AIG 200 Strategic Update
Non-GAAP Reconciliations
Net Premiums Written - Change in Constant Dollar
General Insurance
Foreign exchange effect on worldwide premiums:
Change in net premiums written
Increase (decrease) in original currency
Foreign exchange effect
Increase (decrease) as reported in U.S. dollars
Increase (decrease) in original currency
Impact of PCG and Travel
Increase (decrease) in original currency adjusted for
PCG and Travel
Global -
Commercial Lines
1Q21
Global -
Personal Insurance
1Q21
International -
Commercial Lines
1Q21
International -
Personal Insurance
1Q21
22.0 %
3.4
25.4 %
(22.7) %
3.4
(19.3) %
13.1 %
7.2
(6.0) %
5.6
20.3 %
(0.4) %
(22.7) %
21.1
(1.6) %
Reconciliation of Net Investment Income
Quarterly
(in millions)
Net investment income per Consolidated Statements of Operations
Changes in fair value of securities used to hedge guaranteed living benefits
Changes in the fair value of equity securities
Net investment income on Fortitude Re funds withheld assets
1Q20
1Q21
$
2,508
$
3,657
(13)
(19)
191
(22)
(486)
Net realized capital gains (losses) related to economic hedges and other
Total Net investment income - APTI Basis
13
61
$
2,699
$
3,191
Add: Investment expenses
Add: Consolidation and eliminations
148
112
145
183
AIG investment income, APTI basis
$
2.992
$
3.486
Consolidation and eliminations
(145)
(183)
Net realized capital (gains) losses related to economic hedges and other
(13)
(61)
Gross investment income, APTI basis
$
2,834
$
3,242
Less: Impact of Fortitude Re prior to deconsolidation
(119)
Gross investment income, APTI basis, excluding the impact of
Fortitude Re for all periods, including periods prior to deconsolidation
$
2,715
$
3.242
Total Net investment income - APTI Basis
$
2,699
$
3,191
Less: Impact of Fortitude Re prior to deconsolidation
(119)
Total Net investment income - APTI Basis, excluding the impact of
Fortitude Re for all periods, including periods prior to deconsolidation
$
2.580
$
3.191
AIG
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