American International Group, Inc. New · NYSE:AIG
American International Group, Inc. New — American International Group — Investor Presentation (March 2013)
15 slides from American International Group, Inc. New's investor presentation, Mar 18, 2013
Slide 1: AIG Property Casualty Asia Pacific
AIG Property Casualty Asia Pacific March 18th, 2013
Slide 2: Cautionary Statement Regarding Projections and Other Information About Future Events
Cautionary Statement Regarding Projections and Other Information About Future Events This document and the remarks made within this presentation may include, and officers and representatives of American International Group, Inc. (AIG) may from time to time make, projections, goals, assumptions and s
Slide 3: AIG Property Casualty | Business Overview
AIG Property Casualty | Business Overview AIG Property Casualty is a global P&C market leader with NPW of over $34bn in 2012 Segments Commercial Consumer • History – roots Other dating back 90 years NPW – $20.3BN NPW – $14.1BN Casualty Accident & Health • Truly Global – 42% of Commercial Insurance N
Slide 4: AIG Property Casualty | Asia Pacific Region
AIG Property Casualty | Asia Pacific Region Leading insurer in the Asia Pacific region with ~20,0001 employees across 16 jurisdictions Asia Pacific 10.4BN NPW 30% of AIG PC Americas Commercial 19% $17.6BN NPW 51% of AIG PC EMEA $6.4BN NPW 19% of AIG PC 1 Including agents. 4
Slide 5: AIG Property Casualty | Asia Pacific
AIG Property Casualty | Asia Pacific Large, diversified portfolio with NPW of $10.4BN in 2012 Segments Commercial Consumer • Regional presence – NPW – $2.0BN NPW – $8.4BN expanding, vibrant and Casualty Accident & Health under-insured regional economies offer opportunities for growth Property Person
Slide 6: Business Dimensions: Mature & Developing Markets
Business Dimensions: Mature & Developing Markets Strong and stable, positive market outlook expected for Asia Pacific region (2012 GDP, $ bn) Mature Markets (2012-2017 CAGR*) 7,000 8% $5,984 7.1% 7.2% 7% 6,000 6.7% 6% 5,000 5% 4,000 4.2% 2012 GDP ($ bn) 3.1% 4% 3.0% 3,000 2012 - 2017 CAGR 3% 2,000 2
Slide 7: Asia Pacific Distribution
Asia Pacific Distribution Diverse mix of business serviced through a variety of distribution channels Distribution by GPW Direct Marketing 15% Independent Global Broker Agency 12% 38% Case & Others 6% Life Alliance 3% Partner Career 17% 9% 7
Slide 8: Business Dimensions: Competitive Landscape
Business Dimensions: Competitive Landscape Japan Singapore Korea Australia Hong Kong China AIG Mkt position 4 1 12 10 3 13 AIG % Share 8.1% 14.4% 0.8% 1.5% 4.9% 2.8% Top 5 Mkt Share 93% 42% 79% 69% 27% 60% Territory Territory Major Major Competitors Market Participants Tokio Marine AXA AXA Chubb AXA
Slide 9: Asia Pacific | Strategic Focus
Asia Pacific | Strategic Focus Business Underwriting Claims Operational Capital Mix Excellence Service Effectiveness Management • Rationalize/price for • Continue to equip • Maintain focus on • Simplify and • Monitor and right-size capital intensive underwriters with Global Claims standardize legacy
Slide 10: AIG Property Casualty | Japan overview
AIG Property Casualty | Japan overview 4th largest insurer in the country with NPW of $8.0BN in 2012 Segments Commercial Consumer • History – 1st and largest NPW – $1BN NPW – $7.0BN foreign non-life insurance group in Japan which started business in 1946 Casualty Accident & Health • Recognition – 1s
Slide 11: Japanese Insurance Market
Japanese Insurance Market The low penetration and density in the market provides numerous opportunities for selected growth and innovation • 3rd largest non-life and 2nd largest life (US $503BN) market in the world* • Low penetration and density compared to leading Western markets • Corporate Japan
Slide 12: Japanese Market Consolidation
Japanese Market Consolidation Industry consolidation over the past ten years has resulted in three mega-insurance groups accounting for ~85% of the market as of 2010 FY99, ending March 2000 FY10, ending March 2011 Company Rank DRP1 (USD MM) Share Company / Group Rank DRP1,2 (USD MM) Share Mitsui 3 8
Slide 13: History of AIG Japan
History of AIG Japan AIG has a long history of growth in Japan supported by both organic expansion and acquisition 2000 2010 AIG makes AIG sells initial equity ALICO 1960 investment in 1918 American Home Fuji F&M 2011 Fuji Fire & Marine Assurance (AHA) begins 1987 2003 AIG Property established opera
Slide 14: Market Conditions Surrounding Japan & Industry
Market Conditions Surrounding Japan & Industry Drastic changes of market conditions: o Early 1980’s 1$ ＝ 250 ¥ ~ 200 ¥ → Hit a historical high of 1$ = 75 ¥ (as October 26, 2011) Sharpen the competitive advantage in Travel (A&H) to take advantages of strong Yen o % Aging rate in 1980 was 9.1％ → Incre
Slide 15: American International Group, Inc. (AIG) boilerplate
American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of
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