AIG General Insurance and Life & Retirement Earnings
Non-GAAP Reconciliations
Accident Year Loss Ratio, as adjusted, and Accident Year Combined Ratio, as adjusted
General Insurance
General Insurance - North America
2018
Quarterly
2Q20
Quarterly
2Q21
2Q20
2Q21
Loss ratio
65.7
72.6
61.3
Loss ratio
89.7
67.4
Catastrophe losses and reinstatement premiums
Prior year development
(2.3)
(11.9)
(2.1)
Catastrophe losses and reinstatement premiums
(20.2)
(2.9)
0.8
0.8
0.7
Prior year development
1.0
1.6
Adjustments for ceded premium under reinsurance
Accident year loss ratio, as adjusted
70.5
66.1
contracts and other
1.2
Accident year loss ratio, as adjusted
65.4
61.5
59.9
Acquisition ratio
16.1
15.7
General operating expense ratio
12.0
10.6
Acquisition ratio
21.1
20.0
19.1
Expense ratio
28.1
26.3
General operating expense ratio
14.5
13.4
12.1
Expense ratio
35.6
33.4
31.2
Combined ratio
117.8
93.7
Accident year combined ratio, as adjusted
98.6
92.4
Combined ratio
101.3
106.0
92.5
Accident year combined ratio, as adjusted
101.0
94.9
91.1
General Insurance - North America -
Commercial Lines
General Insurance - North America -
Quarterly
Personal Insurance
Quarterly
2Q20
2Q21
2Q20
2Q21
Loss ratio
Catastrophe losses and reinstatement premiums
Prior year development
94.1
68.8
Loss ratio
65.6
58.9
(23.4)
(2.9)
Catastrophe losses and reinstatement premiums
(2.6)
(3.0)
1.4
1.1
Prior year development
(1.3)
5.0
Accident year loss ratio, as adjusted
72.1
67.0
Accident year loss ratio, as adjusted
61.7
60.9
Acquisition ratio
14.1
15.1
Acquisition ratio
26.7
19.3
General operating expense ratio
11.2
9.1
General operating expense ratio
16.4
19.9
Expense ratio
25.3
24.2
Expense ratio
43.1
39.2
Combined ratio
119.4
93.0
Combined ratio
108.7
98.1
Accident year combined ratio, as adjusted
97.4
91.2
Accident year combined ratio, as adjusted
104.8
100.1
AIG
26View entire presentation