American International Group Inc STRONG BUY AIG US Current Price: $55.33 American International Group Inc. (AIG) Target Price: $62.4

American International Group, Inc. (AIG), incorporated on June 9, 1967, is a world’s MARKET DATA largest insurance organization. The Company provides a range of property casualty Price (closing 12/05/14) $55.3 insurance, life insurance, retirement products , mortgage insurance and other financial Diluted shares (in M) 1,399.9 services to customers in more than 130 countries. It diverse offerings include products Market cap ($ in M) 77,457.2 and services that help businesses and individuals protect their assets, manage risks and Net Debt ($ in M) 34,290.0 provide for retirement security. It earns revenues primarily from insurance premiums, EV ($ in mn) 111,747.2 policy fees from universal life insurance and investment products, and income from Exchange NYSE investments. In May 2014, the Company completed the sale of 100% inte rest in International Lease Finance Corporation (ILFC) to AerCap Holdings N.V. In Aug’14, it Industry Insurance AVISE ANALYTICS AVISE ANALYTICSagreed to AVISEacquire ANALYTICSAgeas Protect Limited AVISEfrom ANALYTICSAgeas Group AVISEfor consideration ANALYTICSof £305 AVISEmn. ISIN ANALYTICS AVISEUS0268747849 ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE BloombergANALYTICS AVISEAIG:US ANALYTICS INVESTMENTAVISE ANALYTICSRATIONALE AVISE ANALYTICS AVISE ANALYTICS AVISE ReutersANALYTICS AVISEAIG.N ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS •AVISEStrategic ANALYTICSmove to stimulate AVISEprofitability ANALYTICS AVISE ANALYTICS AVISE $ in M 2013 2014e 2015e 2016e AIG’s consistent efforts to realign its core operations via selling non-core assets including ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE SALES 64,258 64,901 65,809 67,191 the recent divestment of last major non-core asset, ILFC, are delivering positive results. ANALYTICS AVISE ANALYTICS It’sAVISERoE improved ANALYTICSto 9.2% AVISEin FY13 ANALYTICSfrom 3.5% in FY AVISE12. The ANALYTICSCompany’s re-pricing AVISEinitiatives %growthANALYTICS(3.4%) AVISE1.0% 1.4%ANALYTICS2.1% AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE Adj. EBITDA 16,559 17,463 17,052 17,374 along with cost cutting measures and active spread management act as potential ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE %margin 25.8% 26.9% 25.9% 25.9% earnings catalyst. The successful integration of pending Ageas Protect Ltd. acquisition is Adj. PATANALYTICS9,221 10,037 AVISE9,696 ANALYTICS10,064 likelyAVISEto reinforceANALYTICSAIG’s market AVISEposition ANALYTICSin the U. KAVISE. ANALYTICS AVISE %marginANALYTICS14.3% 15.5% AVISE14.7% ANALYTICS15.0% AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE • ANALYTICS2013 2014e AVISE2015e ANALYTICS2016e AVISEImproving ANALYTICSfinancial leverage AVISEhighlights ANALYTICSless Balance AVISESheet ANALYTICSrisk AVISE ANALYTICS AVISE ANALYTICS AIGAVISEhas ANALYTICSsignificantly reduced AVISEits ANALYTICSlong te rm debt AVISEobligations ANALYTICSfrom $106. 4AVISEbn in FY 10 to EV/SalesANALYTICS1.8 AVISE1.7 ANALYTICS1.6 1.5 $AVISE36.2 bn ANALYTICSin 3Q14 leading AVISEto improved ANALYTICSfinancial AVISEleverage ANALYTICSand better coverage AVISEratios . Its EV/A.EBITDAANALYTICS6.9 AVISE6.3 ANALYTICS6.3 5.9 interestAVISE coverageANALYTICSratio AVISErose from ANALYTICS4.2x in FY11 AVISEto 7.4x ANALYTICSduring 3Q14. TheAVISECompany’s Forward PB 67.8 78.6 85.8 93.6 aggressive move to replace its higher coupon debt with lower coupon debt by early ANALYTICS AVISE ANALYTICS redemption/repurchaseAVISE ANALYTICS continue to deliver operating leverage. Narrow Balance Sheet SHAREHOLDINGS risk and near-record shareholders’ equity indicates AIG’s improving financial strength. Top 10 Institutions (%) • The Vanguard Group, Inc. 5.0 Attractive valuation – AIG stock presently trading at discount to its book value AIG stock presently trades at 0.75x its tangible book value/sh of $69.3 which fully SSgAAVISEFunds Management, Inc. ANALYTICS AVISE ANALYTICS4.4 AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE Fairholme Capital Management LLC 4.2 discounts its RoE of 8% compared with its peer group average RoE of ~12%. The Company BlackRockANALYTICSFund Advisors AVISE ANALYTICS3.6 AVISEreinitiated ANALYTICSits dividend AVISEpayment ANALYTICSafter five years AVISEin 2013 ANALYTICSand intends AVISEto repurchase Harris Associates LPANALYTICS AVISE ANALYTICS2.6 AVISEadditional ANALYTICSshares worth AVISE$1.5 bn ANALYTICSafter undertaking AVISE~$3 .ANALYTICS4 bn share buyback AVISEin FY14 till Capital Research & Management Co.ANALYTICS AVISE ANALYTICS2.3 AVISEdate. Improving ANALYTICSoperating AVISEca s h ANALYTICSflows and liquidity AVISEposition ANALYTICSprovides visibility AVISEto provide Wellington Management Co. LLPANALYTICS AVISE ANALYTICS2.2 AVISEconsistent ANALYTICSfuture returns AVISEto its shareholders ANALYTICSthrough AVISEdividends ANALYTICSand buyback AVISEprogram . Waddell & Reed Investment Mgmt Co. 1.3 HotchkisANALYTICS& Wiley Capital Mgmt LLC AVISE ANALYTICS1.3 AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE Northern Trust Investments, Inc.ANALYTICS AVISE ANALYTICS1.2 AVISEHURDLES ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE Total 28.0 ANALYTICS AVISE ANALYTICS AVISE• Exposure ANALYTICSto natural and AVISEman-made ANALYTICScatastrophe AVISErisks, interest ANALYTICSrate and AVISEregulatory risks ANALYTICS AVISE ANALYTICS AVISE• ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE REPORT CARD Modestunfavorable reserve development continue to impede underwriting results ANALYTICS AVISE ANALYTICS AVISE• Large underwritingANALYTICSlosses AVISEand/or ANALYTICSrise in financial AVISEleverage ANALYTICSmay trigger rating AVISEdowngrade ManagementANALYTICS AVISE ANALYTICSA AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE Financials A ANALYTICS AVISE ANALYTICS AVISEANALYST ANALYTICSNOTE AVISE ANALYTICS AVISE ANALYTICS AVISE CatalystsANALYTICS AVISE ANALYTICSA AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ValuationANALYTICS AVISE ANALYTICSA AVISEAIG exit ANALYTICSfrom government AVISEownership, ANALYTICSfinancial AVISEturnaround ANALYTICSand strategic AVISEtransformation is set to improve its competitive advantage. The Company is on track to achieve its long- ANALYTICS AVISE ANALYTICS AVISEterm goal ANALYTICSof 10% ROE for AVISEFY15 andANALYTICSachieve average AVISEannual ANALYTICSpercentage growthAVISEof its EPS ANALYTICS AVISE ANALYTICS AVISEin the ANALYTICSmid-teens through FY15 driven by earning potentials from its P&C and life- retirement segments and disciplined claims and expense management. We are attracted to its valuation, recent management changes and strong asset class, expect the stock to trade at a price of $62.4 in 18 months, based on expected average P/Eand P/B multiples. American International Group Inc

