AIG 2013 Annual Report Download - page 171
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The following table presents our CMBS available for sale investments:
CMBS (traditional) $ 7,880
Agency 1,486
Other 549
Total*$ 9,915
* The increase in value is primarily attributable to net purchases of approximately $3.0 billion of highly rated CMBS securities, partially offset by
changes in net unrealized losses.
The following table presents the fair value of our CMBS holdings by rating agency designation and by
vintage year:
Year:
2013
2012
2011
2010
2009
2008 and prior
Total
December 31, 2012
Year:
2012 $ 1,314 $ 46 $ 24 $ 28 $ – $ 15 $ 1,427
2011 1,220 81 24 22 – – 1,347
2010 265 501 41 – – – 807
2009 44 – – – – – 44
2008 and prior 1,433 963 719 1,178 1,997 – 6,290
Total $ 4,276 $ 1,591 $ 808 $ 1,228 $ 1,997 $ 15 $ 9,915
Investments in CMBS
..................................................................................................................................................................................................................................
AIG 2013 Form 10-K 153
ITEM 7 / INVESTMENTS
Fair Value at Fair Value at
December 31, December 31,
(in millions) 2013 2012
$ 9,794
1,558
130
$ 11,482
Below
Investment
(in millions) AAA AA A BBB Grade Non-Rated Total
December 31, 2013
$ 2,490 $ 378 $ 79 $ 58 $ – $ – $ 3,005
1,064 57 26 35 – 14 1,196
1,112 19 36 20 – – 1,187
172 7 – – – – 179
5––– – – 5
1,098 819 688 1,115 2,190 – 5,910
$ 5,941 $ 1,280 $ 829 $ 1,228 $ 2,190 $ 14 $ 11,482
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