AIG 2006 Annual Report Download - page 21
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Annual Report 2006 AIG 19
AIG’s Asset Management businesses
include institutional and retail asset
management, private banking,
broker-dealer services and institu-
tional spread-based activities.
Businesses in the group leverage
AIG’s deep knowledge of markets
around the world and expertise in a
wide range of asset classes.
Financial strength is the
bedrock of AIG. By putting
strategies into action that
enhance our strong capital
position, we create value for
our shareholders and investors
and provide our 69 million
customers throughout
the world with a sense of
confidence and security.
AIG strives to remain a low-cost, high-quality service provider.
In recent years, we have added infrastructure and staff to improve
our internal control processes, balancing a short-term increase to
expenses against long-term efficiencies. AIG looks for ways that
allow us to maximize the use of technology throughout the world
to control expenses, while improving our competitiveness through
efficiency, productivity and service levels. Technology strategies
have resulted in the deployment of regional service and call
centers, as well as enhancements for data storage, information
security and protection from the effects of earthquakes and other
potential disasters.
Financial strength is the bedrock of AIG. By putting strategies
into action that enhance our strong capital position, we create
value for our shareholders and investors and provide our 69 million
customers throughout the world with a sense of confidence and
security. AIG is one of the world’s largest and most financially
strong organizations, with shareholders’ equity of $101.68 billion
and consolidated assets of $979.41 billion at the end of 2006.
Wecontinue to have higher ratings than the vast majority of
our competitors. By the rating agencies’ various descriptions, our
ratings remain “Superior,” “Excellent” and “Very Strong.”
This financial strength enables the AIG companies to stand
behind their customers. It gives AIG the strength to be there.