Revenue model of AIG

Mortgage Guaranty Others, $949 $2,971, 8% 1%

AIG Life & Retirement Instituti $20,590 onal, $7,875, 34% 38% Retail AIG $12,715 Property 62% Casualty, Consumer $39,709, Insurance, 65% AVISE$13,601 ANALYTICS, AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE 34% Commerci ANALYTICS AVISE ANALYTICSal AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICSInsurance AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE $23,127 ANALYTICS AVISE ANALYTICS58% AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE AIGANALYTICSProperty Casualty AVISE(65 %ANALYTICS) AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE BasedANALYTICSon net premiums AVISEwritten ANALYTICSin 2012, AIG AVISEProperty ANALYTICSCasualty is the AVISElargest ANALYTICScommercial insurer AVISEin the ANALYTICSU.S. and Canada AVISE. We are the largest U.S. based property casualty insurer in Europe, and the largest foreign property casualty insurer in China. Inaddition, AIG ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE Property Casualty was first to market in many developing nations and is well positioned toenhance its businesses in countries such asANALYTICSBrazil, China through AVISEstrategic ANALYTICSrelationships AVISEwith PICCANALYTICSLife Insurance AVISECompany ANALYTICSLimited (PICC AVISELife) and ANALYTICSIndia with the AVISETata Group . ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE • ANALYTICSCasualty: Includes AVISEgeneral ANALYTICSliability, commercial AVISE ANALYTICSautomobile AVISEliability, ANALYTICSworkers' compensation, AVISE ANALYTICSexcess casualty AVISEand crisis ANALYTICSmanagement insurance AVISE ANALYTICS. Casualty also includes AVISErisk ANALYTICSmanagement AVISEand other ANALYTICScustomized structured AVISE ANALYTICSprograms for large AVISEcorporate ANALYTICScustomers and AVISEmultinational ANALYTICScompanies AVISE. ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE • ANALYTICSProperty: Includes AVISEindustrial, ANALYTICSenergy-related AVISEand ANALYTICScommercial property insurance products, which cover exposures to man- made and natural disasters, including business interruption. • Specialty: Includes aerospace, environmental, political risk, trade credit, surety and marine insurance, and various product offerings for small and medium sized enterprises. • Financial: Includesvarious forms of professional liability insurance, including directors and officers (D&O), fidelity, employment AVISEpractices, ANALYTICSfiduciary liability, AVISEcyber ANALYTICSrisk, kidnapand AVISEransom, ANALYTICSand errors and AVISEomissions ANALYTICSinsurance (E&O) AVISE. ANALYTICS AVISE •ANALYTICSAccident & Health AVISE: Includes ANALYTICSvoluntary AVISEand sponsor ANALYTICS-paid personal AVISEaccidental ANALYTICSand supplemental AVISE healthANALYTICSproducts AVISEfor individuals, ANALYTICSemployees, associations AVISE ANALYTICSand other organizations AVISE ANALYTICS. It also includes AVISElife products ANALYTICS(outside AVISEof the UANALYTICS.S. mark et) as AVISEwell as a broad range of travel insurance products and services for leisure and business travelers. ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE • Personal: Includes automobile, homeowners and extended warranty insurance. It also includes insurance for high-net-worth ANALYTICSindividuals (offered AVISEthrough ANALYTICSPrivate Client AVISEGroup), ANALYTICSincluding umbrella,AVISE ANALYTICSyacht and fine AVISEart insurance, ANALYTICSand consumer AVISEspecialty ANALYTICSproducts, such AVISEas identity ANALYTICStheft and credit AVISEcard ANALYTICSprotection. AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE AIGANALYTICSLife & Retirement AVISE(34 ANALYTICS%) AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE AANALYTICSIGLife and Retirement's AVISE ANALYTICSorganizational structure AVISE ANALYTICSincludes distinct AVISEproduct ANALYTICSdivisions, shared AVISEannuity ANALYTICSand life operations AVISEplatforms andANALYTICSa unified multi AVISE-channel ANALYTICSdistributionorganization AVISE ANALYTICSwith access to AVISEall AIG LifeANALYTICSand Retirement AVISEproducts ANALYTICS. AIG Life and AVISERetirement's operatingANALYTICSsegments AVISEare organizedANALYTICSinto Retail AVISE(69 ANALYTICS%) and Institutional AVISE(31 %ANALYTICS). Retail products AVISEare generallyANALYTICSmarketed AVISEdirectly to individualANALYTICSconsumers AVISEthrough ANALYTICSindependent AVISEand career ANALYTICSinsurance agents, AVISEretail ANALYTICSbanks, direct AVISE-to-consumer ANALYTICSplatforms, AVISEand national, regionalANALYTICSand independent AVISE ANALYTICSbroker-dealers AVISE. Institutional ANALYTICSproducts areAVISEgenerally ANALYTICSmarketed AVISEto groups ANALYTICSor large institutions AVISEthrough affiliated financial advisors or intermediaries including benefit consultants, independent marketing organizations, structured settlementANALYTICSbrokers AVISEand broker ANALYTICS-dealers. AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE OtherANALYTICSOperations AVISE(1%) – OtherANALYTICSOperations AVISEincludes ANALYTICS: •Mortgage Guaranty (U nited Guaranty Corporation or UGC), Global Capital Markets (GCM), Direct Investment book (DIB), RetainedInterests, Corporate & Other, Aircraft Leasing American International Group Inc

