Businessweek

urance Company, The Variable Annuity Life Insurance Company, and The United States Life Insurance Company in the city of New York. This segment has two operating segments, Life Insurance and Retirement Services. Life Insurance Life Insurance's products include a line of life insurance, deferred and payout annuities, A&H products, worksite, and group benefits. The Life Insurance operating segment offers a range of protection and mortality-based products. These products are marketed under four principal brands, such as American General, AGLA, AIG Direct, and AIG Benefit Solutions. Life Insurance and A&H: Primary products include term life insurance, universal life insurance, and A&H products. Life insurance and A&H products are distributed through independent marketing organizations and independent insurance agents under the American General brand. Career agents distribute Life Insurance and A&H products under the AGLA brand. AIG Direct is a proprietary direct-to-consumer distributor of term life insurance and A&H products. Institutional: Products primarily include structured settlement and terminal funding annuities, fixed payout annuities, private placement variable annuities and variable life insurance, corporate-owned life insurance, bank-owned life insurance, and stable value wrap products. These products are marketed under the American General brand through independent marketing organizations and structured settlement brokers. Group Benefits: In 2012, AIG Life and Retirement and AIG Property Casualty combined their U.S. group benefits businesses and operate as AIG Benefits Solutions. This business would market a range of insurance and benefits products for employees (both employer paid and voluntary) and affinity groups. Primary product offerings include life insurance, accidental death, business travel accident, disability income, medical excess (stop loss), dental, vision and worksite universal life, critical illness, and accident. Retirement Services The Retirement Services operating segment provides investment, retirement, and income solutions products and services. These products and services are marketed through various brands. Group Retirement: Products are marketed under the Variable Annuity Life Insurance Company (VALIC) brand and include fixed and variable group annuities, group mutual funds, and group administrative and compliance services. VALIC career financial advisors and independent financial advisors provide retirement plan participants with enrollment support and financial planning services. Fixed Annuities: Products are primarily marketed under the Western National brand and include single and flexible premium deferred fixed annuities. Western National maintains its position in the bank distribution channel by designing products in cooperation with banks and offering an administration platform. Variable Annuities: Products are marketed under the SunAmerica Retirement Markets brand and are designed to provide customers with retirement income. Customers might choose among a range of variable annuities offering various investment options and product features, including stock and fixed income portfolios, guaranteed death benefits, and various guaranteed retirement income solutions. Variable annuity products are distributed through banks and national, regional, and independent broker-dealer firms. Brokerage Services: Includes the operations of Advisor Group, a network of independent financial advisor in the U.S. Brands include Royal Alliance, SagePoint, FSC Securities, and Woodbury Financial. Retail Mutual Funds: Includes the mutual fund and related administration and servicing operations of SunAmerica Asset Management Corp. Distribution Network This segment’s distribution networks include affiliated, such as VALIC career financial advisors, AGLA career agents, independent financial advisors, and direct-to-consumer; and nonaffiliated, such as banks, independent marketing organizations, broker dealers, and benefit brokers, including consultants, brokers, third party administrators, and general agents. Business Strategy The company’s business strategy is to i