AIG 2012 Annual Report Download - page 21

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ITEM 1 / BUSINESS / AIG
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AIG 2012 Revenue Sources ($ millions)
Commercial
Insurance
$23,609Other
$1,769
Consumer
Insurance
$14,403
41%
16%
13%
25%
3%
Life
Insurance
$9,509
Retirement
Services
$7,258
AIG
PROPERTY
CASUALTY
69%
AIG LIFE AND
RETIREMENT
29%
MORTGAGE
GUARANTY
$867
2%
For financial information concerning our reportable segments, including geographic areas of operation and changes
made in 2012, see Note 3 to the Consolidated Financial Statements. Prior periods have been revised to conform to
the current period presentation for segment changes and discontinued operations.
Restructuring and Rebuilding: AIG Moving Forward
We have taken significant steps to position our company for future growth
and in 2012 fully repaid governmental financial support of AIG. These
amounts are discussed below in 2011-2012 Accomplishments. We have made substantial
progress in each of these four
Federal Reserve Bank of New York
main priority areas during the
We repaid the governmental support that we received in September 2008 past few years. Our efforts
and thereafter during the global economic crisis. This support included a have centered on protecting
credit facility from the Federal Reserve Bank of New York (the FRBNY and
such credit facility, the FRBNY Credit Facility) and funding from the and enhancing the value of
Department of the Treasury through the Troubled Asset Relief Program our key businesses, restoring
(TARP). After receiving this support, our Board of Directors and
management placed a strong focus on improving our businesses and AIG’s financial strength,
pursued four main priorities: repaying U.S. taxpayers and
reducing risk.
• building AIG’s value by strengthening our international property and
casualty and domestic life insurance and retirement businesses;
• repaying support from the U.S. government, including through significant
divestitures;
• decreasing our operating costs; and
• reducing risk by winding down our exposure to certain financial products
and derivatives trading activities.
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AIG 2012 Form 10-K4