SEGMENT INFORMATION

9 Months Ended

Sep. 30, 2012

SEGMENT INFORMATION

SEGMENT INFORMATION

3. SEGMENT INFORMATION

Commencing in the third quarter of 2012, the Chartis segment was renamed AIG Property Casualty and the SunAmerica segment was renamed AIG Life and Retirement, although certain existing brands will continue to be used.

AIG reports the results of its operations through three reportable segments: AIG Property Casualty, AIG Life and Retirement and Aircraft Leasing. AIG evaluates performance based on pre-tax income (loss), excluding results from discontinued operations, because AIG believes this provides more meaningful information on how its operations are performing.

Effective during the first quarter of 2012, in order to align financial reporting with the manner in which AIG's chief operating decision makers review the AIG Property Casualty businesses to assess performance and make decisions about resources to be allocated, certain products previously reported in Commercial Insurance were reclassified to Consumer Insurance. These revisions did not affect the total AIG Property Casualty reportable segment results previously reported.

The following table presents AIG's operations by reportable segment:

	Reportable Segment
											Consolidation and Eliminations
(in millions)	AIG Property Casualty		AIG Life and Retirement		Aircraft Leasing*			Other Operations						Consolidated
Three Months Ended September 30, 2012
Total revenues	$	10,149	$	4,530	$	1,146		$	2,213		$	(390	)	$	17,648
Pre-tax income (loss)		949		889		40			891			(174	)		2,595
Three Months Ended September 30, 2011
Total revenues	$	10,185	$	3,582	$	1,106		$	(2,433	)	$	279		$	12,719
Pre-tax income (loss)		551		346		(1,329	)		(3,945	)		107			(4,270	)
Nine Months Ended September 30, 2012
Total revenues	$	29,967	$	12,439	$	3,421		$	8,085		$	(698	)	$	53,214
Pre-tax income (loss)		2,820		2,528		246			3,511			(175	)		8,930
Nine Months Ended September 30, 2011
Total revenues	$	30,283	$	11,317	$	3,366		$	1,864		$	8		$	46,838
Pre-tax income (loss)		1,003		2,079		(1,122	)		(5,855	)		109			(3,786	)

*         AIG's Aircraft Leasing operations consist of a single operating segment.

The following table presents AIG Property Casualty operations by operating segment:

(in millions)	Commercial Insurance		Consumer Insurance			Other		Total AIG Property Casualty
Three Months Ended September 30, 2012
Total revenues	$	5,975	$	3,582		$	592	$	10,149
Pre-tax income		321		152			476		949
Three Months Ended September 30, 2011
Total revenues	$	6,402	$	3,523		$	260	$	10,185
Pre-tax income		405		21			125		551
Nine Months Ended September 30, 2012
Total revenues	$	17,991	$	10,758		$	1,218	$	29,967
Pre-tax income		1,480		578			762		2,820
Nine Months Ended September 30, 2011
Total revenues	$	18,905	$	10,439		$	939	$	30,283
Pre-tax income (loss)		650		(175	)		528		1,003

The following table presents AIG Life and Retirement operations by operating segment:

(in millions)	Life Insurance		Retirement Services			Total AIG Life and Retirement
Three Months Ended September 30, 2012
Total revenues	$	2,663	$	1,867		$	4,530
Pre-tax income		553		336			889
Three Months Ended September 30, 2011
Total revenues	$	2,134	$	1,448		$	3,582
Pre-tax income (loss)		472		(126	)		346
Nine Months Ended September 30, 2012
Total revenues	$	7,306	$	5,133		$	12,439
Pre-tax income		1,714		814			2,528
Nine Months Ended September 30, 2011
Total revenues	$	6,242	$	5,075		$	11,317
Pre-tax income		1,174		905			2,079

The following table presents the components of AIG's Other operations:

(in millions)	Mortgage Guaranty			Global Capital Markets			Direct Investment Book		Retained Interests			Corporate & Other			Consolidation and Eliminations			Total Other Operations
Three Months Ended September 30, 2012
Total revenues	$	218		$	235		$	506	$	857		$	412		$	(15	)	$	2,213
Pre-tax income (loss)		6			190			406		857			(566	)		(2	)		891
Three Months Ended September 30, 2011
Total revenues	$	246		$	(130	)	$	159	$	(3,246	)	$	561		$	(23	)	$	(2,433	)
Pre-tax income (loss)		(82	)		(187	)		103		(3,246	)		(523	)		(10	)		(3,945	)
Nine Months Ended September 30, 2012
Total revenues	$	642		$	405		$	1,434	$	4,717		$	925		$	(38	)	$	8,085
Pre-tax income (loss)		62			253			1,139		4,717			(2,659	)		(1	)		3,511
Nine Months Ended September 30, 2011
Total revenues	$	716		$	151		$	758	$	(743	)	$	1,030		$	(48	)	$	1,864
Pre-tax income (loss)		(68	)		(66	)		586		(743	)		(5,538	)		(26	)		(5,855	)