Bond Analysis AIG Parent’s Capital Structure mix AIG is gradually improving its overall profitability driven by 250.0 selling off non-core assets, growing focus towards core 191.8 business developments, offering expanded and more 200.0 180.2 30.8 26.6 147.2 142.8 145.2 balanced product at AIG Life& Retirement segment, cutting 150.0 27.4 24.7 2.1 2.6 3.7 20.9 17.9 11.2 credit losses at Mortgage Guaranty, and lowering financial 21.3 48.3 23.9 25.5 21.2 leverage. Its financial leverage (debt/equity ratio) at the 100.0 parent improved from 1.25x in FY10 to 0.41x in FY13 and $ in Billion 50.0 105.0 98.7 101.1 109.0 further to 0.33x at the end of September 30, 2014. Backed 85.3 by continuousimprovement in its capital position and debt 0.0 servicing abilities, AIG is demonstrating improving credit FY10 FY11 FY12 FY13 As on Sept profile. It has successfully brought down its total debt from 30, 2014 the levels of $106.5 bn in FY10 to $41.7 bn at the end of Debt not guaranteed by AIG FYAVISE13 and ANALYTICSfurther to $36 AVISE.2 bn atANALYTICStheend of 9 MAVISE14. ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE AIGANALYTICSissued debt AVISEtotaling ANALYTICS$2.25 bn duringAVISEFY ANALYTICS14 year till date,AVISEwhich ANALYTICSincludes $AVISE750 million ANALYTICSaggregate AVISEprincipal amountANALYTICSof 4.500 AVISE% Notes ANALYTICSdue 2044 AVISEissued ANALYTICSin Oc t ’15. The AVISECompany ANALYTICSreduced debt AVISEduring ANALYTICS9M14 as AVISEa result of maturities,ANALYTICSrepayments AVISE ANALYTICSand repurchases AVISEof $ 10ANALYTICS.4 bn (FY13 :AVISE$9.7 bn ANALYTICS), including$5 AVISE.0 bn related ANALYTICSto DIB redemptions AVISE andANALYTICSrepurchases AVISE. It also ANALYTICSrepurchased AVISE$2.0 ANALYTICSbn aggregate AVISEprincipal ANALYTICSamount of AVISEdebt since ANALYTICSSept’14 and AVISEfurther reducedANALYTICSDIB debt AVISEduring ANALYTICSOct’14 through AVISEa redemption ANALYTICSof $AVISE2.0 bn ANALYTICSaggregate principal AVISEamount ANALYTICSof its 8 .AVISE25% Notes dueANALYTICS2018. AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE During Feb’14, Fitch Ratings upgraded AIG's Issuer Default Rating (IDR) to 'A-' from 'BBB+'. The ratings on AIG's ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE senior debt obligations were upgraded to 'BBB+' from 'BBB'. Fitch's total financial commitment (TFC) ratio ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE improved, to 1.1x at the end of FY13 from 2.5x in FY10 while the sale of aircraft leasing subsidiary International ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE Lease Finance Corporation (ILFC) to AerCap Holdings N.V further expected to reduce TFC to a pro forma level of ~ANALYTICS0.7x. In Aug’14 AVISE, Fitch ANALYTICSaffirmed theratings AVISEof ANALYTICSAIG and itsinsurance AVISE ANALYTICSoperating subsidiaries AVISE ANALYTICSwith a ‘Stable AVISEOutlook’ . ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE Its latest issuance of $750 mn 4.5% senior notes due 2044 issued during Oct’14 was assigned 'BBB+' by Fi tch ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE Ratings agency. The Company continue to report improving and more consistent earnings within its ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE Property/Casualty and Life and Retirement operating segments which explains its average earnings-based interest ANALYTICS AVISE ANALYTICS AVISE ANALYTICS coverageexceeding 10.0x.

