AIG 2012 Annual Report Download - page 97

19FEB201322181802
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Personal lines net premiums written increased primarily driven by the full year consolidation of Fuji results and
growth in auto, personal property, and specialty personal lines products. Excluding the effects of the Fuji acquisition,
Personal Lines net premiums decreased one percent, primarily as a result of a management decision to not renew
certain programs in the U.S. and Canada that did not meet internal performance targets. Personal Lines continued to
grow in key markets, including Japan and other Asia Pacific countries, Latin America, and in key lines, such as
personal property and specialty personal lines products.
AIG Property Casualty Net Premiums Written by Region
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The following table presents AIG Property Casualty’s net premiums written by region:
Commercial Insurance:
Americas $ 14,493 $ 14,302 (5)% 1% (5)% 1%
Asia Pacific 1,868 1,326 7 41 7 31
EMEA 4,694 4,545 (2) 3 1 1
Total net premiums written $ 21,055 $ 20,173 (4)% 4% (3)% 3%
Consumer Insurance:
Americas $ 3,628 $ 3,640 8% –% 9% –%
Asia Pacific 8,194 5,826 3 41 2 30
EMEA 1,940 1,880 (8) 3 (2) (1)
Total net premiums written $ 13,762 $ 11,346 3% 21% 3% 15%
Other:
Americas $ 23 $ 93 NM% (75)% NM% NM%
Asia Pacific – – NM NM NM NM
Total net premiums written $ 23 $ 93 NM% (75)% NM% NM%
Total AIG Property Casualty:
Americas $ 18,144 $ 18,035 (3)% 1% (3)% 1%
Asia Pacific 10,062 7,152 4 41 3 30
EMEA 6,634 6,425 (4) 3 – 1
Total net premiums written $ 34,840 $ 31,612 (1)% 10% (1)% 7%
WORLDWIDE NET PREMIUMS WRITTEN BY REGION (dollars in millions)
2012 2011 2010
$6,634
$10,062
$18,144
$6,374
$10,448
$17,614
$6,425
$7,152
$18,035
Asia Pacific
Americas
EMEA
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AIG 2012 Form 10-K80
$ 13,717
2,003
4,580
$ 20,300
$ 3,913
8,443
1,794
$ 14,150
$ (16)
2
$ (14)
$ 17,614
10,448
6,374
$ 34,436
Percentage Change in Percentage Change in
U.S. dollars Original Currency
Years Ended December 31,
(in millions) 2012 2011 2010 2012 vs. 2011 2011 vs. 2010 2012 vs. 2011 2011 vs. 2010
ITEM 7 / RESULTS OF OPERATIONS