2007 Annual Report - AIG.com
2007 Annual Report - AIG.com
2007 Annual Report - AIG.com
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American International Group, Inc. and Subsidiaries<br />
Domestic Domestic Mortgage<br />
Brokerage Group Personal Lines Guaranty (UGC) Transatlantic Foreign General<br />
<strong>2007</strong> 2006 <strong>2007</strong> 2006 <strong>2007</strong> 2006 <strong>2007</strong> 2006 <strong>2007</strong> 2006<br />
$31,759 $31,584 $ 5,025 $ 4,821 $1,374 $1,065 $ 4,284 $ 3,983 $19,778 $17,525<br />
24,112 24,312 4,808 4,654 1,143 866 3,953 3,633 13,051 11,401<br />
23,849 23,910 4,695 4,645 886 740 3,903 3,604 12,349 10,552<br />
3,501 2,336 (162) 206 (792) 191 182 143 1,771 1,781<br />
3,879 3,411 231 225 158 140 470 435 1,388 1,484<br />
7,380 5,747 69 431 (634) 331 652 578 3,159 3,265<br />
(75) 98 (2) 1 (3) (3) 9 11 (22) (37)<br />
$ 7,305 $ 5,845 $ 67 $ 432 $ (637) $ 328 $ 661 $ 589 $ 3,137 $ 3,228<br />
85.52 89.96 103.46 95.56 189.78 70.62 95.42 96.17 85.51 82.46<br />
<strong>2007</strong> 2006<br />
Percent<br />
Percent<br />
(in millions) Underwriting of Underwriting of<br />
Years Ended December 31, Profit (Loss) Total Profit (Loss) Total<br />
General Insurance Underwriting Profit (Loss)<br />
Domestic Brokerage Group $3,501 77.8% $ 2,336 50.2%<br />
Foreign General 1,771 39.4 1,781 38.2<br />
Domestic Personal Lines (162) (3.6) 206 4.4<br />
Transatlantic 182 4.0 143 3.1<br />
Mortgage Guaranty (UGC) (792) (17.6) 191 4.1<br />
Total $4,500 100.0% $ 4,657 100.0%<br />
General Insurance Operating In<strong>com</strong>e (a)(b)(c)(d)<br />
(billions of dollars)<br />
10.4 10.5<br />
General Insurance Net Investment In<strong>com</strong>e<br />
(billions of dollars)<br />
5.7<br />
6.1<br />
4.0<br />
4.5<br />
3.2<br />
2.3<br />
2.6<br />
3.2<br />
2003 2004 2005 2006 <strong>2007</strong><br />
2003 2004 2005 2006 <strong>2007</strong><br />
(a) Includes net realized capital gains (losses).<br />
(b) <strong>2007</strong>, 2005 and 2004 include current year catastrophe-related losses of $276 million,<br />
$2.89 billion and $1.05 billion, respectively. In 2006 and 2003, there were no<br />
significant catastrophe-related losses.<br />
(c) In 2005 and 2004, operating in<strong>com</strong>e was reduced by $1.8 billion and $850 million,<br />
respectively, resulting from the annual fourth quarter review of General Insurance loss<br />
and loss adjustment reserves.<br />
(d) 2006, 2005 and 2004 include a change in estimate for asbestos and environmental<br />
reserves of $198 million, $873 million and $850 million, respectively.<br />
(a) Before realized capital gains (losses).<br />
(b) 2004 includes catastrophe losses of $1.05 billion,<br />
and a $850 million charge attributable to the change<br />
in estimate for asbestos and environmental exposures.<br />
(c) 2005 includes current year catastrophe-related<br />
losses of $2.89 billion, and a fourth quarter reserve<br />
charge $1.82 billion.<br />
<strong>AIG</strong> <strong>2007</strong> <strong>Annual</strong> <strong>Report</strong> 47