AIG Parent’s improving Credit Risk profile As on Sept 30, PARTICULARS FY11 FY12 FY13 AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS2014 AVISE ANALYTICS AVISE ANALYTICS AVISEDebt/Assets ANALYTICS AVISE0.14 ANALYTICS0.09 AVISE ANALYTICS0.08 AVISE0.07 ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE Debt/Equity 0.72 0.49 0.41 0.33 ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISEEBITDA/Interest ANALYTICS AVISE4.15 ANALYTICS6.40 AVISE ANALYTICS7.73 AVISE7.40 ANALYTICS AVISE ANALYTICS AVISEOperating ANALYTICSCashflows/Total AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE 0.00 0.08 0.09 0.12 ANALYTICS AVISEDebt ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICSFor twelvemonths AVISEending ANALYTICSon Sep’15 AVISE, theCompany ANALYTICShas debt AVISErepayment ANALYTICSliabilities AVISEtotaling ANALYTICS$5.4 bn. This AVISEcompares ANALYTICSwith AIG Parent’s AVISEstrong ANALYTICSliquidity AVISEposition ANALYTICSthat includes AVISE$12 .ANALYTICS6 bn of cash AVISE& short ANALYTICS-term investments AVISE and ANALYTICSunencumbered AVISEfixed ANALYTICSmaturity securities AVISEat theANALYTICSend of 9M 14AVISEand $ANALYTICS4.5bn of available AVISEcapacity ANALYTICSfrom credit AVISEfacilities . ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE AIG Parent’s Debt Repayment Schedule ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICSPeriod (Year) AVISE2015 - 2020 ANALYTICS2021 - 2030 AVISE2031 ANALYTICS- 2040 2041 - 2050 2051 - 2060 2061 - 2070 2071 - 2080 2081 - 2090

Debt Repayable 20.55 3.54 2.76 2.45 0.03 9.32 - 0.50 Amount ($ in B)

