is at variance with its earlier statement to retain a continuing ownership interest in its foreign life insurance operations life insurance and retirement services business is the largest revenue generator for aig out of the total revenues of 110 billion in 2007 life insurance generated 536 billion and general insurance 517 billion asset management and other financial services are comparatively smaller business areas of aig globallyin 2007 aig generated 927 billion worth of aggregate business which includes premium deposits and other considerations from life insurance and retirement services businesses out of this 675 billion came from operations outside the us besides aia this also represents businesses from other units of aig spreading across europe latin america and japan