How Big is AIG's Life Insurance Arm?

I must have been half asleep yesterday when I blogged my AIG datapoint of the day, since I utterly failed to notice that it failed to pass a simple smell test. (Proof of being half asleep: I also confused Hank Greenberg with Ace Greenberg.) Andrew Ross Sorkin wrote that "in the United States, A.I.G. has more than 375 million policies with a face value of $19 trillion" -- but that simply can't be true, since the entire population of the United States is only about 306 million, and AIG can't have written more than one life insurance policy per person.

In fact, as an anonymous commenter helpfully pointed out, the $19 trillion number is the total face value of all life insurance written in the US. AIG's numbers are far smaller, as we can see from its most recent annual report...

Portfolio: How Big is AIG's Life Insurance Arm?