AIG 2013 Annual Report Download - page 26

Commercial Insurance Product Lines Consumer Insurance Product Lines
Casualty: Includes general liability, commercial Accident & Health: Includes voluntary and
automobile liability, workers’ compensation, excess sponsor-paid personal accidental and supplemental
casualty and crisis management insurance. Casualty health products for individuals, employees,
also includes risk management and other customized associations and other organizations. It also includes
structured programs for large corporate customers and life products (outside of the U.S. market) as well as a
multinational companies. broad range of travel insurance products and services
for leisure and business travelers.
Property: Includes industrial, energy-related and
commercial property insurance products, which cover Personal: Includes automobile, homeowners and
exposures to man-made and natural disasters, extended warranty insurance. It also includes
including business interruption. insurance for high-net-worth individuals (offered
through Private Client Group), including umbrella,
Specialty: Includes aerospace, environmental, political yacht and fine art insurance, and consumer specialty
risk, trade credit, surety and marine insurance, and products, such as identity theft and credit card
various product offerings for small and medium sized protection.
enterprises.
Financial: Includes various forms of professional
liability insurance, including directors and officers
(D&O), fidelity, employment practices, fiduciary liability,
cyber risk, kidnap and ransom, and errors and
omissions insurance (E&O).
Other: Consists primarily of: run-off lines of business, including excess workers’ compensation, asbestos and
legacy environmental (1986 and prior); certain environmental liability businesses written prior to 2004; operations
and expenses not attributable to the Commercial Insurance or Consumer Insurance operating segments;
unallocated net investment income; net realized capital gains and losses; other income and expense items; and
adverse loss development, net of amortization of deferred gain, for a retroactive reinsurance arrangement.
A Look at AIG Property Casualty
AIG Property Casualty conducts its business primarily through the following major operating companies: National
Union Fire Insurance Company of Pittsburgh, Pa.; American Home Assurance Company; Lexington Insurance
Company; AIU Insurance Company Ltd.; Fuji Fire & Marine Insurance Company Limited (Fuji); AIG Asia Pacific
Insurance, Pte, Ltd. and AIG Europe Limited.
Global Footprint
AIG Property Casualty has a significant international presence in both developed markets and growth economy
nations. It distributes its products through three major geographic regions:
•Americas: Includes the United States, Canada, Central America, South America, the Caribbean and Bermuda.
•Asia Pacific: Includes Japan and other Asia Pacific nations, including China, Korea, Singapore, Vietnam,
Thailand, Australia and Indonesia.
•EMEA (Europe, Middle East and Africa): Includes the United Kingdom, Continental Europe, Russia, India, the
Middle East and Africa.
In 2013, 5.6 percent and 5.1 percent of AIG Property Casualty direct premiums were written in the states of
California and New York, respectively, and 18.3 percent and 6.8 percent were written in Japan and the United
Kingdom, respectively. No other state or foreign jurisdiction accounted for more than 5 percent of such premiums.
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AIG 2013 Form 10-K8
ITEM 1 / BUSINESS / AIG PROPERTY CASUALTY
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