AIG 2010 Annual Report Download - page 30

19FEB201100403734 19FEB201100403879
American International Group, Inc., and Subsidiaries
Western National is a leading provider of fixed deferred annuities to bank customers. Primary products include
single and flexible premium deferred fixed annuities. Western National sustains its leading position in bank
distribution through its collaborative product design process and efficient and flexible administration platform.
SunAmerica Retirement Markets is a leading provider of deferred variable annuities, which provide
comprehensive retirement income solutions. Variable annuities provide market participation through a diverse
menu of equity and fixed income portfolios, guaranteed death benefits and a suite of guaranteed retirement
income solutions. SunAmerica Retirement Markets distributes products through national, regional, bank and
independent broker-dealer firms.
Brokerage Services and Retail Mutual Funds includes the operations of SunAmerica Asset Management, which
provides retail mutual funds and administration services for VALIC’s and SunAmerica Retirement Markets’
variable annuity funds, and The Advisor Group, which is one of the largest networks of independent financial
advisors in the U.S.
Other includes the operations of SunAmerica Affordable Housing Partners, runoff Guaranteed Investment
Contracts (GIC) and individual annuity portfolios.
The following charts present SunAmerica premiums and other considerations and premiums, deposits and other
considerations by line of business:
Premiums and Other Considerations Premiums, Deposits and Other Considerations
4%
68%
9%
1%
1%
7%
10%
1%
3%
26%
11%
6% 20%
33%
Life Insurance
Payout annuities
Group retirement products
Individual annuities -
runoff
Individual fixed annuities
Individual variable
annuities
Brokerage services and
retail mutual funds
Premiums and other considerations represent premiums received on traditional life insurance policies, deposits
on life contingent payout annuities and fee income related to annuities and life insurance policies. Premiums,
deposits and other considerations is a non-GAAP measure which includes life insurance premiums, deposits on
annuity contracts and mutual funds.
The following table presents a reconciliation of premiums, deposits and other considerations to premiums and
other considerations:
Year Ended December 31,
(in millions) 2010
Premiums, deposits and other considerations $ 19,086
Deposits (16,461)
Fee income 2,710
Other (105)
Premiums and other considerations $ 5,230
14 AIG 2010 Form 10-K