Bring on tomorrow - AIG.com

■We said we would return to profitability and recommit tofocusing on customers. 2012 marks the third straight yearof full-year profits. Even with Storm Sandy – the secondlargest catastrophic event for AIG in the U.S. – we earneda profit in 2012. And we have realigned our PropertyCasualty and Life and Retirement businesses to be morestreamlined and refocused on seamlessly serving ourcommercial and consumer customers.A closer look at our results in 2012 shows the benefit of the workwe’ve done and the progress we’ve made:■AIG Property Casualty reported improved operating incomeand continued to experience positive pricing trends. With$34.4 billion of net premiums written in 2012, AIG PropertyCasualty is the number one U.S.-based commercial insurer inthe U.S. and Canada, the largest U.S.-based propertycasualty insurer in Europe, and the number one foreignproperty casualty insurer in Japan and China.While a new era for AIG has begun, our work is not done.We have more promises to keep.We are committed to building on our successes and demonstratingwhat the new AIG can do. Every day, we are working toreestablish AIG as the trusted partner of companies, families, andsociety. We are focused on expense reduction to cut costs, andto strengthen our businesses; stronger businesses will improve ourcredit ratings and further increase investor interest in AIG. We arefocused on rolling out better technology and new operations platformsto help leverage shared services to make us more efficient,which in turn will help us cut costs and streamline work processes.We are committed to developing and retaining our best talent,promoting diversity, and encouraging and empowering employeesto work together. We are smarter than ever before, makingmore informed decisions by using and analyzing the enormousamount of data we have across the company.That is the power of the new AIG and our promise for the future.■AIG Life and Retirement assets under management grewsignificantly in 2012. And, even with interest rates atcontinued historic lows, AIG Life and Retirement is a marketleader delivering innovative, compelling retirement productsthat provide meaningful, long-term peace of mind to ourcustomers while making sense for AIG.Yes, we have been met with challenges, but we have met thosechallenges together – hitting every major milestone on our journey.So when we say we are going to do something, you canhave confidence that the people of AIG will get it done.<strong>Bring</strong> on tomorrow.■■United Guaranty reported new insurance written of$37.5 billion for 2012 compared to $18.8 billion in2011, and has experienced improving credit trends.Our investment portfolio performance improved through theuse of yield enhancements within our risk appetite, includingthe purchases of securities acquired through the FederalReserve Bank of New York’s auction of Maiden Lane III LLCassets.Robert H. Benmosche February 21, 2013■Our balance sheet is stronger as a result of the issuance ofunsecured notes and monetization of non-core assets –including our agreement to sell our largest non-core asset,International Lease Finance Corporation, our leading aircraftleasing business, and the sale of our remaining shares ofAIA Group Limited.3