The insurer financial strength rating on AIG Life Insurance Co. of Canada, a member of American International Group Inc. (AIG), is based on AIG's well-diversified business position, track record of excellent operating performance (notwithstanding the unprecedented World Trade Center losses and restructuring charges in 2001 as well as the nonlife loss reserve development in 2002 and 2003), and strong growth in capital. AIG, through its operating companies, is a well-diversified provider of global property/casualty (P/C) and life insurance that continues to position itself competitively to take advantage of changes in market conditions. The strong commercial insurance franchiseùfortified by steady rate improvement since Sept. 11, 2001ùand the personal lines business generated $35 billion in written nonlife premiums in 2003. Life operations
