Investor Presentaiton
Other Operations
($M)
2Q19
2Q20
Corporate (Parent and Service Companies):
General operating expenses
($195)
($194)
Interest expense
(264)
(269)
All other income (expense), net
62
(1)
Total Corporate (Parent and Service Companies)
(397)
(464)
Consolidated investment entities
(1)
(81)
Blackboard
(17)
(14)
Adjusted pre-tax loss before consolidation
(415)
(559)
and eliminations
Consolidation, eliminations and other adjustments:
Consolidated investment entities1
(56)
63
Other²
(14)
Total consolidation, eliminations and other adjustments
Adjusted pre-tax loss
(56)
49
($471)
($510)
AIG
Key Takeaways:
Corporate (Parent and Service Companies)
APTL increased primarily as 2Q19 benefited
from Other Income of $62M, related to available
for sale securities, as well as increased interest
expense related to $4.1B of notes issued by
AIG Parent during the quarter
■ Consolidated investment entities APTL
increased due to lower Global Real Estate
sales compared with 2Q19 and unfavorable
mark-to-market charges in 2Q20, which also
impacted consolidation, eliminations, and other
adjustments in 2Q20
■ Other operations APTL increased as 2Q19
benefitted from Other Income, partially offset by
lower net impact of consolidated investment
entities after consolidations, eliminations and
other adjustments
1) Consolidation, eliminations and other adjustments - consolidated investment entities represents the elimination of the intercompany net investment income
recorded by the General Insurance and Life and Retirement subsidiaries for their investments in consolidated investment entities.
2) Consolidation, eliminations and other adjustments - Other represents eliminations of intercompany transactions other than consolidated investment entities
between Parent and the General Insurance and Life and Retirement subsidiaries.
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