Years Ended December 31, (in millions, except ratios)		2011			2010		2009			2008			2007



Earnings:
	Pre-tax income (loss)^(a):	$	(3,000	)	$	17,936	$	(13,990	)	$	(103,056	)	$	4,697
	Add – Fixed charges		4,644			8,811		16,592			20,456			11,470

	Adjusted Pre-tax income (loss)		1,644			26,747		2,602			(82,600	)		16,167

Fixed charges:
	Interest expense	$	3,576		$	7,613	$	15,136		$	17,665		$	4,553
	Portion of rent expense representing interest		161			196		244			299			257
	Interest credited to policy and contract holders		907			1,002		1,212			2,492			6,660

Total fixed charges		$	4,644		$	8,811	$	16,592		$	20,456		$	11,470

	Preferred stock dividend requirements	$	-		$	-	$	1,204		$	400		$	-
Total fixed charges and preferred stock dividend requirements		$	4,644		$	8,811	$	17,796		$	20,856		$	11,470
Total fixed charges, excluding interest credited to policy and contract holders		$	3,737		$	7,809	$	15,380		$	17,964		$	4,810

Ratio of earnings to fixed charges:
	Ratio		n/a			3.04		n/a			n/a			1.41
	Coverage deficiency	$	(3,000	)		n/a	$	(13,990	)	$	(103,056	)		n/a

Ratio of earnings to fixed charges and preferred stock dividends:
	Ratio		n/a			3.04		n/a			n/a			1.41
	Coverage deficiency	$	(3,000	)		n/a	$	(15,194	)	$	(103,456	)		n/a

Ratio of earnings to fixed charges, excluding interest credited to policy and contract holders^(b):
	Ratio		n/a			3.43		n/a			n/a			3.36
	Coverage deficiency	$	(2,093	)		n/a	$	(12,778	)	$	(100,564	)		n/a

(a): From continuing operations, excluding undistributed earnings (loss) from equity method investments and capitalized interest.
(b): The Ratio of earnings to fixed charges excluding interest credited to policy and contract holders removes interest credited to guaranteed investment contract (GIC) policyholders and guaranteed investment agreement (GIA) contract holders. Such interest expenses are also removed from earnings used in this calculation. GICs and GIAs are entered into by AIG's subsidiaries. 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 contract, with the intent of earning a profit from the spread.