
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | U.S. Plans | Level 2 | Other investment types - Direct private equity
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | U.S. Plans | Level 2 | Other investment types - Insurance contracts
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	20	21
Pensions | U.S. Plans | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	27	26	37
Pensions | U.S. Plans | Level 3 | Cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | U.S. Plans | Level 3 | Equity securities - U.S.
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | U.S. Plans | Level 3 | Equity securities - International
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | U.S. Plans | Level 3 | U.S. investment grade
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	12	2
Pensions | U.S. Plans | Level 3 | Fixed maturity securities - International investment grade
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | U.S. Plans | Level 3 | Fixed maturity securities - U.S. and international high yield
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | U.S. Plans | Level 3 | Mortgage-backed, asset-backed and collateralized
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | U.S. Plans | Level 3 | Other fixed maturity securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | U.S. Plans | Level 3 | Other investment types - Hedge funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | U.S. Plans | Level 3 | Other investment types - Futures
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | U.S. Plans | Level 3 | Other investment types - Real Estate
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | U.S. Plans | Level 3 | Other investment types - Direct private equity
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	15	24	28
Pensions | U.S. Plans | Level 3 | Other investment types - Insurance contracts
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | U.S. Plans | Total Fair Value
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	3,573	2,883
Pensions | U.S. Plans | Total Fair Value | Cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	397	228
Pensions | U.S. Plans | Total Fair Value | Equity securities - U.S.
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1,300	839
Pensions | U.S. Plans | Total Fair Value | Equity securities - International
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	265	377
Pensions | U.S. Plans | Total Fair Value | U.S. investment grade
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1,018	1,176
Pensions | U.S. Plans | Total Fair Value | Fixed maturity securities - International investment grade
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	204	0
Pensions | U.S. Plans | Total Fair Value | Fixed maturity securities - U.S. and international high yield
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	212	218
Pensions | U.S. Plans | Total Fair Value | Mortgage-backed, asset-backed and collateralized
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	142	0
Pensions | U.S. Plans | Total Fair Value | Other fixed maturity securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | U.S. Plans | Total Fair Value | Other investment types - Hedge funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | U.S. Plans | Total Fair Value | Other investment types - Futures
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | U.S. Plans | Total Fair Value | Other investment types - Real Estate
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | U.S. Plans | Total Fair Value | Other investment types - Direct private equity
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	15	24
Pensions | U.S. Plans | Total Fair Value | Other investment types - Insurance contracts
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	20	21
Pensions | Non U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	875	803	773
Pensions | Non U.S. Plans | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	413	348
Pensions | Non U.S. Plans | Level 1 | Cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	51	50
Pensions | Non U.S. Plans | Level 1 | Equity securities - U.S.
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | Non U.S. Plans | Level 1 | Equity securities - International
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	362	298
Pensions | Non U.S. Plans | Level 1 | U.S. investment grade
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | Non U.S. Plans | Level 1 | Fixed maturity securities - International investment grade
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | Non U.S. Plans | Level 1 | Fixed maturity securities - U.S. and international high yield
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | Non U.S. Plans | Level 1 | Mortgage-backed, asset-backed and collateralized
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | Non U.S. Plans | Level 1 | Other fixed maturity securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | Non U.S. Plans | Level 1 | Other investment types - Hedge funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | Non U.S. Plans | Level 1 | Other investment types - Futures
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | Non U.S. Plans | Level 1 | Other investment types - Real Estate
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | Non U.S. Plans | Level 1 | Other investment types - Direct private equity
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | Non U.S. Plans | Level 1 | Other investment types - Insurance contracts
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | Non U.S. Plans | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	348	347
Pensions | Non U.S. Plans | Level 2 | Cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | Non U.S. Plans | Level 2 | Equity securities - U.S.
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | Non U.S. Plans | Level 2 | Equity securities - International
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	64	58
Pensions | Non U.S. Plans | Level 2 | U.S. investment grade
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | Non U.S. Plans | Level 2 | Fixed maturity securities - International investment grade
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	97	90
Pensions | Non U.S. Plans | Level 2 | Fixed maturity securities - U.S. and international high yield
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	171	186
Pensions | Non U.S. Plans | Level 2 | Mortgage-backed, asset-backed and collateralized
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | Non U.S. Plans | Level 2 | Other fixed maturity securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	16	13
Pensions | Non U.S. Plans | Level 2 | Other investment types - Hedge funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | Non U.S. Plans | Level 2 | Other investment types - Futures
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | Non U.S. Plans | Level 2 | Other investment types - Real Estate
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | Non U.S. Plans | Level 2 | Other investment types - Direct private equity
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | Non U.S. Plans | Level 2 | Other investment types - Insurance contracts
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | Non U.S. Plans | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	113	108	95
Pensions | Non U.S. Plans | Level 3 | Cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | Non U.S. Plans | Level 3 | Equity securities - U.S.
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | Non U.S. Plans | Level 3 | Equity securities - International
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | Non U.S. Plans | Level 3 | U.S. investment grade
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | Non U.S. Plans | Level 3 | Fixed maturity securities - International investment grade
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | Non U.S. Plans | Level 3 | Fixed maturity securities - U.S. and international high yield
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | Non U.S. Plans | Level 3 | Mortgage-backed, asset-backed and collateralized
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | Non U.S. Plans | Level 3 | Other fixed maturity securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | Non U.S. Plans | Level 3 | Other investment types - Hedge funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | Non U.S. Plans | Level 3 | Other investment types - Futures
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | Non U.S. Plans | Level 3 | Other investment types - Real Estate
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | Non U.S. Plans | Level 3 | Other investment types - Direct private equity
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | Non U.S. Plans | Level 3 | Other investment types - Insurance contracts
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	113	108	$ 95
Pensions | Non U.S. Plans | Total Fair Value
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	874	803
Pensions | Non U.S. Plans | Total Fair Value | Cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	51	50
Pensions | Non U.S. Plans | Total Fair Value | Equity securities - U.S.
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | Non U.S. Plans | Total Fair Value | Equity securities - International
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	426	356
Pensions | Non U.S. Plans | Total Fair Value | U.S. investment grade
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | Non U.S. Plans | Total Fair Value | Fixed maturity securities - International investment grade
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	97	90
Pensions | Non U.S. Plans | Total Fair Value | Fixed maturity securities - U.S. and international high yield
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	171	186
Pensions | Non U.S. Plans | Total Fair Value | Mortgage-backed, asset-backed and collateralized
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | Non U.S. Plans | Total Fair Value | Other fixed maturity securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	16	13
Pensions | Non U.S. Plans | Total Fair Value | Other investment types - Hedge funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | Non U.S. Plans | Total Fair Value | Other investment types - Futures
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | Non U.S. Plans | Total Fair Value | Other investment types - Real Estate
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | Non U.S. Plans | Total Fair Value | Other investment types - Direct private equity
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pensions | Non U.S. Plans | Total Fair Value | Other investment types - Insurance contracts
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 113	$ 108

