AIG 2015 Annual Report Download - page 16

ITEM 1 / BUSINESS / CONSUMER INSURANCE
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Consumer Insurance Operating Segments
Consumer Insurance’s current operating segments consist of Retirement, Life, and Personal Insurance.
Retirement Product Lines
Fixed Annuities: Products include single and flexible premium fixed annuities and single premium immediate and deferred
income annuities. The Fixed Annuities product line maintains its industry-leading position in the U.S. bank distribution channel
by designing products collaboratively with banks and offering an efficient and flexible administration platform.
Retirement Income Solutions: Primary products include variable and fixed index annuities that provide both asset
accumulation and lifetime income benefits, as well as investment-focused variable annuities. Variable annuities are
distributed primarily through banks, wirehouses, and regional and independent broker-dealers. Fixed index annuities are
distributed primarily through banks, broker dealers, independent marketing organizations and independent insurance agents.
Group Retirement: Products are marketed under the VALIC brand and include fixed and variable annuities, mutual funds,
and plan administrative and compliance services. VALIC career financial advisors and independent financial advisors
provide retirement plan participants with enrollment support and comprehensive financial planning services.
Retail Mutual Funds: Includes our mutual fund sales and related administration and servicing operations.
Life Product Lines
Life products in the U.S. primarily include term life and universal life insurance. International products include term and
whole life insurance, supplemental health, cancer and critical illness insurance. Life products are primarily distributed
through independent marketing organizations, independent insurance agents, financial advisors and direct marketing. The
Life operating segment also offers group products distributed through employers (both employer-paid and voluntary) and
sponsored organizations, with the key products being basic and supplemental term life, universal life and disability
insurance.
Personal Insurance Product Lines
Accident and Health: Products include voluntary and sponsor-paid personal accident and supplemental health products
for individuals, employees, associations and other organizations as well as a broad range of travel insurance products and
services for leisure and business travelers. Accident and Health (A&H) products are distributed through various channels,
including agents, brokers, affinity partners, airlines and travel agents.
Personal Lines: Products include automobile and homeowners insurance, extended warranty, and consumer specialty
products, such as identity theft and credit card protection. Products are distributed through various channels, including
agents, brokers and direct marketing. Personal Insurance also provides insurance for high net worth individuals offered
through AIG Private Client Group, including auto, homeowners, umbrella, yacht, fine art and collections insurance.