AIG General Insurance and Life & Retirement Earnings
Life and Retirement: Strong growth arising from favorable capital markets
conditions
Individual Retirement¹
Assets Under
Premiums and
Net
Deposits ($M)
Flows ($M)
$3,978
(+122% vs. 2Q20)
($77)
Administration
($B)
$166.1
APTI ($M)
2Q21 vs 2Q20 APTI reflects
Favorable impacts from:
$617
n.m.
Base Net Investment Spread
(+7% vs. 2Q20) (+12% vs. 2Q20)
Total Net Investment Spread
2.54%2.52% 2.64%
3.32%3.29%
2.75%
1.55% 1.37% 1.44%
2.01%2.21%
1.61%
Equity markets resulting in higher alternative investment income,
mainly from private equity and higher fee income, partially offset by
higher DAC / SI amortization and Variable Annuity reserves as
market returns in the prior year quarter were stronger than the
positive market returns in current year quarter
Total net investment spreads
Unfavorable impacts from:
Base net investment spread compression
Other Key Metrics
Favorable impacts from:
Fixed Annuities
Variable and Index
Annuities
Fixed Annuities
Variable and Index
Annuities
" Growth of assets under administration
2Q20
1Q21
■ 2Q21
Premiums and
Net
Deposits ($M)
Flows ($M)
$2,255
($229)
(+35% vs. 2Q20)
n.m.
Base Net Investment Spread
1.63%
Assets Under
Administration
($B)
$ 137.8
Group Retirement
APTI ($M)
$347
(+19% vs. 2Q20) (+62% vs. 2Q20)
Total Net Investment Spread
1.92%
1.56%
1.48%
-2Q20
AIG 1) Includes Retail Mutual Funds.
2.37%
2Q21 vs 2Q20 APTI reflects
Favorable impacts from:
2.37%
•
-1Q21
- 2Q21
Equity markets resulting in higher alternative investment income,
mainly due to private equity and higher fee income
Total net investment spreads
Unfavorable impacts from:
Base net investment spread compression
Other Key Metrics
Favorable impacts from:
Growth of assets under administration
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