Exhibit 12

American International Group, Inc.

Computation of Ratios of Earnings to Fixed Charges

		Three Months						Six Months
		Ended June 30,						Ended June 30,
(in millions, except ratios)		2008			2007			2008			2007
Income (loss) before income taxes and minority interest		$	(8,756	)	$	6,328		$	(20,020	)	$	12,500
Less – Equity income of less than 50% owned persons			8			49			17			91
Add – Dividends from less than 50% owned persons			21			25			21			25
			(8,743	)		6,304			(20,016	)		12,434
Add – Fixed charges			2,901			2,442			5,093			5,114
Less – Capitalized interest			6			9			15			20
Income (loss) before income taxes, minority interest and fixed charges		$	(5,848	)	$	8,737		$	(14,938	)	$	17,528
Fixed charges:
	Interest costs	$	2,826		$	2,381		$	4,943		$	4,993
	Rental expense(a)		75			61			150			121
Total fixed charges		$	2,901		$	2,442		$	5,093		$	5,114
Ratio of earnings to fixed charges			(b	)		3.58			(b	)		3.43
Secondary Ratio
Interest credited to GIC and GIA policy and contract holders		$	(1,594	)	$	(1,268	)	$	(2,520	)	$	(2,847	)
Total fixed charges excluding interest credited to GIC and GIA policy and contract holders		$	1,307		$	1,174		$	2,573		$	2,267
Secondary ratio of earnings to fixed charges			(b	)		6.36			(b	)		6.48

(a)	The proportion considered representative of the interest factor.
(b)	Earnings were inadequate to cover total fixed charges by $8,749 million and $20,031 million for the three- and six-month periods ended June 30, 2008. The coverage deficiency for total fixed charges excluding interest credited to GIC and GIA policy and contract holders was $7,155 million and $17,511 million for the three- and six-month periods ended June 30, 2008.

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 maturity securities. The secondary ratio removes interest credited to guaranteed investment contract (GIC) policyholders and guaranteed investment agreement (GIA) contract holders. Such interest expenses are also removed from income (loss) before income taxes and minority interest 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.