AIG 2007 Annual Report Download - page 202

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American International Group, Inc. and Subsidiaries
Notes to Consolidated Financial Statements Continued
include issuing standard and structured notes and other securities
2. Segment Information
and entering into guaranteed investment agreements (GIAs).
Continued
Consumer Finance operations include American General Fi-
capital markets, consumer finance and insurance premium nance Inc. (AGF) as well as AIG Consumer Finance Group Inc.
finance. (AIGCFG). AGF and AIGCFG provide a wide variety of consumer
AIG’s Aircraft Leasing operations represent the operations of finance products, including non-conforming real estate mortgages,
International Lease Finance Corporation (ILFC), which generates consumer loans, retail sales finance and credit-related insurance
its revenues primarily from leasing new and used commercial jet to customers both domestically and overseas, particularly in
aircraft to domestic and foreign airlines. Revenues also result emerging and developing markets.
from the remarketing of commercial jets for its own account, and
remarketing and fleet management services for airlines and for Asset Management: AIG’s Asset Management operations com-
financial institutions. prise a wide variety of investment-related services and investment
Capital Markets represents the operations of AIGFP, which products. Such services and products are offered to individuals,
engages as principal in a wide variety of financial transactions, pension funds and institutions globally through AIG’s Spread-
including standard and customized financial products involving Based Investment business, Institutional Asset Management, and
commodities, credit, currencies, energy, equities and rates and Brokerage Services and Mutual Funds business. Revenues in the
provides credit protection through credit default swaps on certain Asset Management segment represent investment income with
super senior tranches of collateralized debt obligations (CDOs). respect to spread-based products and management, advisory and
AIGFP also invests in a diversified portfolio of securities and incentive fees.
principal investments and engages in borrowing activities that
148 AIG 2007 Form 10-K