Investor Presentaiton
1Q19
1Q20
$1,112
$917
819
757
41
40
211
220
1,071
1,017
Benefits, losses, and expenses
1,003
947
Life and Retirement: Institutional Markets benefited from disciplined growth with
improved margins
($ in millions)
Premiums and deposits
Premiums
Policy fees
Net investment income
Total adjusted revenues
■ Premiums and deposits are lower than 1Q19 resulting from
slightly lower Guaranteed Investment Contract and Pension Risk
Transfer issuance
■ Net investment income is higher on a growing asset base and
slightly favorable alternative investment returns
■ Continue to focus on maintaining pricing and expense discipline
Key Takeaways:
Adjusted pre-tax income (APTI)
$68
$70
Premiums and Deposits ($M)
GAAP Reserves by Line of Business ($B)
$1,112
7.2%
$20.8
$22.3
$250
$917
$6.9
$6.7
$124
$1
$0.6
$1.0
$4.9
$4.9
$746
$696
$6.6
$5.1
AIG
$116
1Q19
$97
$(1)
1Q20
■Structured Settlements
■ Stable Value Wrap
■ Pension Risk Transfer
$3.1
$3.3
1Q19
1Q20
■COLI/BOLI
■ Guaranteed Investment Contracts
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