Investor Presentaiton
Non-GAAP Reconciliations
Accident Year Loss Ratio, as adjusted, and Accident Year Combined Ratio, as adjusted
General Insurance
General Insurance - North America
Quarterly
Quarterly
1Q19
1Q20
Loss ratio
63.1
66.8
Loss ratio
1Q19
69.4
1Q20
72.2
Catastrophe losses and reinstatement premiums
(2.7)
(6.9)|
Catastrophe losses and reinstatement premiums
(5.1)
(7.0)|
Prior year development
1.0
0.9
Prior year development
1.8
0.2
Adjustments for ceded premium under reinsurance contracts
Adjustments for ceded premium under reinsurance
and other
0.4
contracts and other
1.0
Accident year loss ratio, as adjusted
61.8
60.8
Accident year loss ratio, as adjusted
67.1
65.4
Acquisition ratio
21.8
21.9
Acquisition ratio
19.5
19.6
General operating expense ratio
12.5
12.8
General operating expense ratio
11.4
11.2
Expense ratio
34.3
34.7
Expense ratio
30.9
30.8
Combined ratio
97.4
101.5
Combined ratio
100.3
103.0
Accident year combined ratio, as adjusted
96.1
95.5
Accident year
combined ratio, as adjusted
98.0
96.2
General Insurance - North America -
Commercial Lines
Quarterly
General Insurance - North America -
Personal Insurance
Quarterly
1Q19
1Q20
1Q19
1Q20
Loss ratio
70.7
72.7
Loss ratio
65.4
70.8
Catastrophe losses and reinstatement premiums
(5.1)
(6.7)
Catastrophe losses and reinstatement premiums
(5.0)
(7.9)
Prior year development
2.8
2.2
Prior year development
(1.2)
(5.1)
Adjustments for ceded premium under reinsurance contracts
Adjustments for ceded premium under reinsurance
and other
1.0
contract
0.9
Accident year loss ratio, as adjusted
69.4
68.2
Accident year loss ratio, as adjusted
60.1
57.8
Acquisition ratio
15.2
15.9
Acquisition ratio
32.5
29.6
General operating expense ratio
11.8
11.4
General operating expense ratio
10.4
10.6
Expense ratio
27.0
27.3
Expense ratio
42.9
40.2
Combined ratio
97.7
100.0
Combined ratio
108.3
111.0
Accident
year combined ratio, as adjusted
96.4
95.5
Accident year
combined ratio, as adjusted
103.0
98.0
AIG
36View entire presentation