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ITEM 1 / BUSINESS / AIG LIFE AND RETIREMENT.....................................................................................................................................................................................AIG Life and Retirement 2012 Premiums and Premiums, Deposits and Other ConsiderationsPremiums represent amounts received on traditional life insurance policies, group benefit policies and deposits on lifecontingent payout annuities. Premiums, deposits and other considerations is a non-GAAP measure that includes lifeinsurance premiums and deposits on annuity contracts and mutual funds.See Item 7. MD&A – Result of Operations – AIG Life and Retirement Operations – Premiums for a reconciliation ofpremiums, deposits and other considerations to premiums.A Look at AIG Life and RetirementAIG Life and Retirement 2012 Sales by Distribution Channel(dollars in millions)AIG Direct& other$703%VALICfinancialadvisors$68433%AGLAcareer5%agents$884%Advisor 2%group$48Benefitbrokers$77 Banks$25913%11%29%Independentmarketingorganizations$236Broker dealers$58943% Affiliated 57% Non-Affiliated15FEB201302020659Represents life and group A&H premiums from new policies expected to be collected over a one-year period plus10 percent of life unscheduled deposits, single premiums and annuity deposits from new and existing customers...................................................................................................................................................................................................................................AIG 2012 Form 10-K 15
ITEM 1 / BUSINESS / AIG LIFE AND RETIREMENT.....................................................................................................................................................................................AIG Life and Retirement’s Diversified Distribution NetworkAffiliatedNonaffiliatedVALIC career financial advisors Over 1,200Banks Nearly 600 banks and 69,000 financiali afinancial i a advisors serving the worksites ofinstitution it t iagentseducational, a not-for-profit or-oft and governmentaleorganizationsa ionsIndependent marketing organizationsRelationships i with over 1,700 independent e den marketingAGLA career agents Over 3,100 agents focused on organizations a i ons and brokerage general e agenciesesthe broad middle marketproviding i access to over 150,000 000licensededindependent e den agentsAdvisor Group Over 6,000 independent e den financiali aadvisorsBroker dealers Access to over 120,000 000licensededfinancial i a professionalsona sAIG Direct A leading direct-to-consumer t -cons e distributor ib toflife and A&H productsBenefit brokers Include consultants, ts brokers, thirdparty administrators i at and general e agentsCompetition and Customer Marketing StrengthsAIG Life and Retirement competes against approximately 1,800 providers of life insurance and retirement savingsproducts, including other large, well-established life insurance companies and other financial services companies. Lifeinsurance companies compete through a combination of risk-acceptance (underwriting) criteria, product pricing,service, and terms and conditions. Retirement services companies also compete through crediting rates and throughoffering guaranteed benefits features.AIG Life and Retirement competes in the life insurance and retirement savings businesses primarily based on itswell-established brands, innovative products, extensive distribution network, customer service and strong financialratings. AIG Life and Retirement helps ensure financial and retirement security for more than 18 million customers...................................................................................................................................................................................................................................16 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
Page 15 and 16: American International Group, Inc.F
Page 18 and 19: AMERICAN INTERNATIONAL GROUP, INC.A
Page 20 and 21: ITEM 1 / BUSINESS / AIG............
Page 22 and 23: ITEM 1 / BUSINESS / AIG............
Page 24 and 25: ITEM 1 / BUSINESS / AIG PROPERTY CA
Page 27 and 28: ITEM 1 / BUSINESS / AIG PROPERTY CA
Page 29 and 30: ITEM 1 / BUSINESS / AIG LIFE AND RE
Page 31: ITEM 1 / BUSINESS / AIG LIFE AND RE
Page 35 and 36: ITEM 1 / BUSINESS / OTHER OPERATION
Page 37 and 38: ITEM 1 / BUSINESS / OTHER OPERATION
Page 39 and 40: ITEM 1 / BUSINESS..................
Page 49 and 50: ITEM 1A / RISK FACTORS.............
Page 61 and 62: ITEM 1B / UNRESOLVED STAFF COMMENTS
Page 63 and 64: ITEM 5 / MARKET FOR REGISTRANT’S
Page 65 and 66: ITEM 6 / SELECTED FINANCIAL DATA...
Page 67 and 68: ITEM 6 / SELECTED FINANCIAL DATA...
Page 69 and 70: ITEM 7 / MANAGEMENT’S DISCUSSION
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Page 73 and 74: ITEM 7 / EXECUTIVE SUMMARY.........
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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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