EMPLOYEE BENEFITS (Details - Ch

EMPLOYEE BENEFITS (Details - Changes in Level 3 fair value measurements) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Changes in Level 3 fair value measurements
Purchases	$ 4,053	$ 5,974
Sales	(1,071)	(971)
Settlements	(7,629)	(6,278)
Issuances	0	0
Changes in Unrealized Gains (Losses) on Instruments Held at End of Year	487	(410)
Pensions | U.S. Plans
Changes in Level 3 fair value measurements
Fair value of plan assets, beginning of year	3,843	4,359
Net Realized and Unrealized Gains (Losses)	584	154
Fair value of plan assets, end of year	4,350	3,843
Pensions | U.S. Plans | Level 3
Changes in Level 3 fair value measurements
Fair value of plan assets, beginning of year	26	37
Net Realized and Unrealized Gains (Losses)	(3)	(3)
Purchases	18	6
Sales	(14)	(14)
Settlements	0	0
Issuances	0	0
Transfers In	0	0
Transfers Out	0	0
Fair value of plan assets, end of year	27	26
Changes in Unrealized Gains (Losses) on Instruments Held at End of Year	1	(4)
Pensions | U.S. Plans | Level 3 | Fixed maturity securities: U.S. investment grade
Changes in Level 3 fair value measurements
Fair value of plan assets, beginning of year	2	9
Net Realized and Unrealized Gains (Losses)	0	1
Purchases	17	2
Sales	(7)	(10)
Settlements	0	0
Issuances	0	0
Transfers In	0	0
Transfers Out	0	0
Fair value of plan assets, end of year	12	2
Changes in Unrealized Gains (Losses) on Instruments Held at End of Year	2	0
Pensions | U.S. Plans | Level 3 | Direct private equity
Changes in Level 3 fair value measurements
Fair value of plan assets, beginning of year	24	28
Net Realized and Unrealized Gains (Losses)	(3)	(4)
Purchases	1	4
Sales	(7)	(4)
Settlements	0	0
Issuances	0	0
Transfers In	0	0
Transfers Out	0	0
Fair value of plan assets, end of year	15	24
Changes in Unrealized Gains (Losses) on Instruments Held at End of Year	(1)	(4)
Pensions | U.S. Plans | Level 3 | Hedge funds
Changes in Level 3 fair value measurements
Fair value of plan assets, beginning of year	0
Fair value of plan assets, end of year	0	0
Pensions | U.S. Plans | Level 3 | Mortgage-backed, asset-backed and collateralized
Changes in Level 3 fair value measurements
Fair value of plan assets, beginning of year	0
Fair value of plan assets, end of year	0	0
Pensions | U.S. Plans | Level 3 | Insurance contracts
Changes in Level 3 fair value measurements
Fair value of plan assets, beginning of year	0
Fair value of plan assets, end of year	0	0
Pensions | Non U.S. Plans
Changes in Level 3 fair value measurements
Fair value of plan assets, beginning of year	803	773
Net Realized and Unrealized Gains (Losses)	67	19
Fair value of plan assets, end of year	875	803
Pensions | Non U.S. Plans | Level 3
Changes in Level 3 fair value measurements
Fair value of plan assets, beginning of year	108	95
Net Realized and Unrealized Gains (Losses)	4	12
Purchases	1	1
Sales	0	0
Settlements	0	0
Issuances	0	0
Transfers In	0	2
Transfers Out	0	(2)
Fair value of plan assets, end of year	113	108
Changes in Unrealized Gains (Losses) on Instruments Held at End of Year	0	0
Pensions | Non U.S. Plans | Level 3 | Direct private equity
Changes in Level 3 fair value measurements
Fair value of plan assets, beginning of year	0
Fair value of plan assets, end of year	0	0
Pensions | Non U.S. Plans | Level 3 | Hedge funds
Changes in Level 3 fair value measurements
Fair value of plan assets, beginning of year	0
Fair value of plan assets, end of year	0	0
Pensions | Non U.S. Plans | Level 3 | Mortgage-backed, asset-backed and collateralized
Changes in Level 3 fair value measurements
Fair value of plan assets, beginning of year	0
Fair value of plan assets, end of year	0	0
Pensions | Non U.S. Plans | Level 3 | Other fixed maturity securities
Changes in Level 3 fair value measurements
Fair value of plan assets, beginning of year	0	0
Net Realized and Unrealized Gains (Losses)	0	0
Purchases	0	0
Sales	0	0
Settlements	0	0
Issuances	0	0
Transfers In	0	0
Transfers Out	0	0
Fair value of plan assets, end of year	0	0
Changes in Unrealized Gains (Losses) on Instruments Held at End of Year	0	0
Pensions | Non U.S. Plans | Level 3 | Insurance contracts
Changes in Level 3 fair value measurements
Fair value of plan assets, beginning of year	108	95
Net Realized and Unrealized Gains (Losses)	4	12
Purchases	1	1
Sales	0	0
Settlements	0	0
Issuances	0	0
Transfers In	0	2
Transfers Out	0	(2)
Fair value of plan assets, end of year	113	108
Changes in Unrealized Gains (Losses) on Instruments Held at End of Year	$ 0	$ 0

EMPLOYEE BENEFITS (Details - Ex

EMPLOYEE BENEFITS (Details - Expected Cash Flows) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Defined Benefit Plan Disclosure [Line Items]
AIG contributions		$ 209	$ 236	$ 166
Expected future benefit payments, net of participants' contributions
Pre tax expenses associated with contribution plans		$ 209	236	166
DEFINED CONTRIBUTION PLANS
Percentage of employer's contribution on employee's matching contribution		100.00%
Change in percentage of employer's contribution on employee's matching contribution		6.00%
Company's maximum contribution as percentage of employee's annual salary		3.00%
Defined Contribution Plan Pre Tax Expense		$ 209	236	$ 166
Pensions | U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
AIG contributions	$ 64	329	24
Expected future benefit payments, net of participants' contributions
2,018		291
2,019		287
2,020		297
2,021		294
2,022		291
2023-2027		1,407
Pre tax expenses associated with contribution plans	64	329	24
Pensions | Non U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
AIG contributions	64	60	71
Expected future benefit payments, net of participants' contributions
2,018		36
2,019		40
2,020		42
2,021		43
2,022		41
2023-2027		235
Pre tax expenses associated with contribution plans	$ 64	60	71
Postretirement Plans | U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
AIG contributions		13	14
Expected future benefit payments, net of participants' contributions
2,018		13
2,019		13
2,020		13
2,021		13
2,022		13
2023-2027		60
Pre tax expenses associated with contribution plans		13	14
Postretirement Plans | Non U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
AIG contributions		1	1
Expected future benefit payments, net of participants' contributions
2,018		1
2,019		1
2,020		1
2,021		2
2,022		2
2023-2027		11
Pre tax expenses associated with contribution plans		$ 1	$ 1

OWNERSHIP (Details)

OWNERSHIP (Details)	Dec. 31, 2017shares
The Vanguard Group
Beneficial Ownership [Line Items]
Ownership interest (as a percent)	6.80%
Common stock deemed to be beneficially owned (in shares)	61,323,039
Blackrock, Inc
Beneficial Ownership [Line Items]
Ownership interest (as a percent)	7.20%
Common stock deemed to be beneficially owned (in shares)	64,406,363
Capital Research Global Investors
Beneficial Ownership [Line Items]
Ownership interest (as a percent)	6.40%
Common stock deemed to be beneficially owned (in shares)	57,556,990

INCOME TAXES (Details - U.S. TA

INCOME TAXES (Details - U.S. TAX REFORM OVERVIEW) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Tax [Line Items]
U.S. federal income tax at statutory rate (as a percent)		21.00%	35.00%	35.00%	35.00%
Impact of Tax Act	$ 6,687		$ 6,687	$ 0	$ 0
Tax charge attributable to the reduction in the U.S. corporate income tax			6,700
Tax benefit related to the deemed repatriation tax			38
New deferred tax liabilities	4,464		4,464	$ 6,634
General Insurance Companies
Income Tax [Line Items]
New deferred tax liabilities	$ 1,900		$ 1,900
Long-tail lines of business
Income Tax [Line Items]
Tax Act Discount Period Extension, Minimum			10 years
Tax Act Discount Period Extension, Maximum			24 years

INCOME TAXES (Details - EFFECTI

INCOME TAXES (Details - EFFECTIVE TAX RATE) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income (loss) from continuing operations before income tax expense (benefit)
U.S.										$ 1,940	$ 1,041	$ 1,950
Foreign										(474)	(1,115)	1,331
Income (loss) from continuing operations before income tax expense (benefit)	$ 875	$ (2,803)	$ 1,667	$ 1,727	$ (3,455)	$ 737	$ 2,858	$ (214)		1,466	(74)	3,281
Foreign:
Current										209	436	391
Deferred										25	(121)	(95)
U.S.:
Current										427	140	429
Deferred										6,865	(270)	334
Income tax expense (benefit)										7,526	185	1,059
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)
Consolidated total amounts										1,476	(159)	3,281
Amounts attributable to discontinued operations										10	(85)	0
Income (loss) from continuing operations before income tax expense (benefit)	875	(2,803)	1,667	1,727	(3,455)	737	2,858	(214)		1,466	(74)	3,281
Reconciliation between actual income tax (benefit) expense and statutory U.S. federal amount computed by applying the federal income tax rate, tax expense/benefit
U.S. federal income tax at statutory rate										517	(56)	1,148
Consolidated total amounts										7,532	190	1,059
Amounts attributable to discontinued operations										6	5	0
Income tax expense (benefit)										7,526	185	1,059
Adjustments:
Tax exempt interest										(111)	(178)	(195)
Uncertain tax positions										660	268	195
Reclassifications from accumulated other comprehensive income										(184)	(132)	(127)
Partial completion of Internal Revenue Service examination											116	109
Tax exempt income										201	253	195
Cross Border Financing Transactions										660	216	324
Dispositions of Subsidiaries										17	118	0
Tax Attribute Restoration										0	(164)	0
Non-controlling Interest										(7)	(81)	0
Non-deductible transfer pricing charges										35	102	97
Dividends received deduction										(90)	(75)	(72)
Effect of foreign operations										69	234	(58)
Share-based compensation payments excess tax deduction										(40)	0	0
State income taxes										(9)	23	34
Impact of Tax Act	6,687									6,687	0	0
Other										(58)	13	(73)
Effect of discontinued operations										3	35	0
Valuation allowance
Continuing operations										43	$ 83	$ 110
Increase (Decrease) in certain other valuation allowances associated with foreign jurisdictions										43
Increase (Decrease) in certain other valuation allowances associated with certain state jurisdictions.		(26)								(634)
Valuation allowance related to unrealized losses that are no more-likely-than-not to be realized										$ 43
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)									21.00%	35.00%	35.00%	35.00%
Consolidated total amounts (as a percent)										510.30%	(119.50%)	32.30%
Amounts attributable to discontinued operations (as a percent)										60.00%	(5.90%)	0.00%
Adjustments:
Amounts attributable to continuing operations (as a percent)										513.40%	(250.00%)	32.30%
Tax exempt interest (as a percent)										(7.50%)	111.90%	(5.90%)
Uncertain Tax Positions (as a percent)										44.70%	(168.60%)	5.90%
Reclassification from accumulated other comprehensive income (as a percent)										(12.50%)	83.00%	(3.90%)
Dispositions of Subsidiaries (as a percent)										1.20%	(74.20%)
Tax Attribute Restoration (as a percent)										0.00%	103.10%	0.00%
Non-controlling Interest (as a percent)										(0.50%)	50.90%
Non-deductible transfer pricing charges (as a percent)										2.40%	(64.20%)	3.00%
Dividends received deduction (as a percent)										(6.10%)	47.20%	(2.20%)
Effect of foreign operations (as a percent)										4.70%	(147.20%)	(1.80%)
Share-based compensation payments excess tax deduction (as a percent)										(2.70%)	0.00%	0.00%
State income taxes (as a percent)										(0.60%)	(14.50%)	1.00%
Impact of Tax Act (as a percent)										453.00%	0.00%	0.00%
Other (as a percent)										(3.90%)	(8.20%)	(2.20%)
Effect of discontinued operations (as a percent)										0.20%	(22.00%)	0.00%
Valuation allowance (as a percent):
Continuing operations (as a percent)										2.90%	(52.20%)	3.40%
Undistributed Earnings of Foreign Subsidiaries	0									$ 0
Accounting for Uncertainty in Income Taxes
Unrecognized tax benefits, excluding interest and penalties	4,707				4,530					4,707	$ 4,530	$ 4,331	$ 4,395
Unrecognized tax benefits, if recognized would not affect the effective tax rate	28				66					28	66	115
Unrecognized tax benefits, if recognized would favorably affect the effective tax rate	4,700				4,400					4,700	4,400	4,200
Unrecognized tax benefits, interest and penalties accrued	2,000				1,200					2,000	1,200	1,200
Unrecognized tax benefits, interest net of the federal benefit (expense) and penalties										$ 776	26	156
Deferred tax asset valuation allowance recognized	$ 40	$ 24	$ (8)	$ (13)	$ 87	$ (2)	$ 35	$ (37)
US Life companies capital loss carryforward
Valuation allowance
Continuing operations												$ 0
Other valuation allowance associated with foreign jurisdictions | Residential mortgages dispute resolution
Adjustments:
Other											$ 0

