AIG 2013 Annual Report Download - page 242

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AIG Life and Retirement fully implemented these changes during the first quarter of 2013 and now presents its
operating results in the following two operating segments:
Retail — product lines include Life Insurance and Accident and Health (A&H), Fixed Annuities, Retirement
Income Solutions (including variable and index annuities), Brokerage Services and Retail Mutual Funds.
Institutional — product lines include Group Retirement, Group Benefits and Institutional Markets. The
Institutional Markets product line consists of stable value wrap products, structured settlement and terminal
funding annuities, high net worth products, guaranteed investment contracts (GICs), and corporate- and
bank-owned life insurance.
Prior period amounts have been revised to reflect the new structure, which did not affect previously reported pre-tax
income from continuing operations for AIG Life and Retirement. Prior to the first quarter of 2013, AIG Life and
Retirement was presented as two operating segments: Life Insurance and Retirement Services.
Our Other Operations include results from:
• Mortgage Guaranty;
• Global Capital Markets;
• Direct Investment book;
• Retained Interests, which represents the fair value gains or losses, prior to their sale in 2012, of the AIA Group
Limited (AIA) ordinary shares retained following the AIA initial public offering, the MetLife, Inc. (MetLife) securities
that were received as consideration from the sale of American Life Insurance Company (ALICO), and the fair value
gains or losses, prior to the FRBNY liquidation of Maiden Lane III LLC (ML III) assets, on the retained interest in
ML III;
• Corporate & Other; and
• Aircraft Leasing.
AIG Other Operations
..................................................................................................................................................................................................................................
AIG 2013 Form 10-K224
ITEM 8 / NOTE 3. SEGMENT INFORMATION
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