AIG 2009 Annual Report Download - page 71

American International Group, Inc., and Subsidiaries
Consolidated Results
The following table presents AIG’s consolidated results of operations:
Percentage Increase/(Decrease)
Years Ended December 31,
(in millions) 2009 2008 2007 2009 vs. 2008 2008 vs. 2007
Revenues:
Premiums and other considerations $ 64,702 $ 78,564 $ 74,753 (18)% 5%
Net investment income 25,239 11,433 30,051 121 (62)
Net realized capital losses (6,854) (52,705) (3,501) - -
Unrealized market valuation gains (losses) on
AIGFP super senior credit default swap
portfolio 1,418 (28,602) (11,472) - -
Other income 11,499 (1,794) 13,801 - -
Total revenues 96,004 6,896 103,632 - (93)
Benefits, claims and expenses:
Policyholder benefits and claims incurred 61,436 58,839 62,452 4 (6)
Policy acquisition and other insurance expenses 20,674 26,284 19,819 (21) 33
Interest expense 15,369 17,007 4,751 (10) 258
Restructuring expenses and related asset
impairment and other expenses 1,386 804 - 72 -
Net loss on sale of divested businesses 1,271 -- - -
Other expenses 9,516 10,490 8,476 (9) 24
Total benefits, claims and expenses 109,652 113,424 95,498 (3) 19
Income (loss) from continuing operations before
income tax expense (benefit) (13,648) (106,528) 8,134 - -
Income tax expense (benefit) (1,878) (8,894) 1,267 - -
Income (loss) from continuing operations (11,770) (97,634) 6,867 - -
Income (loss) from discontinued operations, net of
income tax expense (benefit) (543) (2,753) 621
Net income (loss) (12,313) (100,387) 7,488 - -
Less:
Income (loss) from continuing operations
attributable to noncontrolling interests:
Noncontrolling nonvoting, callable, junior and
senior preferred interests held by Federal
Reserve Bank of New York 140 -- - -
Other (1,527) (944) 1,259 - -
Total Income (loss) from continuing operations
attributable to noncontrolling interests (1,387) (944) 1,259 - -
Income (loss) from discontinued operations
attributable to noncontrolling interests 23 (154) 29 - -
Total net income (loss) attributable to non-
controlling interests (1,364) (1,098) 1,288 - -
Net income (loss) attributable to AIG $ (10,949) $ (99,289) $ 6,200 -% -%
63 AIG 2009 Form 10-K