AIG 2015 Annual Report Download - page 107

ITEM 7 / RESULTS OF OPERATIONS / CONSUMER INSURANCE
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Accident & Health net premiums written decreased in 2014 compared to 2013. The decrease was primarily due to our focus
on maintaining underwriting discipline in certain classes of business in the U.S., partially offset by growth in Japan and Latin
America.
Personal Lines net premiums written increased in 2014 compared to 2013. The increase was primarily due to increased rates
and improved retention in AIG Private Client Group and continued growth of automobile business outside of Japan, partially
offset by declines in the U.S. warranty service programs.
Personal Insurance Net Premiums Written by Region
The following table presents Personal Insurance net premiums written by region:
Years Ended December 31, Percentage Change in Percentage Change in
U.S. dollars Original Currency
(in millions) 2015 2014 2013 2015 vs. 2014 2014 vs. 2013 2015 vs. 2014 2014 vs. 2013
Americas $ 3,810 $ 3,824 $ 3,794 -
%
1
%
2% 4%
Asia Pacific 5,916 6,516 6,893 (9) (5) 3 1
EMEA 1,854 2,072 2,013 (11) 3 3 2
Total net premiums written $ 11,580 $ 12,412 $ 12,700 (7)
%
(2)
%
3% 2%
PERSONAL INSURANCE NET PREMIUMS WRITTEN BY REGION
(in millions)
The following paragraphs discuss the changes in net premiums written on a constant dollar basis, which exclude the effect of
foreign exchange.
2015 and 2014 Comparison
Americas net premiums written in 2015 increased compared to 2014 due to growth in personal property and automobile
businesses, offset by decreases in warranty service programs and Accident and Health businesses in the U.S. The growth in
personal property business is primarily driven by new business sales and improved retention in AIG Private Client Group in the
U.S., as well as the changes in the reinsurance structure discussed above.
Asia Pacific net premiums written increased in 2015 compared to 2014, primarily due to increased production in personal
property, Accident and Health and automobile businesses.