AIG 2013 Annual Report Download - page 108

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COMBINED RATIO
General operating
expense ratio
Acquisition ratio
Severe losses
Catastrophe
losses
Loss
ratio
2013 2012 2011
108.5
109.1
100.5 9.8
ACCIDENT YEAR COMBINED RATIO, AS ADJUSTED
General operating
expense ratio
Acquisition ratio
Severe losses
Loss
ratio
2013 2012 2011
98.7
97.5
93.9
COMMERCIAL INSURANCE RATIOS
12.5
12.2
16.6
80.3
1.4
10.9 11.9
1.4
84.1
14.6
16.1
71.9
2.8
3.5
65.3
2.8
16.1
12.5
68.7
1.4
16.6
12.2
74.3
1.4
14.6
9.8
COMBINED RATIO
General operating
expense ratio
Acquisition ratio
Severe losses
Catastrophe
losses
Loss
ratio
2013 2012 2011
102.9
101.2
100.4 14.4
ACCIDENT YEAR COMBINED RATIO, AS ADJUSTED
General operating
expense ratio
Acquisition ratio
Severe losses
Loss
ratio
2013 2012 2011
97.198.6100.9
CONSUMER INSURANCE RATIOS
15.9 15.3
25.0
60.9
0.2
2.7 5.2
0.0
64.7
23.8
25.5
59.0
0.1
0.6
59.5
0.1
25.5
15.9
58.3
0.2
25.0
15.3
58.9
0.0
23.8
14.4
Given the nature of the lines of business and the expenses included in Other, we have determined that the traditional
underwriting measures of loss ratio, acquisition ratio, general operating expense ratio and combined ratio do not
provide an appropriate measure of underwriting performance. Therefore, these ratios are not presented for Other.
See Liability for Unpaid Claims and Claims Adjustment Expense for further discussion of discounting of reserves and
prior year development.
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AIG 2013 Form 10-K90
ITEM 7 / RESULTS OF OPERATIONS / AIG PROPERTY CASUALTY
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