AIG 2009 Annual Report Download - page 90

American International Group, Inc., and Subsidiaries
The following tables summarize development, (favorable) or unfavorable, of incurred losses and loss expenses for prior
years (other than accretion of discount):
Years Ended December 31,
(in millions) 2009 2008 2007
Prior Accident Year Development by Reporting Unit:
General Insurance segment:
Commercial Insurance $2,749 $ 23 $(371)
Foreign General Insurance 9(62) (286)
Total General Insurance segment 2,758 (39) (657)
Noncore businesses:
Transatlantic*(5) (1) 88
21st Century*(17) 87 24
Mortgage Guaranty 38 177 (25)
HSB*(3) (69) (36)
Total Noncore businesses: 13 194 51
Asbestos settlements -(37) (50)
Prior years, other than accretion of discount $2,771 $118 $(656)
* Transatlantic was deconsolidated during the second quarter of 2009, 21st Century was sold in the third quarter of 2009 and HSB was sold during the
first quarter of 2009.
Years Ended December 31,
(in millions) 2009 2008 2007
Prior Accident Year Development by Major Class of Business:
Excess casualty (Commercial Insurance) $1,507 $1,105 $ 73
D&O and related management liability (Commercial Insurance) (39) (430) (305)
Excess workers compensation (Commercial Insurance) 956 (12) (14)
Healthcare (Commercial Insurance) (92) (310) (194)
Reinsurance (Transatlantic) (5) (1) 88
Asbestos and environmental (primarily Commercial Insurance) 155 51 18
All other, net 289 (285) (322)
Prior years, other than accretion of discount $2,771 $ 118 $(656)
Calendar Year
Years Ended December 31,
(in millions) 2009 2008 2007
Prior Accident Year Development by Accident Year:
Accident Year
2008 $ 289
2007 (57) $(370)
2006 (91) (590) $(1,248)
2005 18 (455) (446)
2004 182 (335) (428)
2003 73 200 37
2002 126 176 234
2001 316 238 263
2000 356 341 321
1999 & Prior 1,559 913 611
Prior years, other than accretion of discount $2,771 $ 118 $ (656)
AIG 2009 Form 10-K 82