INCOME TAXES (Details - Compone

INCOME TAXES (Details - Components of the net deferred tax assets (liabilities) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Deferred tax assets:
Life policy reserves	$ 1,996	$ 3,040
Losses and tax credit carryforwards	11,931	16,448
Basis differences on investments	2,133	4,985
Accruals not currently deductible, and other	532	1,128
Deferred Tax Assets, Investments in foreign subsidiaries	159	103
Loss reserve discount	526	1,151
Loan loss and other reserves	34	39
Unearned premium reserve reduction	566	924
Fixed assets and intangible assets	442	478
Other	731	710
Employee benefits	601	1,171
Total deferred tax assets	19,651	30,177
Deferred tax liabilities:
Deferred policy acquisition costs	(2,313)	(3,790)
Unrealized gains related to available for sale debt securities	(2,151)	(2,844)
Total deferred tax liabilities	(4,464)	(6,634)
Net deferred tax assets before valuation allowance	15,187	23,543
Valuation allowance	(1,374)	(2,831)
Net deferred tax assets (liabilities)	$ 13,813	$ 20,712

INCOME TAXES (Details - U.S. co

INCOME TAXES (Details - U.S. consolidated income tax group tax losses and credits carryforwards) $ in Millions	12 Months Ended
	Dec. 31, 2017USD ($)
AIG U.S. consolidated income tax group tax losses and credits carryforwards, gross
Net operating loss carryforwards	$ 35,592
Capital Loss Carryforwards	305
AIG U.S. consolidated income tax group tax losses and credits carryforwards, tax effected
Net operating loss carryforwards	7,474
Capital Loss Carryforwards	64
Foreign tax credit carryforwards	4,481
Other carryforwards	1,154
Total AIG U.S. consolidated income tax group tax losses and credits carryforwards on a tax return basis	13,173
Unrecognized tax benefit	(2,543)
Total AIG U.S. consolidated income tax group tax losses and credits carryforwards on a U.S.GAAP basis	10,630
Other carryforwards include general business credits	$ 118
Other Operating Loss Carryforward
AIG U.S. consolidated income tax group tax losses and credits carryforwards, tax effected
Expiration periods	Various
Capital Loss Carryforward
AIG U.S. consolidated income tax group tax losses and credits carryforwards, tax effected
Expiration periods	2,022
Maximum | Operating loss carryforward
AIG U.S. consolidated income tax group tax losses and credits carryforwards, tax effected
Expiration periods	2,037
Maximum | Foreign tax credit carryforwards
AIG U.S. consolidated income tax group tax losses and credits carryforwards, tax effected
Expiration periods	2,022
Minimum | Operating loss carryforward
AIG U.S. consolidated income tax group tax losses and credits carryforwards, tax effected
Expiration periods	2,028
Minimum | Foreign tax credit carryforwards
AIG U.S. consolidated income tax group tax losses and credits carryforwards, tax effected
Expiration periods	2,018

INCOME TAXES (Details - Assessm

INCOME TAXES (Details - Assessment of Deferred Tax Asset (liabilities) Valuation Allowance) - USD ($) $ in Millions	Feb. 26, 2009	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Deferred Tax Assets, Liabilities [Line Items]
Change in valuation allowance		$ 40	$ 24	$ (8)	$ (13)	$ 87	$ (2)	$ 35	$ (37)
Continuing operations										$ 43	$ 83	$ 110
Deferred tax asset valuation allowance related to tax attributes that expired										0
Net deferred tax assets (liabilities) on a U.S. GAAP basis
Valuation allowance		(1,374)				(2,831)				(1,374)	(2,831)
Net deferred tax assets (liabilities)		13,813				20,712				13,813	20,712
Net foreign, state & local deferred tax assets		15,187				23,543				15,187	23,543
Net U.S, foreign, state & local deferred tax assets		14,033				21,332				14,033	21,332
Net foreign, state & local deferred tax liabilities		(4,464)				(6,634)				(4,464)	(6,634)
Non-Life Companies [Member]
Deferred Tax Assets, Liabilities [Line Items]
Deferred tax asset valuation allowance allocated to other comprehensive income										260
Life Insurance Companies [Member]
Deferred Tax Assets, Liabilities [Line Items]
Deferred tax asset valuation allowance allocated to other comprehensive income										468
Deferred tax asset - U.S. consolidated income tax group
Deferred Tax Assets, Liabilities [Line Items]
Change in valuation allowance										13,400	20,900
Continuing operations										10,600
Deferred tax asset valuation allowance recognized related to certain state, local and foreign jurisdictions										0
Net deferred tax assets (liabilities) on a U.S. GAAP basis
Net U.S. consolidated return group deferred tax assets		15,603				24,134				15,603	24,134
Net deferred tax assets (liabilities) in Accumulated other comprehensive income		(2,070)				(2,384)				(2,070)	(2,384)
Valuation allowance		(86)				(874)				(86)	(874)
Net deferred tax assets (liabilities)		13,447				20,876				13,447	20,876
Refund of taxes, interest and penalties sought	$ 306
Deferred tax liability - foreign, state and local
Net deferred tax assets (liabilities) on a U.S. GAAP basis
Valuation allowance		(1,288)				(1,957)				(1,288)	(1,957)
Net deferred tax assets (liabilities)		586				456				586	456
Net foreign, state & local deferred tax assets		1,874				2,413				1,874	2,413
Net foreign, state & local deferred tax liabilities		(220)				(620)				(220)	(620)
Net foreign, state & local deferred tax liabilities		$ 366				$ (164)				$ 366	$ (164)

INCOME TAXES (Details - Account

INCOME TAXES (Details - Accounting For Uncertainty in Income Taxes) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Rollforward of the beginning and ending balances of the total amounts of gross unrecognized tax benefits
Gross unrecognized tax benefits, beginning of year	$ 4,530	$ 4,331	$ 4,395
Increases in tax positions for prior years	210	235	162
Decreases in tax positions for prior years	(33)	(39)	(209)
Increases in tax positions for current year	0	3	0
Lapse in statute of limitations	0	0	(4)
Settlements	0	0	(13)
Activity of discontinued operations	0	0	0
Gross unrecognized tax benefits, end of year	4,707	4,530	4,331
Unrecognized tax benefits, if recognized would not affect the effective tax rate	28	66	115
Unrecognized tax benefits, if recognized would favorably affect the effective tax rate	4,700	4,400	4,200
Unrecognized tax benefits, interest and penalties accrued	2,000	1,200	1,200
Unrecognized tax benefits, interest net of the federal benefit (expense) and penalties	776	$ 26	$ 156
Decrease in Unrecognized Tax Benefits is Reasonably Possible in the next twelve months	$ 3,900

