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COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGESExhibit 12Years Ended December 31,(in millions, except ratios) 2012 2011 2010 2009 2008Earnings:Pre-tax income (a) : $ 7,151 $ 78 $ 20,246 $ (15,709) $ (104,323)Add – Fixed charges 3,166 3,217 7,535 14,403 17,688Adjusted Pre-tax income 10,317 3,295 27,781 (1,306) (86,635)Fixed charges:Interest expense $ 2,054 $ 2,149 $ 6,333 $ 12,943 $ 15,113Portion of rent expense representing interest 148 161 196 244 299Interest credited to policy and contract holders 964 907 1,006 1,216 2,276Total fixed charges $ 3,166 $ 3,217 $ 7,535 $ 14,403 $ 17,688Preferred stock dividend requirements $ – $ – $ – $ 1,204 $ 400Total fixed charges and preferred stock dividendrequirements $ 3,166 $ 3,217 $ 7,535 $ 15,607 $ 18,088Total fixed charges, excluding interest credited to policyand contract holders $ 2,202 $ 2,310 $ 6,529 $ 13,187 $ 15,412Ratio of earnings to fixed charges:Ratio 3.26 1.02 3.69 n/a n/aCoverage deficiency n/a n/a n/a $ (15,709) $ (104,323)Ratio of earnings to fixed charges and preferredstock dividends:Ratio 3.26 1.02 3.69 n/a n/aCoverage deficiency n/a n/a n/a (16,913) (104,723)Ratio of earnings to fixed charges, excluding interestcredited to policy and contract holders (b) :Ratio 4.69 1.43 4.26 n/a n/aCoverage deficiency n/a n/a n/a $ (14,493) $ (102,047)(a) From continuing operations, excluding undistributed earnings (loss) from equity method investments and capitalized interest.(b) The Ratio of earnings to fixed charges excluding interest credited to policy and contract holders removes interest credited to guaranteedinvestment contract (GIC) policyholders and guaranteed investment agreement (GIA) contract holders. Such interest expenses are also removedfrom earnings used in this calculation. GICs and GIAs are entered into by AIG’s subsidiaries. The proceeds from GICs and GIAs are invested in adiversified portfolio of securities, primarily investment grade bonds. The assets acquired yield rates greater than the rates on the relatedpolicyholders obligation or contract, with the intent of earning a profit from the spread...................................................................................................................................................................................................................................AIG 2012 Form 10-K 367
Subsidiaries of RegistrantExhibit 21Percentageof VotingSecuritiesJurisdiction ofheld byIncorporation or ImmediateAs of December 31, 2012 Organization Parent (1)American International Group, Inc. Delaware(2)AIA Aurora LLC Delaware 100AIG Capital Corporation Delaware 100AIG Consumer Finance Group, Inc. Delaware 100AIG Credit S.A. Poland 100AIG Credit Corp. Delaware 100A.I. Credit Consumer Discount Company Pennsylvania 100A.I. Credit Corp. New Hampshire 100AICCO, Inc. Delaware 100AIG Credit Corp. of Canada Canada 100AIG Equipment Finance Holdings, Inc. Delaware 100AIG Commercial Equipment Finance, Inc. Delaware 100AIG Commercial Equipment Finance Company, Canada Canada 100AIG Global Asset Management Holdings Corp. Delaware 100AIG Asset Management (Europe) Limited England 100AIG Asset Management (Ireland) Limited Ireland 100AIG Asset Management (U.S.), LLC Delaware 100AIG Global Real Estate Investment Corp. Delaware 100AIG Securities Lending Corp. Delaware 100International Lease Finance Corporation California 100Fleet Solutions Holdings Inc. Delaware 100AeroTurbine, Inc. Delaware 100AIG Federal Savings Bank The United States 100AIG Financial Products Corp. Delaware 100AIG-FP Matched Funding Corp. Delaware 100AIG Matched Funding Corp. Delaware 100AIG Management France S.A. France 90.07 (3)AIG Funding, Inc. Delaware 100AIG Global Services, Inc. New Hampshire 100AIG Life Insurance Company (Switzerland) Ltd. Switzerland 100AIG Markets, Inc. Delaware 100AIG Trading Group Inc. Delaware 100AIG International Inc. Delaware 100AIUH LLC Delaware 100Chartis Inc. Delaware 100Chartis Global Claims Services, Inc. Delaware 100Chartis Claims, Inc. Delaware 100Health Direct, Inc. Delaware 100Chartis Global Services, Inc. Delaware 100Chartis North America, Inc. New York 100Chartis International, LLC Delaware 100AIG APAC HOLDINGS PTE. LTD. Singpore 100Chartis Singapore Insurance Pte. Ltd. Singpore 100AIG Insurance New Zealand Limited New Zealand 100..................................................................................................................................................................................................................................368 AIG 2012 Form 10-K
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American International Group, Inc.2
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KEY FACTS & FIGURES52,000+ $65.7 bi
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■We said we would return to profi
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Financial HighlightsYears Ended Dec
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~63,000AIG EMPLOYEES AROUND THE WOR
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$115.1 millionAVERAGE CLAIMS PAID E
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$10,000MAXIMUM DONATION MADE BY AIG
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American International Group, Inc.F
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AMERICAN INTERNATIONAL GROUP, INC.A
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ITEM 1 / BUSINESS / AIG............
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ITEM 1 / BUSINESS / AIG............
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ITEM 1 / BUSINESS / AIG PROPERTY CA
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ITEM 1 / BUSINESS / AIG PROPERTY CA
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ITEM 1 / BUSINESS / AIG LIFE AND RE
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ITEM 1 / BUSINESS / OTHER OPERATION
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ITEM 1 / BUSINESS / OTHER OPERATION
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ITEM 1 / BUSINESS..................
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ITEM 1 / BUSINESS..................
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ITEM 1 / BUSINESS..................
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ITEM 1 / BUSINESS..................
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ITEM 1 / BUSINESS..................
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ITEM 1A / RISK FACTORS.............
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ITEM 1B / UNRESOLVED STAFF COMMENTS
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ITEM 5 / MARKET FOR REGISTRANT’S
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ITEM 6 / SELECTED FINANCIAL DATA...
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ITEM 6 / SELECTED FINANCIAL DATA...
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ITEM 7 / MANAGEMENT’S DISCUSSION
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ITEM 7 / USE OF NON-GAAP MEASURES..
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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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Page 365 and 366: SignatureTitle/s/ ARTHUR C. MARTINE
Page 367 and 368: ExhibitNumber Description Location(
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Page 381 and 382: Supplementary Insurance Information
Page 383: Valuation and Qualifying AccountsFo
Page 387 and 388: Percentageof VotingSecuritiesJurisd
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Page 391 and 392: CONSENT OF INDEPENDENT REGISTERED P
Page 393 and 394: CERTIFICATIONSI, Robert H. Benmosch
Page 395 and 396: CERTIFICATIONExhibit 32In connectio
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Page 399: American International Group, Inc.1
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