American International Group, Inc
Total Page:16
File Type:pdf, Size:1020Kb
American International Group, Inc. Financial Supplement Second Quarter 2010 This report should be read in conjunction with AIG's Quarterly Report on Form 10-Q for the quarter ended June 30, 2010 filed with the Securities and Exchange Commission. American International Group, Inc. Financial Supplement Table of Contents Consolidated Asia Operating Statistics........................................................................................................................35 Consolidated Statement of Income (Loss)……. ..............................................................................1 - 2 Japan Operating Statistics......................................................................................................................36 Consolidated Statement of Segment Operations .............................................................................3 – 4 Foreign Life Insurance & Retirement Services Notes ............................................................................37 Summary of Non-qualifying derivative hedging activities....................................................................5 Financial Services Consolidated Balance Sheet.............................................................................................................. 6-7 Financial Services Operating Results..................................................................................................38 Debt and Capital...................................................................................................................................8 Consumer Finance Operating Results .................................................................................................39 U.S. Government Support.....................................................................................................................9 Consumer Finance Other Data............................................................................................................40 Capital Structure.................................................................................................................................10 Financial Services Notes ..............................................................................................41 Book Value per Common Share .........................................................................................................11 American General Finance Real Estate Portfolio................................................................................42 General Insurance Other General Insurance Operating Statistics ...............................................................................................12 Other .................................................................................................................................................43 AIG Commercial Insurance Operating Statistics ................................................................................13 Other Notes ........................................................................................................................................44 AIG Commercial Insurance Gross Premiums Written by Line of Business........................................14 Parent Company Financial Statements ....................................................................................... 45 - 48 Foreign General Insurance Operating Statistics..................................................................................15 Pre –Tax Realized Gains (Losses) by Source by Business Segment………….…..49 Foreign General Insurance Gross Premiums Written..........................................................................16 Investment Information General Insurance Notes.....................................................................................................................17 Cash and Investments by Segment......................................................................................................50 Domestic Life Insurance & Retirement Services AIGFP Balance Sheet .........................................................................................................................51 Domestic Life Insurance & Retirement Services Operating Statistics ................................................18 Other Invested Assets by Segment......................................................................................................52 Domestic Life Insurance Operating Statistics ....................................................................................19 Return on Average Partnership and Mutual Funds Assets by Segment...............................................53 Domestic Life Insurance Sales and Deposits .....................................................................................20 Comment on Reg G ..................................................................................................................54 Domestic Life Insurance Other Data ..................................................................................................21 Domestic Life Insurance Deferred Policy Acquisition Costs, Sales Inducements and Value of Business Acquired.........................................................................22 Domestic Life Insurance Notes...........................................................................................................23 Domestic Retirement Services Operating Statistics............................................................................24 Domestic Retirement Services Product Statistics ...............................................................................25 Domestic Retirement Services Account Value Rollforward ...............................................................26 Domestic Retirement Services Spread Information .....................................................................27 - 28 Domestic Life Insurance & Retirement Services Deferred Policy Acquisition Costs, Sales Inducements and Value of Business Acquired.........................................................................29 Domestic Retirement Services – Group Retirement Products.............................................................30 Domestic Retirement Services – Individual Variable Annuities Guaranteed Benefits.................31 - 32 Domestic Retirement Services Notes..................................................................................................33 Foreign Life Insurance & Retirement Services Foreign Life Insurance & Retirement Services Operating Statistics ...................................................34 American International Group, Inc. Investor Relations Teri L. Watson, Vice President (212)770-7074 American International Group, Inc. Consolidated Statement of Income (Loss) (in millions, except per share data) Three Months Ended Six Months Ended June 30, June 30, % Inc. March 31, % Inc. June 30, June 30, % Inc. 2010 2009 (Dec.) 2010 (Dec.) 2010 2009 (Dec.) Revenues: Premiums and other considerations $ 12,649 $ 14,074 (10.1) % $ 12,426 1.8 % $ 25,075 $ 29,118 (13.9) % Net investment income 5,386 6,858 (21.5) 5,545 (2.9) 10,931 8,332 31.2 Net realized capital losses: (1) Total other-than-temporary impairments on available for sale securities (847) (1,084) NM (317) NM (1,164) (4,702) NM Portion of other-than-temporary impairments on available for sale fixed maturity securities recognized in Accumulated other comprehensive loss 251 369 (32.0) (521) NM (270) 369 NM Net other-than-temporary impairments on available for sale securities recognized in net income (loss) (596) (715) NM (838) NM (1,434) (4,333) NM Other realized capital gains (22) (416) NM 397 NM 375 453 (17.2) Total net realized capital losses (618) (1,131) NM (441) NM (1,059) (3,880) NM Unrealized market valuation gains (losses) on AIGFP super senior credit default swap portfolio 161 636 (74.7) 119 35.3 280 184 52.2 Other income (1) 2,404 3,485 (31.0) 2,262 6.3 4,666 6,269 (25.6) Total revenues (1) 19,982 23,922 (16.5) 19,911 0.4 39,893 40,023 (0.3) Benefits, claims and expenses: Policyholder benefits and claims incurred 10,607 13,570 (21.8) 10,428 1.7 21,035 26,713 (21.3) Policy acquisition and other insurance expenses 3,968 4,484 (11.5) 3,861 2.8 7,829 8,646 (9.4) Interest expense 2,009 2,553 (21.3) 1,876 7.1 3,885 5,343 (27.3) Restructuring expenses and related asset impairment and other expenses 70 326 (78.5) 120 (41.7) 190 678 (72.0) Net loss (gain) on sale of divested businesses (2) (198) 566 NM 76 NM (122) 307 NM Other expenses 1,923 2,252 (14.6) 1,793 7.3 3,716 4,495 (17.3) Total benefits, claims and expenses 18,379 23,751 (22.6) 18,154 1.2 36,533 46,182 (20.9) Income (loss) from continuing operations before income tax expense (benefit) 1,603 171 837.4 1,757 (8.8) 3,360 (6,159) NM Income tax expense (benefit) 311 (415) NM (423) NM (112) (1,284) NM Income (loss) from continuing operations 1,292 586 120.5 2,180 (40.7) 3,472 (4,875) NM Income (loss) from discontinued operations, net of income tax expense (benefit) (3) (3,407) 1,259 NM 325 NM (3,082) 1,587 NM Net income (loss) (2,115) 1,845 NM 2,505 NM 390 (3,288) NM Less: Net Income (loss) from continuing operations attributable to noncontrolling interests: Noncontrolling nonvoting, callable, junior and senior preferred interests held by Federal Reserve Bank of New York 508 - NM 519 (2.1) 1,027 - NM Other 20 (7) NM 119 (83.2) 139 (775) NM Total net income (loss) from continuing operations attributable to noncontrolling interests 528 (7) 638 NM 1,166 (775) NM Income (loss) from discontinued