AIG Earnings and Investment Portfolio Report
GII, APTI basis¹, decrease of $1.9B reflects the June 2020 Fortitude sale, lower
FVO bond income, and yield compression on available for sale securities
Invested Assets & Gross Investment Income, APTI Basis¹
FY'20 Invested Assets
Gross Investment Income, APTI basis¹ ($M)
$B
Fixed Maturities
Alternatives
All Other
$697
Interest & dividends
FY'19
$2,842
$107 $3,646
General
Insurance
$75.9
$5.3
$2.8
$595
FY'20
$2,390
$188 $3,173
Alternative
investments
FY'19
$8,125
$415
$518 $9,058
Life &
$187.3
$3.9
$4.4
All other
Retirement
$591
FY'20
$8,239
$348 $9,178
$251
FY'19
$1,959
$386 $2,596
Other
$10.1
($1.2)
$7.4
Operations¹
$76
Consolidation and
eliminations and
other adjustments
FY'20
$907 $100 $1,083
FY'19
($543)
Total AIG
$273.3
$8.0
$14.6
FY'20
($571)
$12,926
$11,536
$1,363 $1,011 $14,757
$1,262 $636 $12,863
Fixed Maturities²
FY'20 and FY'19 Annualized Investment Yields
4.81%
4.49%
4.50%
4.08%
3.80%
3.18%
Alternative Investments³
Total Alternative Investments
18.62%
Consolidated AIG Hedge Funds &
Private Equity
16.94%
16.29%
15.65%
11.82% 11.86%
14.04% 14.14%
15.47%
9.81%
General
Insurance
Life &
Retirement
Consolidated AIG
FY'19 FY'20
General
Insurance
Life &
Retirement
Consolidated AIG
Hedge Funds
FY'19 FY'20
Private Equity
1) FY'20 and FY'19 includes GII $521M ($499M on a net basis) and $2.0B ($1.9B on a net basis), respectively, related to investment income on Fortitude assets. Excluding Fortitude, FY'20
and FY'19 GII, APTI basis, is $12,342M and $12,806M, respectively, and NII, APTI basis, is $11,822M and $12,490M, respectively.
AIG 2) Interest and dividends include amounts related to commercial mortgage loan prepayments and call and tender income; Life and Retirement annualized yields include yield on collateral
related to hedging program.
3) Alternative investment income includes income on hedge funds, private equity funds and affordable housing partnerships.
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