AIG 2013 Annual Report Download - page 22

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14FEB201422522376
On August 14, 2013, we announced a reorganization of our Consumer Insurance business and named a new
management team. Under the new structure, AIG’s global life insurance business will be managed as part of AIG
Global Consumer Insurance — enabling our consumer network across the world to benefit from the sophistication,
scale, and success of our U.S. life insurance platform.
During the fourth quarter of 2013, the newly appointed executive management team made a number of key
appointments to its management team and certain key decisions regarding how its underlying operating segments
will be organized. However, we continue to work on the final key elements of the new organization and operating
structure. When the new structure is finalized, the presentation of AIG Property Casualty and AIG Life and
Retirement results may be modified accordingly and prior periods’ presentations may be revised to conform to the
new reporting presentation.
AIG 2013 Revenue Sources from Insurance Operations*
(dollars in millions)
Commercial
Insurance
$23,137
Other
$2,971
Consumer
Insurance
$13,601 38%
21%
13%
22%
5%
Retail
$12,715
Institutional
$7,875
AIG
PROPERTY
CASUALTY
$39,709
AIG LIFE AND
RETIREMENT
$20,590
1% MORTGAGE
GUARANTY
$949
65%
34%
* Revenues for AIG Property Casualty and Mortgage Guaranty include net premiums earned, net investment income and net realized capital
gains. Revenues for AIG Life and Retirement include premiums, policy fees, net investment income, advisory fees, legal settlements and net realized
capital gains.
For financial information concerning our reportable segments, including geographic areas of operation and changes
made in 2013, see Note 3 to the Consolidated Financial Statements. Prior periods have been revised to conform to
the current period presentation for segment changes and discontinued operations.
BUSINESS MANAGEMENT
..................................................................................................................................................................................................................................
AIG 2013 Form 10-K4
ITEM 1 / BUSINESS / AIG
..................................................................................................................................................................................
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