INCOME TAXES (Details - Tax Yea

INCOME TAXES (Details - Tax Years that remain open in Income Taxes)	12 Months Ended
	Dec. 31, 2017
UNITED STATES | Minimum [Member]
Income Tax Contingency [Line Items]
Open Tax Year	2,000
UNITED STATES | Maximum [Member]
Income Tax Contingency [Line Items]
Open Tax Year	2,016
Australia [Member] | Minimum [Member]
Income Tax Contingency [Line Items]
Open Tax Year	2,013
Australia [Member] | Maximum [Member]
Income Tax Contingency [Line Items]
Open Tax Year	2,016
FRANCE [Member] | Minimum [Member]
Income Tax Contingency [Line Items]
Open Tax Year	2,015
FRANCE [Member] | Maximum [Member]
Income Tax Contingency [Line Items]
Open Tax Year	2,016
JAPAN [Member} | Minimum [Member]
Income Tax Contingency [Line Items]
Open Tax Year	2,011
JAPAN [Member} | Maximum [Member]
Income Tax Contingency [Line Items]
Open Tax Year	2,016
KOREA [Member] | Minimum [Member]
Income Tax Contingency [Line Items]
Open Tax Year	2,012
KOREA [Member] | Maximum [Member]
Income Tax Contingency [Line Items]
Open Tax Year	2,016
SINGAPORE [Member] | Minimum [Member]
Income Tax Contingency [Line Items]
Open Tax Year	2,012
SINGAPORE [Member] | Maximum [Member]
Income Tax Contingency [Line Items]
Open Tax Year	2,016
United Kingdom | Minimum [Member]
Income Tax Contingency [Line Items]
Open Tax Year	2,015
United Kingdom | Maximum [Member]
Income Tax Contingency [Line Items]
Open Tax Year	2,016

QUARTERLY FINANCIAL INFORMAT159

QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Details - Consolidated Statements of Income (Loss)) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
Total revenues	$ 12,635	$ 11,751	$ 12,502	$ 12,632	$ 13,010	$ 12,854	$ 14,724	$ 11,779	$ 49,520	$ 52,367	$ 58,327
Income (loss) from continuing operations before income tax expense (benefit)	875	(2,803)	1,667	1,727	(3,455)	737	2,858	(214)	1,466	(74)	3,281
Income (loss) from discontinued operations, net of income tax expense	(3)	(1)	8	0	(36)	3	(10)	(47)	4	(90)	0
Net income (loss)	(6,672)	(1,713)	1,118	1,211	(2,506)	436	1,924	(203)	(6,056)	(349)	2,222
Net income (loss) from continuing operations attributable to noncontrolling interests	(12)	26	(12)	26	535	(26)	11	(20)	28	500	26
Net income (loss) attributable to AIG	$ (6,660)	$ (1,739)	$ 1,130	$ 1,185	$ (3,041)	$ 462	$ 1,913	$ (183)	$ (6,084)	$ (849)	$ 2,196
Basic:
Income (loss) from continuing operations	$ (7.33)	$ (1.91)	$ 1.21	$ 1.21	$ (2.93)	$ 0.43	$ 1.73	$ (0.12)	$ (6.54)	$ (0.7)	$ 1.69
Income (loss) from discontinued operations	0	0	0.01	0	(0.03)	0	(0.01)	(0.04)	0	(0.08)	0
Diluted:
Income (loss) from continuing operations	(7.33)	(1.91)	1.18	1.18	(2.93)	0.42	1.69	(0.12)	(6.54)	(0.7)	1.65
Income (loss) from discontinued operations	$ 0	$ 0	$ 0.01	$ 0	$ (0.03)	$ 0	$ (0.01)	$ (0.04)	$ 0	$ (0.08)	$ 0
Weighted average shares outstanding:
Basic	908,115,499	908,667,044	925,751,084	980,777,243	1,023,886,592	1,071,295,892	1,113,587,927	1,156,548,459	930,561,286	1,091,085,131	1,299,825,350
Diluted	908,115,499	908,667,044	948,248,771	1,005,315,030	1,023,886,592	1,102,400,770	1,140,045,973	1,156,548,459	930,561,286	1,091,085,131	1,334,464,883
Noteworthy quarterly items income (expense):
Other-than-temporary impairments	$ 37	$ 88	$ 67	$ 68	$ 145	$ 102	$ 108	$ 204	$ 227	$ 487	$ 591
Income (loss) from divested businesses	(241)	13	60	100	(194)	(128)	(225)	2	68	545	(11)
Federal and foreign valuation allowance for deferred tax assets	40	24	(8)	(13)	87	(2)	35	(37)
Gain (Loss) on extinguishment of debt	(1)	1	(4)	(1)	(2)	(14)	7	83	5	(74)	(756)
Total prior year (favourable) unfavorable development	212	901	391	61	5,574	273	7	(66)
Restructuring and other costs	154	$ 31	$ 47	$ 181	206	210	90	188
Impact of Tax Act	$ 6,687								$ 6,687	0	0
Adjustment
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
Income (loss) from continuing operations before income tax expense (benefit)					(12)
Net income (loss) attributable to AIG					(154)
Adjusted Pre-Tax Income (Loss)					$ (1)
Adjustments 2016 [Member]
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
Income (loss) from continuing operations before income tax expense (benefit)										(57)
Net income (loss) attributable to AIG						$ (65)	$ 66	$ 19		(174)	$ (67)	$ (12)
Adjusted Pre-Tax Income (Loss)										$ (6)

INFORMATION PROVIDED IN CONN160

INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT (Details - Condensed Consolidating Balance Sheets) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Assets:
Short-term investments	$ 10,386	$ 12,302
Other investments	311,906	315,873
Total investments	322,292	328,175
Cash	2,362	1,868	$ 1,629	$ 1,758
Loans to subsidiaries	0
Investment in consolidated subsidiaries	0
Other assets, including deferred income taxes	173,647	161,022
Assets held for sale	0	7,199
Total assets	498,301	498,264
Liabilities:
Insurance liabilities	282,105	275,120
Long-term Debt	31,640	30,912
Other liabilities, including intercompany balances	118,848	109,268
Loans from subsidiaries	0
Liabilities held for sale	0	6,106
Total liabilities	432,593	421,406
Total AIG shareholders' equity	65,171	76,300
Non-redeemable noncontrolling interests	537	558
Total equity	65,708	76,858	90,210	107,272
Total liabilities and equity	498,301	498,264
AIG (As Guarantor)
Assets:
Short-term investments	2,541	4,424
Other investments	6,004	7,154
Total investments	8,545	11,578
Cash	3	2	34	26
Loans to subsidiaries	35,004	34,692
Investment in consolidated subsidiaries	40,135	42,582
Other assets, including deferred income taxes	16,016	24,099
Assets held for sale	0
Total assets	99,703	112,953
Liabilities:
Insurance liabilities	0
Long-term Debt	21,557	21,405
Other liabilities, including intercompany balances	12,458	14,671
Loans from subsidiaries	517	577
Liabilities held for sale	0
Total liabilities	34,532	36,653
Total AIG shareholders' equity	65,171	76,300
Non-redeemable noncontrolling interests	0
Total equity	65,171	76,300
Total liabilities and equity	99,703	112,953
AIGLH
Assets:
Short-term investments	0
Other investments	0
Total investments	0
Cash	20	34	116	91
Loans to subsidiaries	0
Investment in consolidated subsidiaries	30,359	27,309
Other assets, including deferred income taxes	170	239
Assets held for sale	0
Total assets	30,549	27,582
Liabilities:
Insurance liabilities	0
Long-term Debt	642	642
Other liabilities, including intercompany balances	143	194
Loans from subsidiaries	0	0
Liabilities held for sale	0
Total liabilities	785	836
Total AIG shareholders' equity	29,764	26,746
Non-redeemable noncontrolling interests	0
Total equity	29,764	26,746
Total liabilities and equity	30,549	27,582
Other Subsidiaries
Assets:
Short-term investments	11,559	13,218
Other investments	305,902	308,719
Total investments	317,461	321,937
Cash	2,339	1,832	1,479	1,641
Loans to subsidiaries	517	576
Investment in consolidated subsidiaries	0
Other assets, including deferred income taxes	159,594	140,743
Assets held for sale	0
Total assets	479,911	472,287
Liabilities:
Insurance liabilities	282,105	275,120
Long-term Debt	9,441	8,865
Other liabilities, including intercompany balances	112,275	103,975
Loans from subsidiaries	35,004	34,691
Liabilities held for sale	0
Total liabilities	438,825	428,757
Total AIG shareholders' equity	40,549	42,972
Non-redeemable noncontrolling interests	537	558
Total equity	41,086	43,530
Total liabilities and equity	479,911	472,287
Reclassification and Eliminations
Assets:
Short-term investments	(3,714)	(5,340)
Other investments	0
Total investments	(3,714)	(5,340)
Cash	0	0	$ 0	$ 0
Loans to subsidiaries	(35,521)	(35,268)
Investment in consolidated subsidiaries	(70,494)	(69,891)
Other assets, including deferred income taxes	(2,133)	(4,059)
Assets held for sale	0
Total assets	(111,862)	(114,558)
Liabilities:
Insurance liabilities	0	0
Long-term Debt	0
Other liabilities, including intercompany balances	(6,028)	(9,572)
Loans from subsidiaries	(35,521)	(35,268)
Liabilities held for sale	0
Total liabilities	(41,549)	(44,840)
Total AIG shareholders' equity	(70,313)	(69,718)
Non-redeemable noncontrolling interests	0
Total equity	(70,313)	(69,718)
Total liabilities and equity	$ (111,862)	$ (114,558)

