Bring on tomorrow - AIG.com

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ITEM 1 / BUSINESS / AIG LIFE AND RETIREMENT.....................................................................................................................................................................................AIG Life and RetirementBusiness StrategyAIG Life and Retirement is focused on the following strategic initiatives:Grow Assets Under Management: Fully leverage a unified distributionorganization to increase sales of profitable products across all channels.Capitalize on the growing demand for income solutions and AIG Life andRetirement’s capital base, risk controls, innovative product designs, expandeddistribution initiatives and financial discipline to grow variable annuity business.Pursue selected institutional market opportunities where AIG Life andRetirement’s scale and capital base provide a competitive advantage...............................................................................................................................................................................................Increase Life Insurance In-Force: Develop innovative life offerings throughconsumer focused research that delivers superior, differentiated productsolutions. Consolidate life insurance platforms, operations and systems tocreate a more efficient, cost-competitive and agile operating model...............................................................................................................................................................................................Enhance Return on Equity: Build on simplified legal entity structure toenhance financial strength and durability, capital efficiency and ease of doingbusiness. Improve operational efficiencies, expense control and service throughinvestments in technology and more productive use of existing resources andlower-cost operations centers.................................................................................................................................................................................................................................................................................................................................................................................................................................AIG 2012 Form 10-K 11
ITEM 1 / BUSINESS / AIG LIFE AND RETIREMENT.....................................................................................................................................................................................Operating SegmentsAIG Life and Retirement currently has two operating segments: Life Insurance focuses on life insurance and relatedprotection products and Retirement Services focuses on investment, retirement savings and income solutionproducts. On April 12, 2012, AIG Life and Retirement announced several key organizational structure andmanagement changes intended to better serve the organization’s distribution partners and customers. Key aspects ofthe new structure are distinct product divisions, shared annuity and life operations platforms and a unified all-channeldistribution organization with access to all AIG Life and Retirement products.AIG Life and Retirement expects to modify its presentation of results to reflect its new structure when the reportingchanges are implemented in the first quarter of 2013 and conform all prior periods’ presentations to reflect the newstructure. The new structure will include two operating segments – Retail and Institutional. Retail product lines willinclude life insurance and accident and health (A&H), fixed annuities, variable annuities and income solutions,brokerage services and retail mutual funds. Institutional product lines will include group retirement, group benefits andinstitutional markets. The institutional markets product line will consist of stable value wrap products, structuredsettlement and terminal funding annuities, private placement variable life and annuities, guaranteed investmentcontracts and corporate and bank-owned life insurance.Additionally, AIG Life and Retirement completed the merger of six life insurance operating legal entities into AmericanGeneral Life Insurance Company effective December 31, 2012. This merger facilitates capital and dividend planningwhile creating operating efficiencies and making it easier for producers and customers to do business with AIG Lifeand Retirement. AIG Life and Retirement will continue to market products and services under its existing brands.AIG Life and Retirement Operating Segments – Products and ServicesPercent of 2012 total revenue by operating segment (dollars in millions)LIFEINSURANCE$9,50957%RETIREMENTSERVICES$7,25843%15FEB201302015240..................................................................................................................................................................................................................................12 AIG 2012 Form 10-K
Page 1 and 2: American International Group, Inc.2
Page 3 and 4: KEY FACTS & FIGURES52,000+ $65.7 bi
Page 5 and 6: ■We said we would return to profi
Page 7 and 8: Financial HighlightsYears Ended Dec
Page 9 and 10: ~63,000AIG EMPLOYEES AROUND THE WOR
Page 11 and 12: $115.1 millionAVERAGE CLAIMS PAID E
Page 13 and 14: $10,000MAXIMUM DONATION MADE BY AIG
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Page 18 and 19: AMERICAN INTERNATIONAL GROUP, INC.A
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Page 24 and 25: ITEM 1 / BUSINESS / AIG PROPERTY CA
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Page 35 and 36: ITEM 1 / BUSINESS / OTHER OPERATION
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Page 49 and 50: ITEM 1A / RISK FACTORS.............
