AIG 2009 Annual Report Download - page 44

American International Group, Inc., and Subsidiaries
• the number, size, terms, cost, proceeds and timing of dispositions and their potential effect on AIG’s businesses,
financial condition, results of operations, cash flows and liquidity (and AIG at any time and from time to time
may change its plans with respect to the sale of one or more businesses);
• AIG’s long-term business mix which will depend on the outcome of AIG’s asset disposition program;
• AIG’s exposures to subprime mortgages, monoline insurers and the residential and commercial real estate
markets;
• the separation of AIG’s businesses from AIG parent company;
• AIG’s ability to retain and motivate its employees; and
• AIG’s strategy for customer retention, growth, product development, market position, financial results and
reserves.
It is possible that AIG’s actual results and financial condition will differ, possibly materially, from the anticipated
results and financial condition indicated in these projections and statements. Factors that could cause AIG’s actual
results to differ, possibly materially, from those in the specific projections and statements include:
• a failure to close transactions contemplated in AIG’s restructuring plan;
• developments in global credit markets; and
• such other factors as discussed throughout this Management’s Discussion and Analysis of Financial Condition
and Results of Operations and in Item 1A. Risk Factors of this Annual Report on Form 10-K.
AIG is not under any obligation (and expressly disclaims any obligation) to update or alter any projection or other
statement, whether written or oral, that may be made from time to time, whether as a result of new information,
future events or otherwise.
Executive Overview
AIG reports the results of its operations through four reportable segments: General Insurance, Domestic Life
Insurance & Retirement Services, Foreign Life Insurance & Retirement Services, and Financial Services. AIG
evaluates performance based on pre-tax income (loss), excluding results from discontinued operations and net gains
(losses) on sales of divested businesses because AIG believes that this provides more meaningful information on how
its operations are performing.
•General Insurance – branded as Chartis in July 2009, is comprised of multiple line companies writing substantially
all lines of property and casualty insurance and various personal lines both domestically and abroad.
•Domestic Life Insurance & Retirement Services – branded as SunAmerica Financial Group in December 2009,
AIG’s Domestic Life Insurance businesses offer a broad range of protection products, including individual term
and universal life insurance, and group life and health products. In addition, Domestic Life Insurance offers a
variety of payout annuities, which include single premium immediate annuities, structured settlements and
terminal funding annuities. Domestic Retirement Services businesses offer group retirement products and
individual fixed and variable annuities. Certain previously acquired closed blocks and other fixed and variable
annuity blocks that have been discontinued are reported as ‘‘runoff’’ annuities. Domestic Retirement Services
also maintains a runoff block of Guaranteed Investment Contracts (GICs) that were written in (or issued to) the
institutional market place prior to 2006.
•Foreign Life Insurance & Retirement Services – provides insurance and investment-oriented products such as
whole and term life, investment linked, universal life and endowments, personal accident and health products,
group products including pension, life and health, and fixed and variable annuities.
•Financial Services – engages in diversified activities, including commercial aircraft and equipment leasing, capital
markets operations, consumer finance and insurance premium financing, both in the United States and abroad.
AIG 2009 Form 10-K 36