AIG 200 Strategic Update
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 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)
March 31,
December 31,
2020
2021
2020
$
60,173 $
485
62,679
485
$
66,362
485
59,688
62,194
65,877
(994)
6,466
13,511
-
2,246
4,657
8,535
7.539
7,907
$
52.147 S
50.435
$
49.116
861.3
859.4
861.6
$
69.30
$
72.37
$
76.46
60.55
58.69
57.01
Fortitude Re Funds Withheld Assets
(in millions, except per common share data)
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)
Add: Cumulative unrealized gains and losses related to
Less: Deferred tax assets (DTA)*
March 31,
2020
2021
December 31,
2020
$
59,688 $
62,194
$
65,877
3,989
4,079
4,074
297
123
126
526
487
497
329
309
319
5,141
4,998
5,016
(994)
6,466
13,511
2,246
4,657
8,535
7,539
7,907
Total adjusted tangible common shareholders' equity (b)
47.006 S
45.437
$
44,100
Total common shares outstanding (c)
861.3
859.4
861.6
Adjusted tangible book value per common share (b+c)
54.58 $
52.87
$
51.18
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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