AIG 2013 Annual Report Download - page 5

• AIG Life and Retirement experienced strong sales,
generated significant positive net flows, and captured
opportunities in an era where unprecedented numbers of
baby boomers continue to retire. Assets under management
continued to rise year-over-year, and the diversified
distribution platform delivered near-record sales of variable
annuities, fixed annuities, and retail mutual funds.
• United Guaranty Corporation saw net premiums written rise
in 2013. The business also paid a $90 million cash dividend
to AIG Parent in 2013, its first since 2010.
• AIG announced an agreement to sell International Lease
Finance Corporation (ILFC) to a wholly owned subsidiary of
AerCap Holdings N.V. in the fourth quarter of 2013 for total
consideration of approximately $5.4 billion.
• Cash dividends and loan repayments to AIG Parent from
insurance subsidiaries totaled $8.7 billion in 2013.
• AIG Common Stock purchases and cash dividends to
shareholders totaled $891 million in 2013.
This year, we celebrate the 95th anniversary of our roots in
Shanghai, a city of entrepreneurs. When I first came to AIG in
2009, I visited The Bund – headquarters for AIG’s predecessor
in China – and got a real sense of the company’s simple
beginnings, as well as the interest in people and passion
for enterprise.
Today, we are looking for much the same thing, only on a
larger, more global scale: a simplified organization that brings
our talented people closer to our customers, so that we can
better grow our business and deliver strong results to all of
our stakeholders.
Bring on tomorrow.
Last year, we capitalized on strong
forward momentum, driven by the winning spirit
of our people and solid performance in our core insurance
operating businesses.
Robert H. Benmosche
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