23. Geographic Information

Three of the Company’s insurance subsidiaries (AII, AIU and AEL) operate outside the United States. Their assets and liabilities are located principally in the countries where the insurance risks are written or assumed. For both 2011 and 2010, 34% of the Company’s gross written premiums related to foreign risks, of which 37% were written from the United Kingdom. For 2009, 21% of the Company’s gross written premiums related to foreign risks, of which 47% were written from the United Kingdom. As of December 31, 2011 and 2010, approximately 46% and 47%, respectively, of the consolidated assets were located outside the United States. For the years ended 2011, 2010 and 2009, approximately 77%, 70% and 66%, respectively, of the consolidated revenues earned were located in or derived from foreign countries.

The domestic and foreign components of Income before equity in earnings (loss) of unconsolidated subsidiaries for the years ended December 31, 2011, 2010 and 2009 are as follows:


(Amounts in Thousands)	2011		2010		2009
Domestic	$	24,328	$	65,882	$	73,542
Foreign		204,326		105,519		57,962
	$	228,654	$	171,401	$	131,504

The following table summarizes the Company’s operations by major geographic segment:


(Amounts in Thousands)	Domestic		Bermuda		Other Foreign
December 31, 2011:
Revenue	$	306,915	$	865,262	$	169,406
Property and equipment		58,682		—		2,871
December 31, 2010:
Revenue	$	299,340	$	603,827	$	99,291
Property and equipment		30,340		—		549
December 31, 2009:
Revenue	$	249,934	$	429,042	$	61,235
Property and equipment		15,428		—		430