AIG General Insurance and Life & Retirement Earnings
Life and Retirement: Strong growth arising from favorable capital markets
conditions; adverse COVID-19 mortality in Life Insurance
Life Insurance
($M)
APTI
New Business
Sales ($M)
$125
(-7% vs. 2Q20)
Premiums and
Deposits ($M)
$1,161
(+4% vs. 2Q20)
New Business Sales Mix
APTI ($M)
$20
n.m.
51%
49%
48%
52%
■Domestic (U.S.)
International
2Q20
2Q21
2Q21 vs 2Q20 APTI reflects
Favorable impacts from:
Equity markets resulting in higher alternative investment income,
mainly due to private equity
Other Key Metrics
Positive impacts from:
"
Premiums and deposits continue to grow resulting from higher
international life sales
Unfavorable impacts from:
Adverse COVID-19 mortality, however substantially lower than
1Q21 and 2Q20
Institutional Markets
$140 (+8% vs. 2Q20)
Premiums and Deposits ($M)
GAAP Reserves ($B)
$25.5
$28.0
$1,641
$7.8
$1,135
$6.9
$550
$0.1
$0.6
$2.5
$6
$1 $2
$2.1
$5.1
$5.0
$1,035
$1,049
$7.6
$9.0
$(1)
$95 $(1)
2Q20
$40
$3.4
$3.4
2Q21
2Q20
2Q21
AIG
2Q21 vs 2Q20 APTI reflects
Favorable impacts from:
Equity markets resulting in higher alternative investment income,
mainly due to private equity
Base portfolio investment income arising from higher assets
Other Key Metrics
Favorable impacts from:
Reserve growth over the past year driven by new PRT and GIC
transactions
■SS PRT COLI/BOLI HNW SVW GIC
Definitions: SS = Structured Settlements | PRT = Pension Risk Transfer | COLI/BOLI = Corporate and Bank-owned Life Insurance | HNW = High Net Worth |
SVW = Stable Value Wrap | GIC = Guaranteed Investment Contracts
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