AIG 2014 Annual Report Download - page 143
Download and view the complete annual report
Please find page 143 of the 2014 AIG annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133 -
134 -
135 -
136 -
137 -
138 -
139 -
140 -
141 -
142 -
143 -
144 -
145 -
146 -
147 -
148 -
149 -
150 -
151 -
152 -
153 -
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
-
225
-
226
-
227
-
228
-
229
-
230
-
231
-
232
-
233
-
234
-
235
-
236
-
237
-
238
-
239
-
240
-
241
-
242
-
243
-
244
-
245
-
246
-
247
-
248
-
249
-
250
-
251
-
252
-
253
-
254
-
255
-
256
-
257
-
258
-
259
-
260
-
261
-
262
-
263
-
264
-
265
-
266
-
267
-
268
-
269
-
270
-
271
-
272
-
273
-
274
-
275
-
276
-
277
-
278
-
279
-
280
-
281
-
282
-
283
-
284
-
285
-
286
-
287
-
288
-
289
-
290
-
291
-
292
-
293
-
294
-
295
-
296
-
297
-
298
-
299
-
300
-
301
-
302
-
303
-
304
-
305
-
306
-
307
-
308
-
309
-
310
-
311
-
312
-
313
-
314
-
315
-
316
-
317
-
318
-
319
-
320
-
321
-
322
-
323
-
324
-
325
-
326
-
327
-
328
-
329
-
330
-
331
-
332
-
333
-
334
-
335
-
336
-
337
-
338
-
339
-
340
-
341
-
342
-
343
-
344
-
345
-
346
-
347
-
348
-
349
-
350
-
351
-
352
-
353
-
354
-
355
-
356
-
357
-
358
-
359
-
360
-
361
-
362
-
363
-
364
-
365
-
366
-
367
-
368
-
369
-
370
-
371
-
372
-
373
-
374
-
375
-
376
-
377
-
378
 |
 |
ITEM 7 / INSURANCE RESERVES / NON-LIFE INSURANCE COMPANIES
126
(b) These amounts exclude benefit from retroactive reinsurance.
The following table summarizes development, (favorable) or unfavorable, of incurred losses and loss expenses for
prior years, net of reinsurance, by business unit and major class of business:
Years Ended December 31,
(in millions) 2014 2013 2012
Prior accident year development by major class of business:
Property Casualty - U.S. & Canada:
Excess casualty $ (36) $ (144) $ 157
Financial lines including professional liability (47) (113) (283)
Environmental (post 1986 - ongoing) 137 151 161
Primary casualty:
Loss-sensitive (offset by premium adjustments below) 105 89 54
Other 445 409 477
Healthcare 109 (54) 68
Property excluding natural catastrophes 50 (80) (95)
Natural catastrophes (102) 179 (144)
All other, net 72 23 147
Total Property Casualty - U.S. & Canada 733 460 542
Property Casualty International:
Excess casualty (62) (15) (10)
Primary casualty (5) (25) (36)
Financial lines 182 74 33
Specialty (30) (51) (77)
Property excluding natural catastrophes (82) (3) (54)
Natural catastrophes (77) (71) (105)
All other, net (4) (14) (3)
Total Property Casualty - International (78) (105) (252)
Total Property Casualty 655 355 290
Mortgage Guaranty (104) 30 (78)
Consumer Personal Insurance - U.S. & Canada:
Natural catastrophes (8) (69) 11
All other, net (44) (46) 9
Total Consumer Personal Insurance - U.S. & Canada (52) (115) 20
Consumer Personal Insurance - International:
Natural catastrophes (8) - (26)
All other, net (17) (40) (14)
Total Consumer Personal Insurance - International (25) (40) (40)
Total Consumer Personal Insurance (77) (155) (20)
Run-off Insurance Lines - U.S. & Canada:
Asbestos and environmental (1986 and prior) 126 57 70
Run-off environmental (1987 to 2004) 120 238 166
Total all other, net (20) 22 -
Total Run-off Insurance Lines - U.S. & Canada 226 317 236
Run-off Insurance Lines - International:
Asbestos and environmental (1986 and prior) (2) 10 5
Total all other, net 5 - (12)
Total Run-off Insurance Lines - International 3 10 (7)
Total Run-off Insurance Lines 229 327 229
Total prior year unfavorable development $ 703 $ 557 $ 421
Premium adjustments on primary casualty loss sensitive (105) (89) (54)
Total prior year development, net of premium adjustments $ 598 $ 468 $ 367