INFORMATION PROVIDED IN CONN161

INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT (Details - Condensed Consolidating Statements of Income (Loss)) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Revenues:
Equity in earnings of consolidated subsidiaries									$ 0	$ 0	$ 0
Other income									49,520	52,367	58,327
Total revenues	$ 12,635	$ 11,751	$ 12,502	$ 12,632	$ 13,010	$ 12,854	$ 14,724	$ 11,779	49,520	52,367	58,327
Expenses:
Interest expense									1,168	1,260	1,281
(Gains) losses on extinguishment of debt	1	(1)	4	1	2	14	(7)	(83)	(5)	74	756
Other expenses									46,891	51,107	53,009
Total benefits, losses and expenses									48,054	52,441	55,046
Income (loss) from continuing operations before income tax expense (benefit)									1,466	(74)	3,281
Income tax expense (benefit)									7,526	185	1,059
Income (loss) from continuing operations									(6,060)	(259)	2,222
Income (loss) from discontinued operations	(3)	(1)	8	0	(36)	3	(10)	(47)	4	(90)	0
Net income (loss)	(6,672)	(1,713)	1,118	1,211	(2,506)	436	1,924	(203)	(6,056)	(349)	2,222
Less:
Net income (loss) from continuing operations attributable to noncontrolling interests	(12)	26	(12)	26	535	(26)	11	(20)	28	500	26
Net income (loss) attributable to AIG	$ (6,660)	$ (1,739)	$ 1,130	$ 1,185	$ (3,041)	$ 462	$ 1,913	$ (183)	(6,084)	(849)	2,196
AIG (As Guarantor)
Revenues:
Equity in earnings of consolidated subsidiaries									(149)	(1,269)	3,954
Other income									891	516	88
Total revenues									742	(753)	4,042
Expenses:
Interest expense									949	988	1,049
(Gains) losses on extinguishment of debt									2	77	703
Other expenses									952	295	1,178
Total benefits, losses and expenses									1,903	1,360	2,930
Income (loss) from continuing operations before income tax expense (benefit)									(1,161)	(2,113)	1,112
Income tax expense (benefit)									4,922	(1,301)	(1,086)
Income (loss) from continuing operations									(6,083)	(812)	2,198
Income (loss) from discontinued operations									(1)	(37)	(2)
Net income (loss)									(6,084)	(849)	2,196
Less:
Net income (loss) from continuing operations attributable to noncontrolling interests									0	0	0
Net income (loss) attributable to AIG									(6,084)	(849)	2,196
AIGLH
Revenues:
Equity in earnings of consolidated subsidiaries									1,978	(197)	1,936
Other income									0	5	0
Total revenues									1,978	(192)	1,936
Expenses:
Interest expense									50	51	58
(Gains) losses on extinguishment of debt									0	0	0
Other expenses									2	16	44
Total benefits, losses and expenses									52	67	102
Income (loss) from continuing operations before income tax expense (benefit)									1,926	(259)	1,834
Income tax expense (benefit)									(3)	(21)	(73)
Income (loss) from continuing operations									1,929	(238)	1,907
Income (loss) from discontinued operations									0	0	0
Net income (loss)									1,929	(238)	1,907
Less:
Net income (loss) from continuing operations attributable to noncontrolling interests									0	0	0
Net income (loss) attributable to AIG									1,929	(238)	1,907
Other Subsidiaries
Revenues:
Equity in earnings of consolidated subsidiaries									0	0	0
Other income									48,802	52,875	58,953
Total revenues									48,802	52,875	58,953
Expenses:
Interest expense									176	227	302
(Gains) losses on extinguishment of debt									(7)	(3)	46
Other expenses									46,116	51,819	52,374
Total benefits, losses and expenses									46,285	52,043	52,722
Income (loss) from continuing operations before income tax expense (benefit)									2,517	832	6,231
Income tax expense (benefit)									2,607	1,507	2,218
Income (loss) from continuing operations									(90)	(675)	4,013
Income (loss) from discontinued operations									5	(53)	2
Net income (loss)									(85)	(728)	4,015
Less:
Net income (loss) from continuing operations attributable to noncontrolling interests									28	500	26
Net income (loss) attributable to AIG									(113)	(1,228)	3,989
Reclassification and Eliminations
Revenues:
Equity in earnings of consolidated subsidiaries									(1,829)	1,466	(5,890)
Other income									(173)	(1,029)	(714)
Total revenues									(2,002)	437	(6,604)
Expenses:
Interest expense									(7)	(6)	(128)
(Gains) losses on extinguishment of debt									0	0	7
Other expenses									(179)	(1,023)	(587)
Total benefits, losses and expenses									(186)	(1,029)	(708)
Income (loss) from continuing operations before income tax expense (benefit)									(1,816)	1,466	(5,896)
Income tax expense (benefit)									0	0	0
Income (loss) from continuing operations									(1,816)	1,466	(5,896)
Income (loss) from discontinued operations									0	0	0
Net income (loss)									(1,816)	1,466	(5,896)
Less:
Net income (loss) from continuing operations attributable to noncontrolling interests									0	0	0
Net income (loss) attributable to AIG									$ (1,816)	$ 1,466	$ (5,896)

INFORMATION PROVIDED IN CONN162

INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT (Details - Condensed Consolidating Statements of Comprehensive Income (Loss)) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	$ (6,672)	$ (1,713)	$ 1,118	$ 1,211	$ (2,506)	$ 436	$ 1,924	$ (203)	$ (6,056)	$ (349)	$ 2,222
Other Comprehensive Income (Loss)									2,235	693	(8,086)
Comprehensive income (loss)									(3,821)	344	(5,864)
Total comprehensive income (loss) attributable to noncontrolling interests									28	500	20
Comprehensive income (loss) attributable to AIG									(3,849)	(156)	(5,884)
AIG (As Guarantor)
Condensed Financial Statements, Captions [Line Items]
Net income (loss)									(6,084)	(849)	2,196
Other Comprehensive Income (Loss)									2,235	693	(8,080)
Comprehensive income (loss)									(3,849)	(156)	(5,884)
Total comprehensive income (loss) attributable to noncontrolling interests									0	0	0
Comprehensive income (loss) attributable to AIG									(3,849)	(156)	(5,884)
AIGLH
Condensed Financial Statements, Captions [Line Items]
Net income (loss)									1,929	(238)	1,907
Other Comprehensive Income (Loss)									7,851	4,080	2,320
Comprehensive income (loss)									9,780	3,842	4,227
Total comprehensive income (loss) attributable to noncontrolling interests									0	0	0
Comprehensive income (loss) attributable to AIG									9,780	3,842	4,227
Other Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net income (loss)									(85)	(728)	4,015
Other Comprehensive Income (Loss)									17,857	52,153	54,757
Comprehensive income (loss)									17,772	51,425	58,772
Total comprehensive income (loss) attributable to noncontrolling interests									28	500	20
Comprehensive income (loss) attributable to AIG									17,744	50,925	58,752
Reclassification and Eliminations
Condensed Financial Statements, Captions [Line Items]
Net income (loss)									(1,816)	1,466	(5,896)
Other Comprehensive Income (Loss)									(25,708)	(56,233)	(57,083)
Comprehensive income (loss)									(27,524)	(54,767)	(62,979)
Total comprehensive income (loss) attributable to noncontrolling interests									0	0	0
Comprehensive income (loss) attributable to AIG									$ (27,524)	$ (54,767)	$ (62,979)