3 American International Group Inc

Balance Sheet PARTICULARS ($ in M) FY11 FY12 FY13 FY14e FY15e FY16e FY17e FY18e FY19e FY20e FY21e Assets Investments: Fixed Maturity Securities: Bonds available for sale, at fair value 263,981.0 269,959.0 258,274.0 258,085.4 265,459.9 269,182.4 274,938.0 278,954.8 282,361.7 285,623.2 289,063.6 Other bond securities, at fair value 24,364.0 24,584.0 22,623.0 22,849.2 23,728.8 24,002.0 24,516.9 24,869.0 25,182.2 25,469.0 25,775.9 Equity Securities: Common and pref stk available for sale, (FV) 3,624.0 3,212.0 3,656.0 3,852.0 3,706.8 3,832.0 3,914.7 3,978.3 4,020.6 4,064.1 4,117.4 Oth common and pref stk, at fair value 125.0 662.0 834.0 1,144.6 865.0 950.1 991.5 1,003.0 1,002.8 1,020.6 1,033.3 Mortgage & oth. loans receiv, net of allowc 19,489.0 19,482.0 20,765.0 20,701.3 20,747.8 21,213.5 21,788.0 22,035.0 22,291.6 22,566.0 22,838.8 Flight equip primarily under operating leases, 35,539.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other invested assets, at fair value 40,744.0 29,117.0 28,659.0 28,010.8 29,036.5 29,493.0 30,165.9 30,542.0 30,936.0 31,296.0 31,671.6 ShortAVISE-term investments, ANALYTICS at fair value AVISE ANALYTICS22,572.0 28,808.0 AVISE21,617.0 ANALYTICS21,966.8 22,057.8 AVISE22,589.8 ANALYTICS23,120.8 23,416.0 AVISE23,689.5 ANALYTICS23,978.8 24,266.4 AVISE Total ANALYTICS Inve stme nts AVISE ANALYTICS410,438.0 AVISE375,824.0 ANALYTICS356,428.0 356,610.0 AVISE365,602.7 ANALYTICS371,262.8 379,435.8 AVISE384,798.0 ANALYTICS389,484.5 394,017.7 AVISE398,766.9 Cash and cash ANALYTICS equivalents AVISE ANALYTICS1,474.0 AVISE1,151.0 ANALYTICS2,241.0 3,152.3 AVISE2,534.0 ANALYTICS2,610.6 2,431.5 AVISE3,102.8 ANALYTICS3,244.9 3,785.2 AVISE 3,887.4 Restricted ANALYTICS cash AVISE ANALYTICS2,988.0 AVISE1,878.0 ANALYTICS865.0 873.7 AVISE885.9 ANALYTICS904.5 925.3AVISE 937.3ANALYTICS948.6 AVISE959.9 971.5 Accrued ANALYTICS investment income AVISE ANALYTICS3,108.0 AVISE3,054.0 ANALYTICS2,905.0 2,906.5 AVISE2,979.8 ANALYTICS3,025.9 3,092.5 AVISE3,136.2 ANALYTICS3,174.4 3,211.4 AVISE 3,250.1 Premiums and other receivables, net of 14,721.0 13,989.0 12,939.0 13,068.4 13,251.3 13,529.6 13,840.8 14,020.7 14,189.0 14,359.3 14,531.6 allowanceANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE Reinsurance ANALYTICS assets, net AVISE of allowance ANALYTICS27,211.0 AVISE25,595.0 ANALYTICS23,829.0 23,829.0 AVISE23,470.2 ANALYTICS22,924.6 23,332.0 AVISE23,724.8 ANALYTICS23,955.2 24,175.4 AVISE24,401.2 Deferred ANALYTICS income taxes AVISE ANALYTICS19,615.0 AVISE17,466.0 ANALYTICS21,925.0 21,925.0 AVISE21,925.0 ANALYTICS21,925.0 21,925.0 AVISE21,925.0 ANALYTICS21,925.0 21,925.0 AVISE21,925.0 Deferred ANALYTICS policy acquisition costs AVISE ANALYTICS8,937.0 AVISE8,182.0 ANALYTICS9,436.0 9,515.5 AVISE9,257.2 ANALYTICS9,420.5 9,699.2 AVISE9,899.5 ANALYTICS10,013.3 10,141.0 AVISE10,265.1 Derivative ANALYTICS assets, at fair AVISE value ANALYTICS4,499.0 AVISE3,671.0 ANALYTICS1,665.0 1,610.6 AVISE1,721.7 ANALYTICS1,922.4 1,845.4 AVISE1,882.5 ANALYTICS1,917.2 1,941.4 AVISE 1,958.9 Other ANALYTICS Assets, at fair value AVISE ANALYTICS8,675.0 AVISE8,521.0 ANALYTICS8,501.0 8,470.9 AVISE8,675.9 ANALYTICS8,812.7 9,028.4 AVISE9,142.8 ANALYTICS9,255.1 9,364.1 AVISE 9,477.2 Separate ANALYTICS account assets, AVISE at fair value ANALYTICS51,388.0 AVISE57,337.0 ANALYTICS71,059.0 74,282.5 AVISE75,468.4 ANALYTICS75,888.7 78,037.1 AVISE79,153.3 ANALYTICS80,039.5 80,965.6 AVISE81,967.1 Assets ANALYTICS held for sale AVISE ANALYTICS0.0 AVISE31,965.0 ANALYTICS29,536.0 26,878.3 AVISE24,985.3 ANALYTICS25,942.1 25,235.3 AVISE25,068.8 ANALYTICS25,320.8 25,941.5 AVISE27,570.0 Total ANALYTICS Asse ts AVISE ANALYTICS553,054.0 AVISE548,633.0 ANALYTICS541,329.0 543,122.7 AVISE550,757.4 ANALYTICS558,169.6 568,828.2 AVISE576,791.7 ANALYTICS583,467.5 590,787.5 AVISE598,971.9 Liabilities and ANALYTICS Shareholders' AVISE (Deficit) ANALYTICS Equity AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE Liabilities:ANALYTICS AVISE ANALYTICS AVISE ANALYTICS Liability for unpaid claims and claims adj Exp 91,145.0 87,991.0 81,547.0 77,241.6 78,581.9 79,426.1 81,562.7 80,939.4 78,997.4 77,376.3 76,280.6 Unearned Premiums 23,465.0 22,537.0 21,953.0 20,931.6 21,240.8 21,676.0 22,137.6 22,296.0 22,499.7 22,718.0 22,928.8 Future policy benefits for LAH insurance 34,317.0 40,523.0 40,653.0 40,991.7 41,519.9 42,283.4 43,344.0 43,892.4 44,412.5 44,945.0 45,488.2 Policyholder contract AVISE ANALYTICS deposits (at AVISE fair value) ANALYTICS126,898.0 122,980.0 AVISE122,016.0 ANALYTICS121,316.0 120,616.0 AVISE119,916.0 ANALYTICS119,216.0 118,516.0 AVISE117,816.0 ANALYTICS117,116.0 116,416.0 AVISE Other ANALYTICS policyholder funds AVISE ANALYTICS6,691.0 AVISE6,267.0 ANALYTICS5,083.0 4,783.0 AVISE4,483.0 ANALYTICS4,183.0 3,883.0 AVISE 3,583.0ANALYTICS3,283.0 AVISE2,983.0 2,683.0 Derivative ANALYTICS liabilities, at fair AVISE value ANALYTICS4,733.0 AVISE4,061.0 ANALYTICS2,511.0 2,429.0 AVISE2,596.5 ANALYTICS2,899.2 2,783.1 AVISE 2,839.1ANALYTICS2,891.3 AVISE2,927.8 2,954.2 Other ANALYTICS liabilities AVISE ANALYTICS28,248.0 AVISE32,068.0 ANALYTICS29,155.0 30,195.2 AVISE30,549.7 ANALYTICS31,096.9 31,872.3 AVISE32,272.4 ANALYTICS32,656.6 33,052.5AVISE 33,447.6 LongANALYTICS-term Debt AVISE ANALYTICS75,253.0 AVISE48,500.0 ANALYTICS41,693.0 35,693.0 AVISE32,693.0 ANALYTICS29,693.0 26,693.0 AVISE23,693.0 ANALYTICS20,693.0 17,693.0AVISE 14,693.0 Separate ANALYTICS account liabilities AVISE ANALYTICS51,388.0 AVISE57,337.0 ANALYTICS71,059.0 74,282.5 AVISE75,468.4 ANALYTICS75,888.7 78,037.1 AVISE79,153.3 ANALYTICS80,039.5 80,965.6AVISE 81,967.1 Liabilities held for ANALYTICS sale AVISE ANALYTICS 0.0AVISE27,366.0 ANALYTICS24,548.0 24,548.0 AVISE24,548.0 ANALYTICS24,548.0 24,548.0 AVISE24,548.0 ANALYTICS24,548.0 24,548.0AVISE 24,548.0 Total ANALYTICS Liabilitie s AVISE ANALYTICS442,138.0 AVISE449,630.0 ANALYTICS440,218.0 432,411.6 AVISE432,297.2 ANALYTICS431,610.3 434,076.7 AVISE431,732.6 ANALYTICS427,837.1 424,325.1 AVISE421,406.5 Redeemable ANALYTICSnoncontrolling AVISEinterests ANALYTICS8,523.0 AVISE334.0 ANALYTICS30.0 AVISE37.8 ANALYTICS45.3 53.1 AVISE61.4 ANALYTICS69.9 78.6 AVISE87.5 96.6 Shareholders' ANALYTICS equity AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE Common stock, $2.50 par value; ANALYTICS AVISE ANALYTICS4,766.0 AVISE4,766.0 ANALYTICS4,766.0 4,766.0 AVISE4,766.0 ANALYTICS4,766.0 4,766.0 AVISE 4,766.0ANALYTICS4,766.0 AVISE4,766.0 4,766.0 Treasury ANALYTICS stock, at cost AVISE ANALYTICS-942.0 AVISE-13,924.0 ANALYTICS-14,520.0 -14,520.0 AVISE-16,020.0 ANALYTICS-17,520.0 -19,020.0 AVISE-19,020.0 ANALYTICS-19,020.0 - 19,020.0AVISE- 19,020.0 Additional paidANALYTICS-in capital AVISE ANALYTICS80,459.0 AVISE80,410.0 ANALYTICS80,899.0 80,899.0 AVISE80,899.0 ANALYTICS80,899.0 80,899.0 AVISE80,899.0 ANALYTICS80,899.0 80,899.0AVISE 80,899.0 Retained/(Deficit) ANALYTICS Earnings AVISE ANALYTICS10,774.0 AVISE14,176.0 ANALYTICS22,965.0 32,557.3 AVISE41,798.9 ANALYTICS51,390.2 61,074.1 AVISE71,373.3 ANALYTICS81,935.8 92,758.9AVISE103,852.7 Accumulated ANALYTICS other comprehensive AVISE ANALYTICS income 6,481.0 AVISE12,574.0 ANALYTICS6,360.0 6,360.0 AVISE6,360.0 ANALYTICS6,360.0 6,360.0 AVISE 6,360.0ANALYTICS6,360.0 AVISE6,360.0 6,360.0 Total ANALYTICS shareholders’ (deficit)/equity AVISE ANALYTICS101,538.0 AVISE98,002.0 ANALYTICS100,470.0 110,062.3 117,803.9 125,895.2 134,079.1 144,378.3 154,940.8 165,763.9 176,857.7 Non Non-re de e mable noncontrolling 855.0 667.0 611.0 611.0 611.0 611.0 611.0 611.0 611.0 611.0 611.0 interests Total Equity 102,393.0 98,669.0 101,081.0 110,673.3 118,414.9 126,506.2 134,690.1 144,989.3 155,551.8 166,374.9 177,468.7 Total liabilities and shareholders’ equity 553,054.0 548,633.0 541,329.0 543,122.7 550,757.4 558,169.6 568,828.2 576,791.7 583,467.5 590,787.5 598,971.9 American International Group Inc

