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Bring on tomorrow - AIG.com

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ITEM 7 / EXECUTIVE SUMMARY.....................................................................................................................................................................................Our Performance – Selected Indicators..............................................................................................................................................................................................Years Ended December 31,(in milli<strong>on</strong>s, except per share data) 2012 2011 2010Results of operati<strong>on</strong>s data:Total revenues $ 65,656 $ 59,812 $ 72,829In<strong>com</strong>e from c<strong>on</strong>tinuing operati<strong>on</strong>s 7,752 19,540 13,254Net in<strong>com</strong>e attributable to <strong>AIG</strong> 3,438 20,622 10,058In<strong>com</strong>e per <strong>com</strong>m<strong>on</strong> share attributable to <strong>AIG</strong> (diluted) 2.04 11.01 14.98Balance sheet data:Total assets $ 548,633 $ 553,054 $ 675,573L<strong>on</strong>g-term debt 48,500 75,253 106,461Total <strong>AIG</strong> shareholders’ equity 98,002 101,538 78,856Book value per <strong>com</strong>m<strong>on</strong> share 66.38 53.53 561.40TOTAL REVENUES*($ milli<strong>on</strong>s)INCOME FROM CONTINUING OPERATIONS*($ milli<strong>on</strong>s)$65,656$59,812$72,829$19,540$13,254$7,75220122011 201020122011 2010The increase in 2012 from 2011 was primarily due to increased Netinvestment in<strong>com</strong>e. The decrease in 2011 from 2010 was primarilydue to the dec<strong>on</strong>solidati<strong>on</strong> of AIA in the fourth quarter of 2010.NET INCOME ATTRIBUTABLE TO <strong>AIG</strong>*($ milli<strong>on</strong>s)15FEB201316544235The decrease in 2012 from 2011 was primarily due to the release ofthe deferred tax asset valuati<strong>on</strong> allowance in 2011. The increase in2011 from 2010 was primarily due to the release of the deferred taxasset valuati<strong>on</strong> allowance in 2011, partially offset by the dec<strong>on</strong>solidati<strong>on</strong>of AIA in the fourth quarter of 2010.INCOME PER COMMON SHAREATTRIBUTABLE TO <strong>AIG</strong> (DILUTED)17FEB201319003770$20,622$14.98$10,058$11.01$3,43820122011 2010$2.0420122011 2010In additi<strong>on</strong> to the matters described in In<strong>com</strong>e from c<strong>on</strong>tinuingoperati<strong>on</strong>s, the decrease in 2012 from 2011 was also due to lossfrom disc<strong>on</strong>tinued operati<strong>on</strong>s in 2012 <strong>com</strong>pared to a gain in 2011.The increase in 2011 from 2010 was due to in<strong>com</strong>e fromdisc<strong>on</strong>tinued operati<strong>on</strong>s <strong>com</strong>pared to a loss in 2010.15FEB201316541884In additi<strong>on</strong> to the matters described in Net in<strong>com</strong>e attributable to <strong>AIG</strong>,the decrease in 2011 from 2010 was also due to the Recapitalizati<strong>on</strong>(See Note 25 to the C<strong>on</strong>solidated Financial Statements).15FEB201316542531..................................................................................................................................................................................................................................<strong>AIG</strong> 2012 Form 10-K 57

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