As the insurance industry is dramatically changing and developing, we at AIG have decided to take the initiative and be the leader in our own market. It is a tough assignment given the unsettled atmosphere around us. However, we are adamant to undertake the challenge and shoulder the responsibility of steering our industry into anticipated calmer waters.

Our direction is set and our priorities are defined.

AIG's new vision will transform our strategy and approach, allowing us to reach our set goals.

Although it is a new and innovative vision, it is already rooted deep in our traditional strength and expertise. Nevertheless, it will introduce profound changes in the way we approach businesses and clients, the services that we offer, how we deliver them, and how we work laterally in the market.

Key themes to our vision include:

• Leadership
• The definition of our relationship with the aspirations held and goals set
• The umbilical sharing of direction with our clients, employees, shareholders, and reinsures

This new vision is the most significant single challenge that AIG will be confronting in the upcoming few years.

The anticipated transformation will not happen overnight. It is a slow and gradual process. However, we are confident that significant progress and movement will be attained within these upcoming few years.

There are exciting opportunities to be utilized, and fulfilling these opportunities will put us in the most advantageous position in our market and at the forefront of our industry.

Our new vision is thus worth your fullest commitment and support.