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ITEM 8 / NOTE 3. SEGMENT INFORMATION.....................................................................................................................................................................................The following table presents AIG’s year-end identifiable assets and capital expenditures by reportablesegment:Year-end identifiable assets Capital expenditures(in millions) 2012 2011 2012 2011AIG Property CasualtyCommercial Insurance $(a)$(a)$(a)$(a)Consumer Insurance(a)(a) (a)(a)(a)(a) (a)(a)OtherTotal AIG Property Casualty $ 178,733 $ 177,892 $ 321 $ 234AIG Life and RetirementLife Insurance 105,441 90,446 48 42Retirement Services 177,002 177,627 12 33Consolidation and Elimination (6,769) (9,610) – –Total AIG Life and Retirement $ 275,674 $ 258,463 $ 60 $ 75Other OperationsMortgage Guaranty 5,270 5,395 11 37Global Capital Markets 7,050 12,620 – –Direct Investment Book 28,528 31,172 – –Retained Interests – 15,086 – –Corporate & Other 87,021 99,085 680 618Aircraft Leasing (b) 39,812 39,107 – 604Consolidation and Elimination 23,431 27,153 – –Total Other Operations $ 191,112 $ 229,618 $ 691 $ 1,259AIG Consolidation and Elimination (96,886) (112,919) – –Total Assets $ 548,633 $ 553,054 $ 1,072 $ 1,568(a) AIG Property Casualty manages its assets on an aggregate basis and does not allocate its assets, other than goodwill, between its operatingsegments.(b) 2012 includes Aircraft Leasing assets classified as assets held-for-sale on the Consolidated Balance Sheet.The following table presents AIG Property Casualty operations by operating segment:Claims and claims adjustmentexpenses incurredUnderwriting expenses(in millions) 2012 2011 2010 2012 2011 2010Commercial Insurance $ 16,696 $ 18,332 $ 18,814 $ 6,009 $ 5,345 $ 5,252Consumer Insurance 8,498 8,900 6,745 5,613 5,253 4,650Other 591 717 2,308 466 272 200Total AIG Property Casualty 25,785 27,949 27,867 12,088 10,870 10,102The following table presents AIG Life and Retirement operations by operating segment:Life InsuranceRetirement Services(in millions) 2012 2011 2010 2012 2011 2010Insurance-oriented products $ 5,985 $ 5,813 $ 5,992 $ – $ – $ –Retirement savings products 3,524 2,469 2,335 6,410 6,006 6,150Asset management revenues – – 7 848 1,027 263Total revenues 9,509 8,282 8,334 7,258 7,033 6,413..................................................................................................................................................................................................................................226 AIG 2012 Form 10-K