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Bring on tomorrow - AIG.com

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ITEM 1 / BUSINESS / <strong>AIG</strong> PROPERTY CASUALTY.....................................................................................................................................................................................<strong>AIG</strong> Property Casualty serves its business and individual customers <strong>on</strong> a global basis – from the largest multinati<strong>on</strong>alcorporati<strong>on</strong>s to local businesses and individuals. Our clients benefit from our substantial underwriting expertise andl<strong>on</strong>g-term <strong>com</strong>mitment to the markets and clients we serve.<strong>AIG</strong> Property Casualty Competitive Strengths and ChallengesDiversificati<strong>on</strong> – breadth of customers served, products underwritten and distributi<strong>on</strong> channelsGlobal franchise – operating in more than 90 countries and jurisdicti<strong>on</strong>sScale – facilitates risk diversificati<strong>on</strong> to optimize returns <strong>on</strong> capitalService – focused <strong>on</strong> customer needs, providing str<strong>on</strong>g global claims, loss preventi<strong>on</strong> and mitigati<strong>on</strong>,engineering, underwriting and other related servicesExpertise – experienced employees <strong>com</strong>plemented with new talentFinancial strength – well capitalized, str<strong>on</strong>g balance sheetSomewhat offsetting these strengths are the following challenges:Barriers to entry are highRegulatory changes in recent years created an increasingly <strong>com</strong>plex envir<strong>on</strong>ment that is affecting industrygrowth and profitability..................................................................................................................................................................................................................................10 <strong>AIG</strong> 2012 Form 10-K

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