Peer Company Comparison

Hartford American Trave le rs Berkshire American HCC Financial Allstate Progressive PARTICULARS Rank Internationa Companies Hathaway Chubb Corp ACE Ltd. Financial Insurance Services Corp Corp l Group Inc Inc Inc Group Inc Holdings Inc Group Inc

Currency USD USD USD USD USD USD USD USD USD USD Reuter Ticker Symbol AIG.N TRV.N BRKa.N CB.N HGH.N ACE.N ALL.N PGR.N AFG.N HCC.N Share Price (12/05/2014) 55.3 105.2 225640.0 103.8 30.0 116.1 68.7 27.3 61.5 53.6 %shareholdings by top 10 8 28.0% 33.1% 12.2% 33.9% 34.6% 44.4% 27.5% 40.3% 29.9% 39.7% Institutional shareholders KEY INFORMATION Revenue AVISE (B in USD) ANALYTICS (TTM) AVISE2 69.7 ANALYTICS27.1 AVISE193.5 ANALYTICS14.1 20.0 AVISE ANALYTICS19.6 35.5 AVISE18.8 ANALYTICS5.6 2.6 AVISE Net income (B in USD) (TTM)ANALYTICS AVISE ANALYTICS2 9.0 AVISE3.6 ANALYTICS20.7 2.1 AVISE 1.4 ANALYTICS3.3 AVISE2.8 ANALYTICS1.2 0.5 AVISE0.5 Market cap (B in USD) 2 77.2 34.8 369.9 24.4 17.8 38.5 28.7 16.0 5.4 5.2 ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE VALUATION RATIOS (x) Price/Earnings ANALYTICS (TTM) AVISE ANALYTICS1 9.0 AVISE10.2 ANALYTICS17.9 12.1 AVISE14.4 ANALYTICS12.0 AVISE11.1 ANALYTICS13.4 11.6 AVISE11.6 Price/Book ANALYTICS Value (MRQ) AVISE ANALYTICS1 0.7 AVISE1.4 ANALYTICS1.6 1.5 AVISE 1.0 ANALYTICS1.3 AVISE1.4 ANALYTICS2.3 1.1 AVISE 1.4 Price/Cash ANALYTICS flow (TTM) AVISE ANALYTICS1 5.8 AVISE7.7 ANALYTICS13.6 11.3 AVISE11.5 ANALYTICS11.3 AVISE9.1 ANALYTICS12.3 9.4 AVISE10.8 Price/Sales ANALYTICS (TTM) AVISE ANALYTICS5 1.1 AVISE1.3 ANALYTICS1.9 1.7 AVISE 0.9 ANALYTICS2.0 AVISE0.8 ANALYTICS0.9 1.0 AVISE 2.0 BetaANALYTICS AVISE ANALYTICS9 1.8 AVISE0.9 ANALYTICS0.4 0.6 AVISE 2.0 ANALYTICS0.8 AVISE1.0 ANALYTICS0.8 0.8 AVISE 0.6 EFFICIENCY ANALYTICS (x) AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE Asset ANALYTICS Turnover (TTM) AVISE ANALYTICS8 0.1 AVISE0.3 ANALYTICS0.4 0.3 AVISE 0.1 ANALYTICS0.2 AVISE0.3 ANALYTICS0.7 0.1 AVISE 0.2 MANAGEMENT ANALYTICS EFFECTIVENESS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE (%) ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE Return ANALYTICS on Assets (TTM) AVISE ANALYTICS8 1.7% AVISE3.5% ANALYTICS4.3% 4.1% AVISE0.5% ANALYTICS3.4% AVISE2.5% ANALYTICS4.8% 1.0% AVISE4.3% PROFITABILITY (%) EBITD ANALYTICS margin (TTM) AVISE ANALYTICS5 33.0% AVISE37.4% ANALYTICS20.8% 38.9% AVISE20.3% ANALYTICS36.0% AVISE26.8% ANALYTICS18.5% 18.9% AVISE37.9% EBITD ANALYTICS Margin 5-Year Average AVISE ANALYTICS2 36.9% AVISE34.4% ANALYTICS18.5% 39.0% AVISE18.1% ANALYTICS36.8% AVISE23.4% ANALYTICS19.5% 24.2% AVISE33.9% Operating ANALYTICS margin (TTM) AVISE ANALYTICS5 16.7% AVISE19.8% ANALYTICS15.3% 20.5% 10.3% 19.9% 11.9% 10.1% 13.5% 26.0% Operating Margin 5-Year Average 7 12.5% 16.0% 13.2% 19.8% 2.1% 20.0% 5.9% 10.3% 15.6% 21.6% Net profit margin (TTM) 5 12.7% 13.4% 10.9% 15.0% 6.8% 16.9% 8.0% 6.4% 8.0% 17.6% Net Profit Margin 5-Year Average 7 8.8% 11.3% 9.1% 14.7% 1.3% 15.9% 4.2% 6.5% 9.1% 14.5% FINANCIAL STRENGTH (x) Interest AVISE Coverage ANALYTICS Ratio (TTM) AVISE9 ANALYTICS7.4 22.3 AVISE11.3 ANALYTICS- AVISE13.2 ANALYTICS42.7 22.5 AVISE26.3 ANALYTICS10.5 33.0 AVISE LT ANALYTICS Debt to Equity (MRQ) AVISE ANALYTICS10 0.3 AVISE0.3 ANALYTICS0.3 0.2 AVISE ANALYTICS0.3 0.1 AVISE0.2 ANALYTICS0.3 0.2 AVISE 0.2 Total ANALYTICS Debt to Equity (MRQ) AVISE ANALYTICS10 0.3 AVISE0.3 ANALYTICS0.3 0.2 AVISE ANALYTICS0.3 0.2 AVISE0.2 ANALYTICS0.3 0.2 AVISE 0.2 Total ANALYTICS Debt to Capital (MRQ)AVISE ANALYTICS10 0.2 AVISE0.2 ANALYTICS0.2 0.2 AVISE ANALYTICS0.2 0.2 AVISE0.2 ANALYTICS0.2 0.2 AVISE 0.2 GROWTH ANALYTICS RATES (%) AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE Revenue ANALYTICS (TTM) vs TTM AVISE 1 Yr. Ago ANALYTICS9 -4.2% AVISE1.8% ANALYTICS7.6% 2.3% AVISE(24.8%) ANALYTICS7.3% AVISE3.5% ANALYTICS6.4% 2.7% AVISE 0.4% Net Income (YoY ANALYTICS % change) AVISE ANALYTICS1 161.9% AVISE4.7% ANALYTICS31.4% 5.4% AVISE ANALYTICS- 38.9% AVISE(1.9%) ANALYTICS- (3.5%) AVISE 4.2% Capital Expenditure 5-Year ANALYTICS AVISE ANALYTICS- AVISE- ANALYTICS12.6% 2.5% AVISE ANALYTICS- - AVISE(6.6%) ANALYTICS7.4% 2.4% AVISE - Growth rate ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE Dividends (%) Dividend YieldANALYTICS AVISE ANALYTICS9 0.9% AVISE2.1% ANALYTICS- 1.9% AVISE 1.7%ANALYTICS2.2% AVISE1.6% ANALYTICS1.8% 1.6% AVISE 2.2% Dividend 5ANALYTICS-Year Growth AVISE rate ANALYTICS8 (52.6%) AVISE10.5% ANALYTICS- 5.9% AVISE(23.5%) ANALYTICS12.9% AVISE(9.4%) ANALYTICS- 29.3% AVISE 8.9% Payout Ratio ANALYTICS 5-Year Average AVISE ANALYTICS9 1.5% AVISE24.3% ANALYTICS- 23.1% AVISE 85.2%ANALYTICS19.9% AVISE30.9% ANALYTICS56.5% 19.3% AVISE19.2% RANKANALYTICS AVISE ANALYTICS6 AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS American International Group Inc

