Exhibit 12

American International Group, Inc.

Computation of Ratios of Earnings to Fixed Charges

		Six Months				Three Months
		Ended June 30,				Ended June 30,
(in millions, except ratios)		2005		2004		2005		2004
Income before income taxes, minority interest and cumulative effect of an accounting change		$	11,238	$	7,912	$	5,795	$	3,973
Less – Equity income of less than 50% owned persons			66		106		27		56
Add – Dividends from less than 50% owned persons			126		10		123		7
			11,298		7,816		5,891		3,924
Add – Fixed charges			3,832		3,159		1,969		1,530
Less – Capitalized interest			30		27		15		13
Income before income taxes, minority interest, cumulative effect of an accounting change and fixed charges		$	15,100	$	10,948	$	7,845	$	5,441
Fixed charges:
	Interest costs	$	3,729	$	3,068	$	1,917	$	1,485
	Rental expense*		103		91		52		45
Total fixed charges		$	3,832	$	3,159	$	1,969	$	1,530
Ratio of earnings to fixed charges			3.94		3.47		3.98		3.56
Secondary Ratio
Interest credited to GIC and GIA policy and contract holders		$	2,425	$	2,018	$	1,198	$	925
Total fixed charges excluding interest credited to GIC and GIA policy and contract holders		$	1,407	$	1,141	$	771	$	605
Secondary ratio of earnings to fixed charges			9.01		7.82		8.62		7.46

* The proportion deemed representative of the interest factor.

The secondary ratio is disclosed for the convenience of fixed income investors and the rating agencies that serve them and is more comparable to the ratios disclosed by all issuers of fixed income securities. The secondary ratio removes interest credited to guaranteed investment contract (GIC) policyholders and guaranteed investment agreement (GIA) contractholders from total fixed charges. Such expenses are also removed from income before income taxes, minority interest, cumulative effect of an accounting change and fixed charges used in this calculation. GICs and GIAs are entered into by AIG’s insurance subsidiaries, principally SunAmerica Life Insurance Company and AIG Financial Products Corp. and its subsidiaries, respectively. The proceeds from GICs and GIAs are invested in a diversified portfolio of securities, primarily investment grade bonds. The assets acquired yield rates greater than the rates on the related policyholders obligation or agreement, with the intent of earning operating income from the spread.