AIG 2015 Annual Report Download - page 84

ITEM 7 / RESULTS OF OPERATIONS / COMMERCIAL INSURANCE
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84
PROPERTY CASUALTY 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
The Americas net premiums written decreased in 2015 compared to 2014, primarily due to continued execution of our
strategy to enhance risk selection and optimize our product portfolio in Casualty, largely offset by strong growth in new
business related to targeted growth products in Property, Specialty and Financial lines. Additionally, for 2015, net premiums
written reflected the renewal of a multi-year E&O policy in the U.S.
Asia Pacific net premiums written increased in 2015 compared to 2014, primarily due to new business and higher retention in
all lines of business.
EMEA net premiums written increased in 2015 compared to 2014, primarily due to new business growth in targeted growth
products across all lines of business.
2014 and 2013 Comparison
The Americas net premiums written decreased in 2014 compared to 2013, primarily due to declines in new business growth
and rate pressure, particularly in the Casualty business. However, for 2014, the decrease in net premiums written was partially
offset by lower ceded premiums from catastrophe reinsurance transactions described above in 2014 compared to 2013.
Asia Pacific net premiums written increased slightly in 2014 compared to 2013, primarily due to increases in targeted growth
products, and changes to optimize our reinsurance structure as part of our decision to retain more favorable risks while
continuing to manage aggregate exposure, particularly in Japan.
EMEA net premiums written increased in 2014 compared to 2013, due to new business growth across all lines of businesses,
except for Specialty.