AIG 2008 Annual Report Download - page 109

Years Ended December 31,
Premiums and
Other
Considerations
Net
Investment
Income
Net Realized
Capital Gains
(Losses)
Total
Revenues
Operating
Income /
(Loss)
(In millions)
2007
Life insurance ........................ $16,630 $ 7,473 $ 85 $24,188 $ 3,898
Personal accident ...................... 6,094 354 (3) 6,445 1,457
Group products ....................... 2,979 753 (76) 3,656 263
Individual fixed annuities . ............... 438 2,283 (171) 2,550 548
Individual variable annuities .............. 460 986 (22) 1,424 31
Total ............................. $26,601 $11,849 $ (187) $38,263 $ 6,197
2006
Life insurance ........................ $15,732 $ 5,937 $ 574 $22,243 $ 4,247
Personal accident ...................... 5,518 285 55 5,858 1,459
Group products ....................... 2,226 648 47 2,921 450
Individual fixed annuities . ............... 400 2,027 31 2,458 580
Individual variable annuities .............. 290 861 — 1,151 145
Total ............................. $24,166 $ 9,758 $ 707 $34,631 $ 6,881
Percentage Increase/(Decrease) 2008 vs. 2007:
Life insurance ........................ 7% (77)% —% (56)% —%
Personal accident ...................... 16 5 — 9 (29)
Group products ....................... 27 (32) — 19 114
Individual fixed annuities . ............... 74 2 — (83) —
Individual variable annuities .............. 6 — — — —
Total ............................. 12% (83)% —% (47)% —%
Percentage Increase/(Decrease) 2007 vs. 2006:
Life insurance ........................ 6% 26% (85)% 9% (8)%
Personal accident ...................... 10 24 — 10 —
Group products ....................... 34 16 — 25 (42)
Individual fixed annuities . ............... 10 13 — 4 (6)
Individual variable annuities .............. 59 15 — 24 (79)
Total ............................. 10% 21% —% 10% (10)%
AIG transacts business in most major foreign currencies and therefore premiums and other considerations
reported in U.S. dollars vary by volume and from changes in foreign currency translation rates.
The following table summarizes the effect of changes in foreign currency exchange rates on the growth
of the Foreign Life Insurance & Retirement Services premiums and other considerations:
2008 2007
Years Ended
December 31,
Growth in original currency* ........................................ 6.7% 7.6%
Foreign exchange effect ............................................ 5.8 2.5
Growth as reported in U.S. dollars . . . ................................. 12.5% 10.1%
*Computed using a constant exchange rate each period.
AIG 2008 Form 10-K 103
American International Group, Inc., and Subsidiaries