AIG 2013 Annual Report Download - page 69

The Selected Consolidated Financial Data should be read in conjunction with Management’s Discussion and
Analysis of Financial Condition and Results of Operations and the Consolidated Financial Statements and
accompanying notes included elsewhere herein.
Revenues:
Premiums $ 38,047 $ 39,026 $ 45,352 $ 48,613
Policy fees 2,349 2,309 2,418 2,329
Net investment income 20,343 14,755 20,934 18,992
Net realized capital gains (losses) 930 691 (847) (3,706)
Aircraft leasing revenue 4,504 4,508 4,749 4,967
Other income 4,848 3,816 5,680 4,986
Total revenues 71,021 65,105 78,286 76,181
Benefits, claims and expenses:
Policyholder benefits and claims incurred 32,036 33,523 41,429 45,381
Interest credited to policyholder account balances 4,340 4,432 4,483 4,574
Amortization of deferred policy acquisition costs 5,709 5,486 5,821 6,670
Other acquisition and insurance expenses 9,235 8,458 10,163 9,815
Interest expense 2,319 2,444 6,742 13,237
Aircraft leasing expenses 4,138 5,401 5,289 3,506
Net loss on extinguishment of debt 32 2,908 104 –
Net (gain) loss on sale of properties and divested businesses 6,736 74 (19,566) 1,271
Other expenses 3,585 3,280 4,155 6,169
Total benefits, claims and expenses 68,130 66,006 58,620 90,623
Income (loss) from continuing operations before income taxes(b) 2,891 (901) 19,666 (14,442)
Income tax expense (benefit) (808) (19,764) 6,736 (2,055)
Income (loss) from continuing operations 3,699 18,863 12,930 (12,387)
Income (loss) from discontinued operations, net of taxes 1 2,467 (645) 2,661
Net income (loss) 3,700 21,330 12,285 (9,726)
Net income (loss) attributable to AIG 3,438 20,622 10,058 (8,362)
Income (loss) per common share attributable to AIG common
shareholders
Basic
Income (loss) from continuing operations 2.04 9.65 16.02 (90.50)
Income (loss) from discontinued operations – 1.36 (1.04) 19.13
Net income (loss) attributable to AIG 2.04 11.01 14.98 (71.37)
Diluted
Income (loss) from continuing operations 2.04 9.65 16.02 (90.50)
Income (loss) from discontinued operations – 1.36 (1.04) 19.13
Net income (loss) attributable to AIG 2.04 11.01 14.98 (71.37)
Dividends declared per common share ––––
Year-end balance sheet data:
Total investments 375,824 410,438 410,412 601,165
Total assets 548,633 553,054 675,573 838,346
Long-term debt 48,500 75,253 106,461 136,733
Total liabilities 449,630 442,138 568,363 748,550
Total AIG shareholders’ equity 98,002 101,538 78,856 60,585
Total equity 98,669 102,393 106,776 88,837
Book value per share(a) 66.38 53.53 561.40 448.54
Book value per share, excluding Accumulated other
comprehensive income (loss)(a) 57.87 50.11 498.25 400.90
AIG Property Casualty combined ratio 108.5 108.7 116.8 108.4
Other data (from continuing operations):
Other-than-temporary impairments 1,167 1,280 3,039 6,696
Adjustment to federal deferred tax valuation allowance (1,907) (18,307) 1,361 2,986
Amortization of prepaid commitment fee asset – 49 3,471 8,359
Catastrophe-related losses(c) $ 2,652 $ 3,307 $ 1,076 $ 53
(a) Comparability between 2010 and 2009 data is affected by the deconsolidation of AIA in the fourth quarter of 2010. Book value per share,
excluding Accumulated other comprehensive income (loss) is a non-GAAP measure. See Item 7. MD&A — Use of Non-GAAP Measures for
additional information. Comparability of 2010 and 2009 is affected by a one for twenty reverse stock split.
(b) Reduced by fourth quarter reserve strengthening charges of $4.2 billion and $2.2 billion in 2010 and 2009, respectively, related to the annual
review of AIG Property Casualty loss and loss adjustment reserves.
(c) Catastrophe-related losses are generally weather or seismic events having a net impact on AIG Property Casualty in excess of $10 million each.
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AIG 2013 Form 10-K 51
ITEM 6 / SELECTED FINANCIAL DATA
ITEM 6 / SELECTED FINANCIAL DATA
Years Ended December 31,
(in millions, except per share data) 2013 2012 2011 2010(a) 2009(a)
$ 37,350
2,535
15,810
1,744
4,420
6,819
68,678
29,503
3,892
5,157
9,166
2,142
4,549
651
48
4,202
59,310
9,368
360
9,008
84
9,092
9,085
6.11
0.05
6.16
6.08
0.05
6.13
0.20
356,428
541,329
41,693
440,218
100,470
101,081
68.62
64.28
101.3
327
(3,165)
–
$ 787
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