INFORMATION PROVIDED IN CONN163

INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT (Details - Condensed Consolidating Statements of Cash Flows) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	$ (8,585)	$ 2,383	$ 2,877
Cash flows from investing activities:
Sales of investments	77,291	75,644	72,616
Sale of divested businesses, net	792	2,809	0
Purchase of investments	(63,246)	(69,985)	(65,265)
Loans to subsidiaries - net	0	0
Contributions from (to) subsidiaries - net	0	0
Net change in restricted cash	(121)	385	1,457
Net change in short-term investments	2,098	(3,089)	1,163
Other, net	(2,143)	(1,020)	(1,509)
Net cash provided by (used in) investing activities	14,671	4,744	8,462
Cash flows from financing activities:
Issuance of long-term debt	3,356	5,954	6,867
Repayments of long-term debt	(3,698)	(4,082)	(9,805)
Purchase of Common Stock	(6,275)	(11,460)	(10,691)
Cash dividends paid	(1,172)	(1,372)	(1,028)
Other, net	2,092	4,127	3,228
Net cash provided by (used in) financing activities	(5,697)	(6,833)	(11,429)
Effect of exchange rate changes on cash	(28)	52	(39)
Net increase (decrease) in cash	361	346	(129)
Cash at beginning of year	1,868	1,629	1,758
Change in cash of businesses held for sale	133	(107)	0
Cash at end of Period	2,362	1,868	1,629
Interest:
Third party	(1,282)	(1,331)	(1,368)
Intercompany	0	0	0
Taxes:
Income tax authorities	(544)	(493)	(511)
Intercompany	0	0	0
Aer Cap
Non-cash financing and investing activities:
Non-cash consideration received from sale	0	0	500
United Guaranty Corporation [Member]
Non-cash financing and investing activities:
Non-cash consideration received from sale	0	1,101	0
AIG (As Guarantor)
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	36	2,112	4,443
Cash flows from investing activities:
Sales of investments	5,821	5,769	7,767
Sale of divested businesses, net	40	2,160	0
Purchase of investments	(2,465)	(1,002)	(1,881)
Loans to subsidiaries - net	199	1,525	(83)
Contributions from (to) subsidiaries - net	2,446	1,637	565
Net change in short-term investments	1,990	(789)	2,300
Other, net	(183)	(141)	(175)
Net cash provided by (used in) investing activities	7,848	9,159	8,493
Cash flows from financing activities:
Issuance of long-term debt	1,505	3,831	5,540
Repayments of long-term debt	(1,724)	(1,996)	(6,504)
Purchase of Common Stock	(6,275)	(11,460)	(10,691)
Intercompany loans - net	(63)	3	(201)
Cash dividends paid	(1,172)	(1,372)	(1,028)
Other, net	(154)	(309)	(44)
Net cash provided by (used in) financing activities	(7,883)	(11,303)	(12,928)
Net increase (decrease) in cash	1	(32)	8
Cash at beginning of year	2	34	26
Cash at end of Period	3	2	34
Interest:
Third party	(948)	(975)	(1,030)
Intercompany	0	2	0
Taxes:
Income tax authorities	(329)	(15)	(11)
Intercompany	614	479	829
Non-cash financing and investing activities:
Return of capital	26	0	0
Dividends received in the form of securities	735	5,234	2,326
Capital contributions	259	3,245	494
Fixed maturity securities received in exchange for equity securities	0	440	0
AIGLH
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	1,413	1,707	2,314
Cash flows from investing activities:
Sales of investments	0	0	0
Sale of divested businesses, net	0		0
Purchase of investments	0	0	0
Loans to subsidiaries - net	0	0	0
Contributions from (to) subsidiaries - net	0	0	0
Net change in restricted cash	0	0	0
Net change in short-term investments	0	0	0
Other, net	(5)	0	0
Net cash provided by (used in) investing activities	(5)	0	0
Cash flows from financing activities:
Issuance of long-term debt	0	0	0
Repayments of long-term debt	0	(63)	(114)
Issuance of Common Stock			0
Purchase of Common Stock	0		0
Intercompany loans - net	0	(3)	3
Cash dividends paid	(1,422)	(1,723)	(2,178)
Other, net	0	0	0
Net cash provided by (used in) financing activities - continuing operations		(1,789)	(2,289)
Net cash provided by (used in) financing activities	(1,422)	(1,789)	(2,289)
Net increase (decrease) in cash	(14)	(82)	25
Cash at beginning of year	34	116	91
Cash at end of Period	20	34	116
Interest:
Third party	(48)	(52)	(59)
Intercompany	(1)	0	0
Taxes:
Intercompany	0	0	0
Other Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	(7,426)	2,515	1,112
Cash flows from investing activities:
Sales of investments	75,228	81,560	69,726
Sale of divested businesses, net	752		0
Purchase of investments	(64,539)	(80,668)	(68,261)
Loans to subsidiaries - net	63	(3)	367
Contributions from (to) subsidiaries - net	0	0	0
Net change in restricted cash	(121)	385	1,457
Net change in short-term investments	108	(2,300)	(1,137)
Other, net	(1,955)	(879)	(1,334)
Net cash provided by (used in) investing activities	9,536	(1,256)	818
Cash flows from financing activities:
Issuance of long-term debt	1,851	2,123	1,327
Repayments of long-term debt	(1,974)	(2,023)	(3,187)
Issuance of Common Stock			0
Purchase of Common Stock	0		0
Intercompany loans - net	(199)	(1,522)	(86)
Cash dividends paid	(1,186)	(2,228)	(2,814)
Other, net	(200)	2,799	2,707
Net cash provided by (used in) financing activities	(1,708)	(851)	(2,053)
Effect of exchange rate changes on cash	(28)	52	(39)
Net increase (decrease) in cash	374	460	(162)
Cash at beginning of year	1,832	1,479	1,641
Change in cash of businesses held for sale	133	(107)
Cash at end of Period	2,339	1,832	1,479
Interest:
Third party	(286)	(304)	(279)
Intercompany	1	(2)	0
Taxes:
Income tax authorities	(215)	(478)	(500)
Intercompany	(614)	(479)	(829)
Reclassification and Eliminations
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	(2,608)	(3,951)	(4,992)
Cash flows from investing activities:
Sales of investments	(3,758)	(11,685)	(4,877)
Sale of divested businesses, net	0	0	0
Purchase of investments	3,758	11,685	4,877
Loans to subsidiaries - net	(262)	(1,522)	(284)
Contributions from (to) subsidiaries - net	(2,446)	(1,637)	(565)
Net change in restricted cash	0	0	0
Net change in short-term investments	0	0	0
Other, net	0	0	0
Net cash provided by (used in) investing activities	(2,708)	(3,159)	(849)
Cash flows from financing activities:
Issuance of long-term debt	0	0	0
Repayments of long-term debt	0	0	0
Issuance of Common Stock			0
Purchase of Common Stock	0	0	0
Intercompany loans - net	262	1,522	284
Cash dividends paid	2,608	3,951	4,992
Other, net	2,446	1,637	565
Net cash provided by (used in) financing activities	5,316	7,110	5,841
Effect of exchange rate changes on cash	0	0	0
Net increase (decrease) in cash	0	0
Cash at beginning of year	0	0	0
Cash at end of Period	0	0	0
Interest:
Third party	0	0	0
Intercompany	0	0	0
Taxes:
Income tax authorities	0	0	0
Intercompany	$ 0	$ 0	$ 0

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($) $ / shares in Units, $ in Billions

Feb. 08, 2018

Jan. 21, 2018

Dec. 22, 2017

Sep. 29, 2017

Jun. 28, 2017

Mar. 29, 2017

Dec. 22, 2016

Sep. 29, 2016

Jun. 27, 2016

Mar. 28, 2016

Dec. 21, 2015

Sep. 28, 2015

Jun. 25, 2015

Mar. 26, 2015

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

May 03, 2017

Subsequent Event [Line Items]

Dividends declared per common share

$ 1.28

$ 1.28

$ 0.81

Authorized amount of common Stock share repurchase

$ 2.5

Aggregate remaining authorization amount of common Stock share repurchase

$ 2.3

Date of Shareholders of Record

Dec. 8, 2017

Sep. 15, 2017

Jun. 14, 2017

Mar. 15, 2017

Dec. 8, 2016

Sep. 15, 2016

Jun. 13, 2016

Mar. 14, 2016

Dec. 7, 2015

Sep. 14, 2015

Jun. 11, 2015

Mar. 12, 2015

Subsequent event

Subsequent Event [Line Items]

Dividends declared per common share

$ 0.32

Date Dividends Declared

Feb. 8, 2018

Date Dividends To Be Paid

Mar. 29, 2018

Date of Shareholders of Record

Mar. 15, 2018

Subsequent event | Validus Holdings, Ltd

Subsequent Event [Line Items]

Payments to Acquire Business

$ 5.6

Transaction is expected to close

mid2018

Subsequent event | DSA Reinsurance Company, Ltd.

Subsequent Event [Line Items]

AIG Ownership Percent

100.00%

Subsequent event | DSA Reinsurance Company, Ltd. | Life and Retirement Companies

Subsequent Event [Line Items]

Transfer of reserves from various segment run off lines

$ 32

Subsequent event | DSA Reinsurance Company, Ltd. | General Insurance Companies

Subsequent Event [Line Items]

Transfer of reserves from various segment run off lines

5

Subsequent event | DSA Reinsurance Company, Ltd. | Legacy reporting segment

Subsequent Event [Line Items]

Percent of Insurance reserves in the Legacy reporting segment transferred

80.00%

Subsequent event | DSA Reinsurance Company, Ltd. | AIG Asset Management

Subsequent Event [Line Items]

