AIG 2014 Annual Report Download - page 116

ITEM 7 / RESULTS OF OPERATIONS / CONSUMER INSURANCE
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Personal Insurance Net Premiums Written by Region
The following table presents Personal Insurance net premiums written by region:
Percentage Change in Percentage Change in
Years Ended December 31, U.S. dollars Original Currency
(in millions) 2014 2013 2012 2014 vs. 2013 2013 vs. 2012 2014 vs. 2013 2013 vs. 2012
Americas $ 3,824 $ 3,794 $ 3,779 1 % - % 4 % 2 %
Asia Pacific 6,516 6,893 7,714 (5) (11) 1 2
EMEA 2,072 2,013 1,809 3 11 2 10
Total net premiums written $ 12,412 $ 12,700 $ 13,302 (2)% (5) % 2 % 3 %
PERSONAL INSURANCE NET PREMIUMS WRITTEN BY REGION
(in millions)
2014 and 2013 Comparison
Americas net premiums written increased in 2014 compared to 2013, primarily due to an increase in all product lines in our
Latin America operations and growth in U.S. personal property and automobile businesses. These were partially offset by a
decrease in U.S. A&H due to our continued focus on maintaining underwriting discipline.
Asia Pacific net premiums written decreased in 2014 compared to 2013, primarily due to the strengthening of the U.S. dollar
against the Japanese yen. Excluding the effect of foreign exchange, net premiums written increased, primarily due to
production increases in Japan A&H and in property and automobile business outside of Japan.
EMEA net premiums written increased in 2014 compared to 2013, due to growth in the automobile business and warranty
service programs, partially offset by a decrease in the A&H business.
2013 and 2012 Comparison
Americas net premiums written increased in 2013 compared to 2012, primarily due to continued growth in property, the AIG
Private Client Group and rate actions related to the warranty retail program. This was partially offset by the effect of the timing
of catastrophe bond reinsurance transactions.
Asia Pacific net premiums written decreased in 2013 compared to 2012, primarily due to the strengthening of the U.S. dollar
against the Japanese yen. Excluding the effect of foreign exchange, net premiums written increased primarily due to our
focused strategy to grow sales through the direct marketing distribution channel. The expansion of business in Asia Pacific
countries outside of Japan was driven by an increase in individual personal accident insurance and personal lines products.