Summary
This filing is an amendment to the 2011 Annual Report for AMERICAN INTERNATIONAL GROUP, INC. (AIG). The amendment primarily provides audited financial statements for AIA Group Limited, a subsidiary, for the year ended November 30, 2011. The core financial performance for AIG itself is not detailed within this specific amendment, as it focuses on supplementary subsidiary information. Investors should note that AIA Group reported a net profit of $1.608 billion for the year ended November 30, 2011, a decrease from $2.710 billion in the prior year. Revenue also declined to $14.388 billion from $18.394 billion in the previous year, reflecting a challenging period for the Asian market operations. The company's financial position showed total assets of $114.461 billion and total liabilities of $93.046 billion, resulting in total equity of $21.415 billion as of November 30, 2011. Key highlights from AIA Group's financial statements include a significant increase in deferred acquisition and origination costs to $12.818 billion, indicating substantial new business acquisition. The company's investment portfolio remains substantial, with debt securities and equity securities totaling $67.952 billion and $19.012 billion, respectively. The filing also details various risk management practices and sensitivities, including exposure to market and credit risks. The solvency ratios for AIA Co. and AIA-B were robust at 311% and 297% respectively, well above regulatory minimums.
Financial Highlights
33 data points| Revenue | $65.11B |
| SG&A Expenses | $8.46B |
| Operating Income | $17.36B |
| Interest Expense | $2.44B |
| Net Income | $20.62B |
| EPS (Basic) | $11.01 |
| EPS (Diluted) | $11.01 |
| Shares Outstanding (Basic) | 1.80B |
| Shares Outstanding (Diluted) | 1.80B |
Key Highlights
- 1AIA Group Limited reported a net profit of $1.608 billion for the year ended November 30, 2011, down from $2.710 billion in 2010.
- 2Total revenue for AIA Group decreased to $14.388 billion in 2011 from $18.394 billion in 2010.
- 3Deferred acquisition and origination costs increased to $12.818 billion as of November 30, 2011.
- 4The financial statements for AIA Group show total assets of $114.461 billion and total liabilities of $93.046 billion, with total equity of $21.415 billion as of November 30, 2011.
- 5AIG's common stock had an aggregate market value of approximately $12.986 billion as of January 31, 2012, based on shares held by non-affiliates.
- 6Solvency ratios for key subsidiaries AIA Co. and AIA-B remained strong, at 311% and 297% respectively, exceeding regulatory requirements.
- 7The filing indicates a proposed final dividend of 22 Hong Kong cents per share.