Invested Assets the Licensed reinsurer will have

$ 40

Schedule I Summary of Invest165

Schedule I Summary of Investments - Other than Investments in Related Parties (Details) $ in Millions	Dec. 31, 2017USD ($)
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Cost	$ 309,140
Fair Value	323,959
Amount at which shown in the Balance Sheet	323,214
Fixed maturity securities
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Cost	238,233
Fair Value	251,764
Amount at which shown in the Balance Sheet	251,764
U.S. government and government sponsored entities
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Cost	5,334
Fair Value	5,458
Amount at which shown in the Balance Sheet	5,458
Obligations of states, municipalities and political subdivisions
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Cost	17,377
Fair Value	18,644
Amount at which shown in the Balance Sheet	18,644
Non-U.S. government
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Cost	15,116
Fair Value	15,716
Amount at which shown in the Balance Sheet	15,716
Public utilities
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Cost	17,654
Fair Value	18,870
Amount at which shown in the Balance Sheet	18,870
All other corporate and debt securities
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Cost	110,565
Fair Value	117,215
Amount at which shown in the Balance Sheet	117,215
Mortgage-backed, asset-backed and collateralized
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Cost	72,187
Fair Value	75,861
Amount at which shown in the Balance Sheet	75,861
Equity securities and mutual funds
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Cost	1,894
Fair Value	2,297
Amount at which shown in the Balance Sheet	2,297
Common Stock
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Cost	1,251
Fair Value	1,610
Amount at which shown in the Balance Sheet	1,610
Public utilities
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Cost	1
Fair Value	1
Amount at which shown in the Balance Sheet	1
Banks, trust and insurance companies
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Cost	924
Fair Value	1,126
Amount at which shown in the Balance Sheet	1,126
Industrial, miscellaneous and all other
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Cost	326
Fair Value	483
Amount at which shown in the Balance Sheet	483
Preferred stock
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Cost	504
Fair Value	533
Amount at which shown in the Balance Sheet	533
Mutual funds
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Cost	139
Fair Value	154
Amount at which shown in the Balance Sheet	154
Mortgage and other loans receivable, net of allowance
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Cost	37,023
Fair Value	37,766
Amount at which shown in the Balance Sheet	37,023
Other invested assets
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Cost	20,682
Fair Value	20,824
Amount at which shown in the Balance Sheet	20,822
Short-term investments, at cost
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Cost	10,386
Fair Value	10,386
Amount at which shown in the Balance Sheet	10,386
Derivative assets
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Cost	922
Fair Value	922
Amount at which shown in the Balance Sheet	$ 922

Schedule II Condensed Financ166

Schedule II Condensed Financial Information of Registrant - Parent Company Only (Details - Balance Sheets) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Assets:
Short-term investments	$ 10,386	$ 12,302
Other Investments	20,822	24,538
Total investments	322,292	328,175
Cash	2,362	1,868	$ 1,629	$ 1,758
Loans to subsidiaries	0
Deferred income taxes	14,033	21,332
Investment in consolidated subsidiaries	0
Other assets	10,194	10,815
Total assets	498,301	498,264
Liabilities:
Outstanding debt	31,640	30,912
Loans from subsidiaries	0
Total liabilities	432,593	421,406
AIG Shareholders' equity:
Common stock	4,766	4,766
Treasury stock	(47,595)	(41,471)
Additional paid-in capital	81,078	81,064
Retained earnings	21,457	28,711
Accumulated other comprehensive income (loss)	5,465	3,230	2,537	10,617
Total AIG shareholders' equity	65,171	76,300
Total liabilities and equity	498,301	498,264
Parent Company [Member]
Assets:
Short-term investments	2,541	4,424
Other Investments	6,004	7,154
Total investments	8,545	11,578
Cash	3	2	$ 34	$ 26
Loans to subsidiaries	35,004	34,692
Due from affiliates - net	1,585	3,460
Intercompany tax receivable	3,058	5,129
Deferred income taxes	11,030	15,169
Investment in consolidated subsidiaries	40,135	42,582
Other assets	343	341
Total assets	99,703	112,953
Liabilities:
Due to affiliate	4,340	6,083
Intercompany tax payable	4,577	4,152
Outstanding debt	21,557	21,405
Loans from subsidiaries	517	577
Other liabilities (includes intercompany derivative liabilities of $63 in 2017 and $419 in 2016)	3,541	4,436
Total liabilities	34,532	36,653
AIG Shareholders' equity:
Common stock	4,766	4,766
Treasury stock	(47,595)	(41,471)
Additional paid-in capital	81,078	81,064
Retained earnings	21,457	28,711
Accumulated other comprehensive income (loss)	5,465	3,230
Total AIG shareholders' equity	65,171	76,300
Total liabilities and equity	99,703	112,953
Intercompany derivative liabilities	63	419
Parent Company [Member] | Series AIGFP
Liabilities:
Outstanding debt	21	31
Parent Company [Member] | MIP
Liabilities:
Outstanding debt	356	1,099
Parent Company [Member] | Notes and bonds payable
Liabilities:
Outstanding debt	20,339	19,432
Parent Company [Member] | Junior subordinated debt
Liabilities:
Outstanding debt	$ 841	$ 843

Schedule II Condensed Financ167

Schedule II Condensed Financial Information of Registrant - Parent Company Only (Details - Statements of Income) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Revenues:
Net realized capital gains (losses)									$ (1,380)	$ (1,944)	$ 776
Other income									2,412	3,121	4,088
Expenses
Interest expense									1,168	1,260	1,281
(Gains) losses on extinguishment of debt	$ 1	$ (1)	$ 4	$ 1	$ 2	$ 14	$ (7)	$ (83)	(5)	74	756
Net (gain) loss on sale of divested businesses	241	(13)	(60)	(100)	194	128	225	(2)	(68)	(545)	11
Income from continuing operations before income tax expense (benefit)	875	(2,803)	1,667	1,727	(3,455)	737	2,858	(214)	1,466	(74)	3,281
Income tax expense (benefit)									7,526	185	1,059
Net income (loss) attributable to AIG common shareholders from continuing operations									(6,088)	(759)	2,196
Income (loss) from discontinued operations	(3)	(1)	8	0	(36)	3	(10)	(47)	4	(90)	0
Net income (loss) attributable to AIG	$ (6,660)	$ (1,739)	$ 1,130	$ 1,185	$ (3,041)	$ 462	$ 1,913	$ (183)	(6,084)	(849)	2,196
United Guaranty Asia
Expenses
Net (gain) loss on sale of divested businesses										(697)
Parent Company [Member]
Revenues:
Equity in undistributed net income (loss) of consolidated subsidiaries									(2,375)	(8,633)	(2,929)
Dividend income from consolidated subsidiaries									2,226	7,364	6,883
Interest income									656	411	342
Net realized capital gains (losses)									46	2	(587)
Other income									189	103	333
Expenses
Interest expense									949	988	1,049
(Gains) losses on extinguishment of debt									2	77	703
Net (gain) loss on sale of divested businesses									30	(690)	11
Other expenses									922	985	1,167
Income from continuing operations before income tax expense (benefit)									(1,161)	(2,113)	1,112
Income tax expense (benefit)									4,922	(1,301)	(1,086)
Net income (loss) attributable to AIG common shareholders from continuing operations									(6,083)	(812)	2,198
Income (loss) from discontinued operations									(1)	(37)	(2)
Net income (loss) attributable to AIG									$ (6,084)	$ (849)	$ 2,196

Schedule II Condensed Financ168

Schedule II Condensed Financial Information of Registrant - Parent Company Only (Details - Statements of Comprehensive Income (Loss)) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Condensed Financial Statements, Captions [Line Items]
Net income	$ (6,660)	$ (1,739)	$ 1,130	$ 1,185	$ (3,041)	$ 462	$ 1,913	$ (183)	$ (6,084)	$ (849)	$ 2,196
Other Comprehensive Income (Loss)									2,235	693	(8,086)
Comprehensive income (loss) attributable to AIG									(3,849)	(156)	(5,884)
Parent Company [Member]
Condensed Financial Statements, Captions [Line Items]
Net income									(6,084)	(849)	2,196
Other Comprehensive Income (Loss)									2,235	693	(8,080)
Comprehensive income (loss) attributable to AIG									$ (3,849)	$ (156)	$ (5,884)