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Page 65 and 66: ITEM 6 / SELECTED FINANCIAL DATA...
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ITEM 7 / EXECUTIVE SUMMARY.........
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ITEM 7 / RESULTS OF OPERATIONS.....
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ITEM 7 / LIQUIDITY AND CAPITAL RESO
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ITEM 7 / INVESTMENTS...............
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ITEM 7 / ENTERPRISE RISK MANAGEMENT
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ITEM 7 / CRITICAL ACCOUNTING ESTIMA
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ITEM 7 / GLOSSARY..................
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ITEM 7 / GLOSSARY..................
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ITEM 7A / QUANTITATIVE AND QUALITAT
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ITEM 8 / INDEX TO FINANCIAL STATEME
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AMERICAN INTERNATIONAL GROUP, INC.C
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ITEM 8 / NOTE 1. BASIS OF PRESENTAT
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ITEM 8 / NOTE 2. SUMMARY OF SIGNIFI
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ITEM 8 / NOTE 3. SEGMENT INFORMATIO
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ITEM 8 / NOTE 3. SEGMENT INFORMATIO
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ITEM 8 / NOTE 4. DIVESTED BUSINESSE
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ITEM 8 / NOTE 4. DIVESTED BUSINESSE
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ITEM 8 / NOTE 5. BUSINESS COMBINATI
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ITEM 8 / NOTE 6. FAIR VALUE MEASURE
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ITEM 8 / NOTE 7. INVESTMENTS.......
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ITEM 8 / NOTE 8. LENDING ACTIVITIES
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ITEM 8 / NOTE 9. REINSURANCE.......
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ITEM 8 / NOTE 10. DEFERRED POLICY A
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ITEM 8 / NOTE 10. DEFERRED POLICY A
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ITEM 8 / NOTE 11. VARIABLE INTEREST
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ITEM 8 / NOTE 11. VARIABLE INTEREST
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ITEM 8 / NOTE 12. DERIVATIVES AND H
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ITEM 8 / NOTE 13. LIABILITY FOR UNP
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ITEM 8 / NOTE 14. VARIABLE LIFE AND
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ITEM 8 / NOTE 15. DEBT OUTSTANDING.
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ITEM 8 / NOTE 15. DEBT OUTSTANDING.
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ITEM 8 / NOTE 16. CONTINGENCIES, CO
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ITEM 8 / NOTE 17. TOTAL EQUITY.....
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ITEM 8 / NOTE 18. NONCONTROLLING IN
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ITEM 8 / NOTE 19. EARNINGS (LOSS) P
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ITEM 8 / NOTE 20. STATUTORY FINANCI
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ITEM 8 / NOTE 21. SHARE-BASED COMPE
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ITEM 8 / NOTE 21. SHARE-BASED COMPE
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ITEM 8 / NOTE 22. EMPLOYEE BENEFITS
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ITEM 8 / NOTE 24. INCOME TAXES.....
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ITEM 8 / NOTE 26. QUARTERLY FINANCI
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ITEM 8 / NOTE 27. INFORMATION PROVI
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PART II............................
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PART IV............................
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SignatureTitle/s/ ARTHUR C. MARTINE
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ExhibitNumber Description Location(
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Condensed Financial Information of
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Condensed Financial Information of
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Notes to Condensed Financial Inform
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Supplementary Insurance Information
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Valuation and Qualifying AccountsFo
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Subsidiaries of RegistrantExhibit 2
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Percentageof VotingSecuritiesJurisd
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Percentageof VotingSecuritiesJurisd
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CONSENT OF INDEPENDENT REGISTERED P
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CERTIFICATIONSI, Robert H. Benmosch
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CERTIFICATIONExhibit 32In connectio
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SECURITIES REGISTERED PURSUANT TO S
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American International Group, Inc.1
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