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The company had an eventful year, with change at the top of its management team, with Peter Hancock taking over as the CEO and President in the third quarter. AIG's revenues during the first nine months of 2014 declined by close to 5% compared to the same period in 2013, while net income declined by around 4% year-over-year during the first three quarters of 2014. Poor numbers in the life and retirement division had a significant impact on the company's overall performance.
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