AIG 2013 Annual Report Download - page 109

The following tables present AIG Property Casualty accident year catastrophe losses by region and number
of events:
Catastrophes(a)
Flooding
Windstorms and hailstorms
Wildfire
Tropical cyclone
Total catastrophe-related charges
Commercial Insurance
Consumer Insurance
Flooding 1 $ – $ – $ 23 $ 23
Windstorms and hailstorms 9 311 48 23 382
Wildfire – – – – –
Tropical cyclone(b) 3 1,981 18 113 2,112
Drought 1 108 – – 108
Reinstatement premiums 27 – – 27
Total catastrophe-related charges 14 $ 2,427 $ 66 $ 159 $ 2,652
Commercial Insurance $ 2,072 $ 39 $ 159 $ 2,270
Consumer Insurance $ 355 $ 27 $ – $ 382
Flooding 5 $ 201 $ 225 $ 86 $ 512
Windstorms and hailstorms 9 552 17 56 625
Tropical cyclone 5 461 117 13 591
Earthquakes(c) 3 388 971 209 1,568
Reinstatement premiums (5) 21 (5) 11
Total catastrophe-related charges 22 $ 1,597 $ 1,351 $ 359 $ 3,307
Commercial Insurance $ 1,486 $ 747 $ 359 $ 2,592
Consumer Insurance $ 111 $ 604 $ – $ 715
Severe Losses(a)
23 $ 106 $ 94 $ 126 $ 326
21 $ 214 $ 11 $ 71 $ 296
(a) Events shown in the above table are catastrophic insured events having a net impact in excess of $10 million each. Severe losses are defined
as non-catastrophe individual first party losses and surety losses greater than $10 million, net of related reinsurance.
(b) On October 29, 2012, Storm Sandy, one of the largest Atlantic hurricanes on record, came ashore in the U.S. When the storm made landfall, it
was categorized as a tropical cyclone, not a hurricane. Storm Sandy was the second-costliest Atlantic hurricane in history, only surpassed by
Hurricane Katrina in 2005. Storm Sandy caused widespread flooding and wind damage across the mid-Atlantic states. In 2012, we recorded
$2,013 million in losses related to this event.
(c) On March 11, 2011, a major earthquake occurred near the northeast coast of Honshu, Japan, triggering a tsunami in the Pacific Ocean. This
disaster is referred to as the Tohoku Catastrophe. In 2011, we recorded $1,191 million in losses related to this event.
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AIG 2013 Form 10-K 91
ITEM 7 / RESULTS OF OPERATIONS / AIG PROPERTY CASUALTY
# of Asia
(in millions) Events Americas Pacific EMEA Total
Year Ended December 31, 2013
8 $ 221 $ 8 $ 116 $ 345
10 216 – 83 299
140 ––40
3 4 99 – 103
22 $ 481 $ 107 $ 199 $ 787
$ 444 $ 74 $ 192 $ 710
$37$33$7$77
Year Ended December 31, 2012
Year Ended December 31, 2011
Years Ended December 31, # of Asia
(in millions) Events Americas Pacific EMEA Total
2013 28 $ 156 $ 184 $ 246 $ 586
2012
2011
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