AIG 2009 Annual Report Download - page 238

American International Group, Inc., and Subsidiaries
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
AIG’s foreign consumer finance operations are principally conducted through AIGCFG. AIGCFG operates
primarily in emerging and developing markets. As of December 31, 2009, AIGCFG had operations in Argentina,
Poland, Taiwan, India and Colombia.
Other Operations: AIG’s Other operations include interest expense, restructuring costs, expenses of corporate staff
not attributable to specific reportable segments, expenses related to efforts to improve internal controls, corporate
initiatives, certain compensation plan expenses, certain litigation related charges, corporate level net realized capital
gains and losses and net gains and losses on sale of divested businesses.
Additionally, Other operations include the results of the Noncore insurance and asset management businesses as a
result of the realignment discussed above.
Year-end identifiable assets presented in the following tables include assets of businesses held for sale at
December 31, 2009.
The following table presents AIG’s operations by reportable segment:
Reportable Segments
Domestic Life Foreign Life
Insurance & Insurance & Consolidation
General Retirement Retirement Financial and
(in millions) Insurance Services Services Services Other(a) Total Eliminations Consolidated
2009
Total revenues $ 35,039 $ 11,366 $ 32,937 $ 9,576 $ 9,163 $ 98,081 $ (2,077) $ 96,004
Other-than-temporary
impairment charges(b) 903 3,821 1,454 22 1,579 7,779 - 7,779
Interest expense - - 27 3,010 12,945 15,982 (583) 15,399
Depreciation and amortization 7,005 1,140 3,657 2,163 666 14,631 - 14,631
Pre-tax income (loss) from
continuing operations 169 (1,179) 3,221 517 (15,769) (13,041) (607) (13,648)
Capital expenditures 191 52 190 2,613 659 3,705 - 3,705
Year-end identifiable assets 154,733 245,607 307,883 132,821 151,748 992,792 (145,207) 847,585
2008
Total revenues $ 34,731 $(19,634) $ 16,659 $(31,095) $ 8,449 $ 9,110 $ (2,214) $ 6,896
Other-than-temporary
impairment charges(b) 4,051 30,464 9,766 127 4,241 48,649 - 48,649
Interest expense - - 5 3,365 14,041 17,411 (393) 17,018
Depreciation and amortization 7,904 361 4,187 2,009 984 15,445 - 15,445
Pre-tax loss from continuing
operations (2,451) (34,948) (3,332) (40,821) (23,672) (105,224) (1,304) (106,528)
Capital expenditures 179 100 595 3,501 1,766 6,141 - 6,141
Year-end identifiable assets 144,520 240,279 271,867 167,061 211,407 1,035,134 (174,716) 860,418
2007
Total revenues $ 41,162 $ 18,189 $ 31,795 $ (1,309) $ 14,170 $ 104,007 $ (375) $ 103,632
Other-than-temporary
impairment charges(b) 382 2,209 900 650 455 4,596 - 4,596
Interest expense - 56 72 7,682 2,152 9,962 (410) 9,552
Depreciation and amortization 7,989 1,587 1,864 2,299 1,506 15,245 - 15,245
Pre-tax income (loss) from
continuing operations 10,175 3,070 5,352 (9,515) (1,699) 7,383 751 8,134
Capital expenditures 234 134 398 4,569 3,948 9,283 - 9,283
Year-end identifiable assets 157,856 349,604 309,017 193,975 178,588 1,189,040 (140,679) 1,048,361
(a) Interest expense in 2009 and 2008 include amortization of prepaid commitment asset of $8.4 billion and $9.3 billion, respectively.
(b) Included in Total revenues presented above.
AIG 2009 Form 10-K 230