AIG 2013 Annual Report Download - page 30

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14FEB201422462962
14FEB201422522107 14FEB201422521552
AIG Life and Retirement Operating Segments
AIG Life and Retirement’s organizational structure includes distinct product divisions, shared annuity and life
operations platforms and a unified multi-channel distribution organization with access to all AIG Life and Retirement
products. AIG Life and Retirement’s operating segments are organized into Retail and Institutional. Retail products
are generally marketed directly to individual consumers through independent and career insurance agents, retail
banks, direct-to-consumer platforms, and national, regional and independent broker-dealers. Institutional products are
generally marketed to groups or large institutions through affiliated financial advisors or intermediaries including
benefit consultants, independent marketing organizations, structured settlement brokers and broker-dealers.
Percent of 2013 Premiums and deposits by operating segment
(dollars in millions)
Retail
$19,912
69%
Institutional
$8,897
31%
Premiums represent amounts received on traditional life insurance policies, group benefit policies and deposits on life
contingent payout annuities. Premiums and deposits is a non-GAAP financial measure that includes direct and
assumed premiums as well as deposits received on universal life insurance, investment-type annuity contracts,
guaranteed investment contracts (GICs) and mutual funds.
See Item 7. MD&A — Results of Operations — AIG Life and Retirement Operations — AIG Life and Retirement
Premiums, Deposits and Net Flows for a reconciliation of premiums and deposits to premiums.
Retail Institutional
Percent of 2013 Premiums and Deposits by product line Percent of 2013 Premiums and Deposits by product line
(dollars in millions) (dollars in millions)
17%
15%
43%
25%
Fixed
Annuities
$2,914
Life
Insurance
and A&H
$3,342
Retail
Mutual
Funds
$4,956
Retirement
Income
Solutions
$8,608
82%
11%
7%
Institutional
Markets
$991
Group
Benefits
$655
Group
Retirement
$7,251
..................................................................................................................................................................................................................................
AIG 2013 Form 10-K12
ITEM 1 / BUSINESS / AIG LIFE AND RETIREMENT
..................................................................................................................................................................................