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ITEM 7 / MANAGEMENT’S DISCUSSION AND ANALYSIS OFFINANCIAL CONDITION AND RESULTS OF OPERATIONS..............................................................................................................................................................................................CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION..............................................................................................................................................................................................This Annual Report on Form 10-K and other publicly available documents may include, and officers andrepresentatives of American International Group, Inc. (AIG) may from time to time make, projections, goals,assumptions and statements that may constitute ‘‘forward-looking statements’’ within the meaning of the PrivateSecurities Litigation Reform Act of 1995. These projections, goals, assumptions and statements are not historicalfacts but instead represent only AIG’s belief regarding future events, many of which, by their nature, are inherentlyuncertain and outside AIG’s control. These projections, goals, assumptions and statements include statementspreceded by, followed by or including words such as ‘‘believe,’’ ‘‘anticipate,’’ ‘‘expect,’’ ‘‘intend,’’ ‘‘plan,’’ ‘‘view,’’‘‘target’’ or ‘‘estimate.’’ These projections, goals, assumptions and statements may address, among other things:• the monetization of AIG’s interests in InternationalLease Finance Corporation (ILFC), including whetherAIG’s proposed sale of up to 90 percent of ILFC willbe completed and if completed, the timing and finalterms of such sale;• AIG’s exposures to subprime mortgages, monolineinsurers, the residential and commercial real estatemarkets, state and municipal bond issuers andsovereign bond issuers;• AIG’s exposure to European governments andEuropean financial institutions;• AIG’s strategy for risk management;• AIG’s generation of deployable capital;• AIG’s return on equity and earnings per sharelong-term aspirational goals;• AIG’s strategies to grow net investment income,efficiently manage capital and reduce expenses;• AIG’s strategies for customer retention, growth,product development, market position, financial resultsand reserves; and• the revenues and combined ratios of AIG’ssubsidiaries.It is possible that AIG’s actual results and financial condition will differ, possibly materially, from the results andfinancial condition indicated in these projections, goals, assumptions and statements. Factors that could cause AIG’sactual results to differ, possibly materially, from those in the specific projections, goals, assumptions and statementsinclude:• changes in market conditions;• the occurrence of catastrophic events, both naturaland man-made;• significant legal proceedings;• the timing and applicable requirements of any newregulatory framework to which AIG is subject as asavings and loan holding company (SLHC), and ifsuch a determination is made, as a systemicallyimportant financial institution (SIFI);• concentrations in AIG’s investment portfolios;• actions by credit rating agencies;• judgments concerning casualty insurance underwritingand insurance liabilities;• judgments concerning the recognition of deferred taxassets;• judgments concerning deferred policy acquisition costs(DAC) recoverability; and• such other factors discussed in:• this Part II, Item 7. Management’s Discussion andAnalysis of Financial Condition and Results ofOperations (MD&A); and• Part I, Item 1A. Risk Factors of this Annual Reporton Form 10-K.AIG is not under any obligation (and expressly disclaims any obligation) to update or alter any projections, goals,assumptions or other statements, whether written or oral, that may be made from time to time, whether as a result ofnew information, future events or otherwise...................................................................................................................................................................................................................................52 AIG 2012 Form 10-K