AIG Earnings and Investment Portfolio Report
Non-GAAP Reconciliations
Book Value Per Common Share
(in millions, except per common share data)
Book Value Per Common Share
Total AIG shareholders' equity
Less: Preferred equity
Total AIG common shareholders' equity (a)
Less: Accumulated other comprehensive income (AOCI)
Add: Cumulative unrealized gains and losses related to
Fortitude Re's Funds Withheld Assets
Less: Deferred tax assets (DTA)*
Total adjusted common shareholders' equity (b)
Total common shares outstanding (c)
Book value per common share (a+c)
Adjusted book value per common share (b+c)
Tangible Book Value Per Common Share
Total AIG common shareholders' equity (a)
Less Intangible Assets:
Goodwill
Value of business acquired
Value of distribution channel acquired
Other intangibles
Total intangibles assets
Less: Accumulated other comprehensive income (AOCI)
As of December 31,
2019
$
65,675
485
$
65,190
4,982
2020
September 30,
2020
66,362
$
64,108
485
485
65,877
63,623
13,511
10,978
4,657
4,392
8,977
7,907
8,123
$
51.231 S
49.116
S
48.914
870.0
861.6
861.4
$
74.93
$
76.46
$
73.86
58.89
57.01
56.78
$
65,190 $
65,877
$
63,623
4,038
4,074
4,026
317
126
122
536
497
507
333
319
322
5,224
5,016
4,977
4,982
13,511
10,978
Add: Cumulative unrealized gains and losses related to
Fortitude Re's Funds Withheld Assets
4,657
4,392
Less: Deferred tax assets (DTA)*
8,977
7,907
8,123
Total adjusted tangible common shareholders' equity (d)
$
Total common shares outstanding (c)
46.007 S
870.0
44.100
861.6
$
43.937
861.4
Adjusted tangible book value per common share (d÷c)
52.88 S
51.18
$
51.01
Represents deferred tax assets only related to U.S. net operating loss and foreign tax credit carryforwards on a U.S. GAAP basis and excludes other balance sheet deferred tax
assets and liabilities.
*
AIG
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