AIG $309 Million Life Settlement Impairment

[tlmarketing]

AIG took a $309 million write down on their life settlement portfolio this year due to decreases in portfolio value.

http://www.sec.gov/Archives/edgar/data/5272/000104746913001390/a2212976z10-k.htm

 

[JMO Fan]

What percentage of total value is $309M?

 

[Apostate]

AIG holds about $17.5 Billion in net death benefit. If the overall value is 10% of net death benefit, you do the math. Note that valuation of unmanaged life settlement pools is a model-driven exercise and may not correlate to the value at which such a pool might trade.