AIG 2005 Annual Report Download - page 31

AIG ■2005 Annual Report 29
■AIG Risk Management, Inc. provides casualty
risk management products and services to large
commercial customers.
■AIG Worldsource is a leading provider of global
insurance programs for U.S.-based multination-
als, as well as foreign companies with operations
in the United States.
■DBG also includes many specialty business
units that draw on the worldwide resources
of AIG companies to meet client needs in
aviation, transportation, the construction and
energy industries, the small business sector and
accident and health coverages, as well as engi-
neering services through AIG Consultants, Inc.
■HSB Group, Inc. is the parent company of The
Hartford Steam Boiler Inspection and Insurance
Company, HSB Engineering Insurance Limited
and The Boiler Inspection and Insurance
Company of Canada, leading worldwide
providers of equipment breakdown and engi-
neered lines insurance.
Domestic Personal Lines
AIG’s growing Domestic Personal Lines opera-
tions provide automobile insurance through
AIG Direct, the mass marketing operation,
Agency Auto Division and 21st Century
Insurance Group, as well as a broad range of
coverages for high-net-worth individuals
through the AIG Private Client Group.
United Guaranty Corporation
United Guaranty Corporation subsidiaries pro-
vide default protection insurance for first and
second mortgages and private education loans,
as well as other financial services, to financial
institutions and mortgage investors.
Transatlantic Holdings, Inc.
Transatlantic Holdings, Inc., which is a
majority-owned subsidiary of AIG, is the largest
publicly traded, U.S.-based reinsurance
organization.
Foreign General Insurance Group
The Foreign General Insurance Group
comprises AIG’s international property-casualty
operations.
■American International Underwriters (AIU)
is the marketing unit for AIG’s overseas
property-casualty operations, the most extensive
foreign network of any insurance organization.
Stretching across Asia and the Pacific to
Latin America, Europe, Africa and the
Middle East, AIU markets a full range of
property-casualty products to both commercial
and consumer clients.
■American Life Insurance Company (ALICO)
is among the largest international life insurance
companies in the world, with operations in
more than 50 countries. ALICO’s operations
stretch from Japan to Europe, the Middle East,
Latin America, South Asia and the Caribbean.
■AIG Star Life Insurance Co., Ltd. is contribut-
ing to AIG’s growing life insurance presence in
Japan.
■AIG Edison Life Insurance Company serves
Japan through 7,200 agents and other channels.
■Nan Shan Life Insurance Company, Ltd. is
Taiwan’s second largest life insurer.
■The Philippine American Life and General
Insurance Company is the largest and most
profitable life insurance company in the
Philippines.
Domestic Life Insurance & Retirement Services
In the United States, AIG’s Domestic Life
Insurance & Retirement Services businesses
offer a comprehensive range of life insurance,
annuity and accident and health products for
financial and estate planning, and wealth trans-
fer. They use a full complement of distribution
channels, including career agency networks,
independent advisors, financial planners,
brokers and banks. The principal Domestic
Life Insurance & Retirement Services opera-
tions include the following:
■AIG American General, one of the fastest
growing major life insurance organizations in
the United States, distributes a broad range of
life insurance, annuity and accident and
health products.
■AIG Annuity Insurance Company is the
largest issuer of fixed annuities in the United
States and the leading provider of annuities
sold through financial institutions.
■AIG VALIC is the nation’s leading provider of
group retirement plans to primary and second-
ary educational organizations, the second largest
to healthcare groups and the third largest to
institutions of higher education.
■AIG SunAmerica Retirement Markets, Inc.
is one of the nation’s leading distributors of
individual variable annuities.
■Capital Markets operations are conducted
through AIG Financial Products Corp., which
engages in transactions, as principal, to provide
clients with risk management solutions
and sophisticated hedging products in standard
and customized commodities, credit, currencies,
energy, equities and rates. Clients include
top-tier corporations, financial institutions,
governments, agencies, institutional investors
and high-net-worth individuals throughout
the world.
■AIG’s consumer finance business consists of
American General Finance, Inc., one of the
largest consumer finance organizations in
the United States, and AIG Consumer Finance
Group, Inc., which, through its subsidiaries,
offers a broad range of consumer finance
products, primarily overseas.
■Imperial A.I. Credit is the largest insurance
premium finance provider in the United States.
■AIG SunAmerica Asset Management Corp.
manages and/or administers retail mutual funds,
as well as the underlying assets of AIG
SunAmerica and AIG VALIC variable
annuities sold to individuals and institutional
investors throughout the United States.
■AIG Advisor Group, Inc. broker-dealers
provide a broad range of financial products and
support services to independent financial
advisors serving the retirement planning needs
of clients in the United States.
■AIG Private Bank Ltd., AIG’s Zurich-based pri-
vate banking subsidiary, specializes in providing
asset management and private banking services
to a worldwide clientele.
2005 Consolidated Revenues
by Major Business Segment
General Insurance 41.7%
Domestic 31.8%
Foreign 9.9%
Financial Services 9.7%
Life Insurance &
Retirement Services 43.7%
Domestic 14.8%
Foreign 28.9%
Asset Management 4.9%