| In line with the substantial results posted over the past eight years, Unibanco
AIG Seguros e Previdência grew faster than competition, closing 2004 with
an 8% market share in insurance, extended warranties and pensions. Unibanco AIG
Seguros e Previdência, a joint-venture with the American International Group,
has consistently secured outstanding results. The company has a particularly diversified
distribution network and a business model fully centered on individual and corporate
clients needs.
Unibanco AIG grew 28.2% between 2000 and 2004, while the insurance and pensions
industry average growth was 15.9%, according to Susep (Superintendência de
Seguros Privados). Consolidated revenues from insurance, extended warranties
and private pension plans totaled R$4,253 million in 2004, from R$3,477 million
in the previous year. The private pension business at Unibanco AIG grew 23.5%
in 2004, according to Anapp (Associação Nacional de Previdência Privada).
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