Schedule II Condensed Financ169

Schedule II Condensed Financial Information of Registrant - Parent Company Only (Details - Statements of Cash Flows) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	$ (8,585)	$ 2,383	$ 2,877
Cash flows from investing activities:
Sale of divested businesses, net	792	2,809	0
Purchase of investments	(63,246)	(69,985)	(65,265)
Net change in restricted cash	(121)	385	1,457
Net change in short-term investments	2,098	(3,089)	1,163
Contributions from (to) subsidiaries - net	0	0
Mortgage and other loans receivable	(9,369)	(10,651)	(10,140)
Payments received on mortgages and other loan receivables	5,742	6,074	5,104
Loans to subsidiaries - net	0	0
Other, net	(2,143)	(1,020)	(1,509)
Net cash provided by (used in) investing activities	14,671	4,744	8,462
Cash flows from financing activities:
Issuance of long-term debt	3,356	5,954	6,867
Repayments of long-term debt	(3,698)	(4,082)	(9,805)
Cash dividends paid	(1,172)	(1,372)	(1,028)
Purchase of Common Stock	(6,275)	(11,460)	(10,691)
Other, net	31	(68)	(818)
Net cash provided by (used in) financing activities	(5,697)	(6,833)	(11,429)
Net increase (decrease) in cash	361	346	(129)
Cash at beginning of year	1,868	1,629	1,758
Cash at end of Period	2,362	1,868	1,629
Interest:
Third party	(1,282)	(1,331)	(1,368)
Intercompany	0	0	0
Taxes:
Income tax authorities	(544)	(493)	(511)
Intercompany	0	0	0
Aer Cap
Non-cash investing/financing activities:
Non-cash consideration received from sale	0	0	500
United Guaranty Corporation
Non-cash investing/financing activities:
Non-cash consideration received from sale	0	1,101	0
Parent Company [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	36	2,112	4,443
Cash flows from investing activities:
Sales and maturities of investments	5,714	5,598	7,609
Sale of divested businesses, net	40	2,160	0
Purchase of investments	(2,465)	(1,002)	(1,881)
Net change in short-term investments	1,990	(789)	2,300
Contributions from (to) subsidiaries - net	2,446	1,637	565
Mortgage and other loans receivable	0	(85)	0
Payments received on mortgages and other loan receivables	107	171	158
Loans to subsidiaries - net	199	1,525	(83)
Other, net	(183)	(56)	(175)
Net cash provided by (used in) investing activities	7,848	9,159	8,493
Cash flows from financing activities:
Issuance of long-term debt	1,505	3,831	5,540
Repayments of long-term debt	(1,724)	(1,996)	(6,504)
Cash dividends paid	(1,172)	(1,372)	(1,028)
Loans from subsidiaries - net	(63)	3	(201)
Purchase of Common Stock	(6,275)	(11,460)	(10,691)
Other, net	(154)	(309)	(44)
Net cash provided by (used in) financing activities	(7,883)	(11,303)	(12,928)
Net increase (decrease) in cash	1	(32)	8
Cash at beginning of year	2	34	26
Cash at end of Period	3	2	34
Interest:
Third party	(948)	(975)	(1,030)
Intercompany	0	2	0
Taxes:
Income tax authorities	(329)	(15)	(11)
Intercompany	614	479	829
Non-cash investing/financing activities:
Other capital contributions - net	259	3,245	494
Return of capital	26	0	0
Dividends received in the form of securities	735	5,234	2,326
Fixed maturity securities received in exchange for equity securities	$ 0	$ 440	$ 0

Schedule III Supplementary I170

Schedule III Supplementary Insurance Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Supplementary Insurance Information, by Segment [Line Items]
Deferred Policy Acquisition Costs	$ 10,994	$ 11,042
Liability for Unpaid Losses and Loss Adjustment Expenses, Future Policy Benefits	123,825	119,281
Unearned Premiums	19,030	19,634
Policy and Contract Claims	860	847
Premiums and Policy Fees	34,309	37,125	$ 39,410
Net Investment Income	14,179	14,065	14,053
Losses and Loss Expenses Incurred, Benefits	33,564	36,142	35,076
Amortization of Deferred Policy Acquisition Costs	4,288	4,521	5,236
Other Operating Expenses	7,396	8,667	10,455
Net Premiums Written	25,756	29,233	33,066
General Insurance
Supplementary Insurance Information, by Segment [Line Items]
Deferred Policy Acquisition Costs	2,587	2,563
Liability for Unpaid Losses and Loss Adjustment Expenses, Future Policy Benefits	73,530	71,926
Unearned Premiums	18,795	19,348
Policy and Contract Claims	0	0
Premiums and Policy Fees	26,026	29,586	30,922
Net Investment Income	3,668	3,554	3,746
Losses and Loss Expenses Incurred, Benefits	21,642	25,103	22,873
Amortization of Deferred Policy Acquisition Costs	3,765	4,121	4,319
Other Operating Expenses	5,100	5,967	6,848
Net Premiums Written	25,438	28,393	32,199
Life and Retirement
Supplementary Insurance Information, by Segment [Line Items]
Deferred Policy Acquisition Costs	8,407	8,466
Liability for Unpaid Losses and Loss Adjustment Expenses, Future Policy Benefits	44,615	41,383
Unearned Premiums	0	0
Policy and Contract Claims	851	836
Premiums and Policy Fees	6,844	4,878	5,677
Net Investment Income	7,816	7,622	7,541
Losses and Loss Expenses Incurred, Benefits	8,607	6,945	7,745
Amortization of Deferred Policy Acquisition Costs	743	613	794
Other Operating Expenses	2,296	2,700	3,607
Net Premiums Written	0	0	0
Other Operations
Supplementary Insurance Information, by Segment [Line Items]
Deferred Policy Acquisition Costs	0	13
Liability for Unpaid Losses and Loss Adjustment Expenses, Future Policy Benefits	5,680	5,972
Unearned Premiums	235	286
Policy and Contract Claims	9	11
Premiums and Policy Fees	712	1,845	1,641
Net Investment Income	(81)	(24)	(162)
Losses and Loss Expenses Incurred, Benefits	1,076	743	854
Amortization of Deferred Policy Acquisition Costs	(296)	(321)	21
Other Operating Expenses	0	0	0
Net Premiums Written	314	819	668
Legacy Portfolio
Supplementary Insurance Information, by Segment [Line Items]
Premiums and Policy Fees	727	816	1,170
Net Investment Income	2,776	2,913	2,928
Losses and Loss Expenses Incurred, Benefits	2,239	3,351	3,604
Amortization of Deferred Policy Acquisition Costs	76	108	102
Other Operating Expenses	0	0	0
Net Premiums Written	$ 4	$ 21	$ 199

Schedule IV Reinsurance (Detail

Schedule IV Reinsurance (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Reportable Segments
Reinsurance Premiums for Insurance Companies, by Product Segment [Line Items]
Gross Amount	$ 35,258	$ 38,579	$ 42,931
Ceded to Other Companies	8,342	8,350	8,360
Assumed from Other Companies	3,369	2,947	2,979
Net Amount	$ 30,285	$ 33,176	$ 37,550
Percent of Amount Assumed to Net	11.10%	8.90%	7.90%
Reportable Segments | General Insurance Companies
Reinsurance Premiums for Insurance Companies, by Product Segment [Line Items]
Gross Amount	$ 30,205	$ 33,970	$ 37,698
Ceded to Other Companies	7,533	7,561	7,604
Assumed from Other Companies	3,084	2,824	2,972
Net Amount	$ 25,756	$ 29,233	$ 33,066
Percent of Amount Assumed to Net	12.00%	9.70%	9.00%
Reportable Segments | Life and Retirement Companies
Reinsurance Premiums for Insurance Companies, by Product Segment [Line Items]
Gross Amount	$ 5,053	$ 4,609	$ 5,233
Ceded to Other Companies	809	789	756
Assumed from Other Companies	285	123	7
Net Amount	$ 4,529	$ 3,943	$ 4,484
Percent of Amount Assumed to Net	6.30%	3.10%	0.20%
Reportable Segments | Other
Reinsurance Premiums for Insurance Companies, by Product Segment [Line Items]
Gross Amount	$ 0	$ 0	$ 0
Ceded to Other Companies	0	0	0
Assumed from Other Companies	0	0	0
Net Amount	$ 0	$ 0	$ 0
Percent of Amount Assumed to Net	0.00%	0.00%	0.00%
Long-duration insurance in force
Reinsurance Premiums for Insurance Companies, by Product Segment [Line Items]
Gross Amount	$ 1,061,095	$ 1,025,653	$ 1,051,571
Ceded to Other Companies	202,402	174,363	177,025
Assumed from Other Companies	321	339	372
Net Amount	$ 859,014	$ 851,629	$ 874,918
Percent of Amount Assumed to Net	0.00%	0.00%	0.00%

Schedule V Valuation and Qua172

Schedule V Valuation and Qualifying Accounts (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Allowance for mortgage and other loans receivable
Valuation and Qualifying Accounts
Balance at the beginning of the year	$ 297	$ 308	$ 271
Charged to costs and expenses	49	(7)	58
Charge offs	(25)	(15)	(29)
Reclassified to assets of businesses held-for-sale	0	0	0
Divested Business	0	0	3
Other changes	1	11	5
Balance at the end of the year	322	297	308
Allowance for mortgage and other loans receivable | Segment Discontinued Operations
Valuation and Qualifying Accounts
Net change		0	0
Allowance for premiums and insurances balances receivable
Valuation and Qualifying Accounts
Balance at the beginning of the year	262	333	431
Charged to costs and expenses	36	26	35
Charge offs	(58)	(88)	(120)
Reclassified to assets of businesses held-for-sale	0	(2)	0
Divested Business	(8)	(7)	0
Other changes	4	0	(13)
Balance at the end of the year	236	262	333
Allowance for reinsurance assets
Valuation and Qualifying Accounts
Balance at the beginning of the year	207	272	258
Charged to costs and expenses	33	(23)	90
Charge offs	(50)	(34)	(67)
Reclassified to assets of businesses held-for-sale	0	(8)	0
Divested Business	0	0	0
Other changes	(3)	0	(9)
Balance at the end of the year	187	207	272
Federal and foreign valuation allowance for deferred tax assets
Valuation and Qualifying Accounts
Balance at the beginning of the year	2,831	3,012	1,739
Charged to costs and expenses	43	83	110
Charge offs	0	0	0
Reclassified to assets of businesses held-for-sale	0	0	0
Divested Business	0	0	0
Other changes	(1,500)	(264)	1,163
Balance at the end of the year	1,374	2,831	3,012
Federal and foreign valuation allowance for deferred tax assets | Segment Discontinued Operations
Valuation and Qualifying Accounts
Net change	$ 0	$ 0	$ 0