AIG Private Client Group is continuing to write new business.

In addition, here are a few more important facts to note:

• AIG Private Client Group, which operates as part of AIG Property Casualty Group, faces no such liquidity concerns.
  
  
• AIG Property Casualty Group has $32 billion in policyholder surplus, as well as invested assets of $98 billion. These assets are protected by law and cannot be taken from policyholders!
  
  
• As a point of reference, a leading AIG Private Client Group competitor has a policyholder surplus of $14 billion.
  
  
• AIG Property Casualty Group has the resources to pay policyholder claims and will continue to do so. On average, we are paying $82 million in claims each day.
  
  
• AIG Property Casualty Group was downgraded by A.M. Best yesterday. Even with this downgrade, our insurance companies carry a rating of “A” or “Excellent.” This rating compares favorably with most major companies.
  
  
• AIG Property Casualty Group results:
• AIG Commercial Insurance continues to exhibit strong financial performance with 2008 second quarter operating income of nearly $1 billion, net written premiums of $5.99 billion and a profitable combined ratio of 93.7%.
  
  
• AIG Private Client Group’s year-to-date results: $87.3 million in operating income; $520 million in net written premium; combined ratio of 81.4%.