AIG 2008 Annual Report Download - page 232

AIG’s General Insurance operations by major internal reporting unit were as follows:
Commercial
Insurance Transatlantic
Personal
Lines
Mortgage
Guaranty
Foreign
General
Insurance
Total
Reportable
Segment
Consolidation
and
Eliminations
Total
General
Insurance
General Insurance
(In millions)
2008
Total revenues . . ............ $ 20,841 $ 4,079 $4,848 $ 1,228 $13,658 $ 44,654 $ 22 $ 44,676
Claims and claims adjustment
expenses incurred........... 17,915 2,907 3,633 3,264 7,838 35,557 — 35,557
Underwriting expenses . . ....... 5,991 1,233 2,000 439 5,202 14,865 — 14,865
Operating income (loss) . ....... (3,065) (61) (785) (2,475) 618 (5,768) 22 (5,746)
Depreciation expense . . . ....... 101 3 87 7 182 380 — 380
Capital expenditures . . . ....... 69 3 62 10 117 261 — 261
Year-end identifiable assets ...... $107,458 $13,376 $5,304 $ 6,561 $39,037 $171,736 $(5,789) $165,947
2007
Total revenues . . ............ $ 27,653 $ 4,382 $4,924 $ 1,041 $13,715 $ 51,715 $ (7) $ 51,708
Claims and claims adjustment
expenses incurred........... 15,948 2,638 3,660 1,493 6,243 29,982 — 29,982
Underwriting expenses . . ....... 4,400 1,083 1,197 185 4,335 11,200 — 11,200
Operating income (loss) . ....... 7,305 661 67 (637) 3,137 10,533 (7) 10,526
Depreciation expense . . . ....... 97 2 70 6 125 300 — 300
Capital expenditures . . . ....... 93 4 81 21 155 354 — 354
Year-end identifiable assets ...... $112,675 $15,484 $5,930 $ 4,550 $48,728 $187,367 $(5,659) $181,708
2006
Total revenues . . ............ $ 27,419 $ 4,050 $4,871 $ 877 $11,999 $ 49,216 $ (10) $ 49,206
Claims and claims adjustment
expenses incurred........... 16,779 2,463 3,306 349 5,155 28,052 — 28,052
Underwriting expenses . . ....... 4,795 998 1,133 200 3,616 10,742 — 10,742
Operating income ............ 5,845 589 432 328 3,228 10,422 (10) 10,412
Depreciation expense . . . ....... 100 2 52 5 115 274 — 274
Capital expenditures . . . ....... 125 2 94 11 143 375 — 375
Year-end identifiable assets ...... $104,866 $14,268 $5,391 $ 3,604 $43,879 $172,008 $(5,004) $167,004
226 AIG 2008 Form 10-K
American International Group, Inc., and Subsidiaries
Notes to Consolidated Financial Statements — (Continued)