Valuation

Particulars FY14e FY15e FY16e AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE Diluted EPSANALYTICS AVISE ANALYTICS AVISE ANALYTICS7.27 AVISE7.16 ANALYTICS7.58 AVISE ANALYTICS AVISE BVPSANALYTICS AVISE ANALYTICS AVISE ANALYTICS79.06 AVISE86.26 ANALYTICS94.01 AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE Expected P/E 9 ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE Expected P/BANALYTICS AVISE ANALYTICS AVISE ANALYTICS0.7 AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE Target Price as per P/EANALYTICS AVISE ANALYTICS AVISE ANALYTICS65.45 AVISE64.46 ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE Target Price as per P/BANALYTICS AVISE ANALYTICS AVISE ANALYTICS55.34 AVISE60.38 ANALYTICS AVISE ANALYTICS AVISE Average Target PriceANALYTICS AVISE ANALYTICS AVISE ANALYTICS60.39 AVISE62.42 ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE Current PriceANALYTICS AVISE ANALYTICS AVISE$55.33 ANALYTICS Target Price $62.42 achievable in 18 months

AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS American International Group Inc

Technical Analysis

Volume Closing Price Upper Band Middle Band Lower Band EMA(200) Linear (Closing Price)

70.00 400.0

360.0

320.0 55.00 280.0

240.0

40.00 200.0

Price in $ 160.0 oue n Million in Volume 120.0 25.00 80.0

40.0

AVISE10.00 ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS0.0 AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS2011 AVISE2012 ANALYTICS2012 2012 AVISE2012 ANALYTICS2013 2013 AVISE2013 ANALYTICS2013 2014 AVISE2014 ANALYTICS2014 2014 AVISE

ANALYTICS2.00 AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS1.50 AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS1.00 AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE 0.50 ANALYTICS0.00 AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS-0.50 AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS-1.00 AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE -1.50 MACD Histogram (12,26,9) MACD (12,26) Signal Line = 9 days EMA ANALYTICS-2.00 AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE MOVING AVERAGES ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE EMA(20) EMA(50) EMA(100) EMA(200) Summary ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE 54.44 53.89 53.66 52.70 ANALYTICS AVISE ANALYTICS AVISE ANALYTICS BUY BUY BUY BUY BUY MOMENTUM OSCILLATORS & INDICATORS RSI (14) %K Stoch William %R (14) MACD (12,26,9) Summary 70.03 72.31 -24.43 0.51 BUY AVISEOVERBOUGHT ANALYTICSNEUTRAL AVISE ANALYTICSNEUTRAL AVISE ANALYTICSBUY AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICSVOLATILITY AVISE ANALYTICS AVISE ANALYTICS AVISEVOLUME ANALYSIS ANALYTICS AVISE ANALYTICS AVISE ANALYTICSATR (14) AVISE ANALYTICSSummary AVISE ANALYTICS AVISECurrent (12/05/2014)ANALYTICS AVISE ANALYTICS 6,499,700 AVISE 14-days Average 6,595,121 ANALYTICS0.01 AVISE ANALYTICSLess Volatile AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE30-days Average ANALYTICS AVISE ANALYTICS 7,352,910 AVISE ANALYTICSSHORT TERM (14 DAYS) PIVOT TABLE AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE S1ANALYTICS AVISES2 ANALYTICS AVISEPivot Point ANALYTICSR1 AVISE ANALYTICSR2 AVISE ANALYTICSClassic AVISE 52.74ANALYTICS AVISE54.04 ANALYTICS AVISE54.95 ANALYTICS56.25 AVISE ANALYTICS57.16 AVISE ANALYTICSFibonacci Levels AVISE 53.59ANALYTICS AVISE54.11 ANALYTICS AVISE54.95 ANALYTICS55.80 AVISE ANALYTICS56.32 AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS AVISE ANALYTICS

7