Investor Presentaiton
Non-GAAP Reconciliations
Accident Year Loss Ratio, as adjusted, and Accident Year Combined Ratio, as adjusted
General Insurance
General Insurance - North America
2Q18
Quarterly
2019
Quarterly
Loss ratio
65.7
63.0
2Q20
72.6
Loss ratio
2Q19
69.2
2Q20
87.9
Catastrophe losses and reinstatement premiums
(2.3)
(2.6)
(11.9)
Catastrophe losses and reinstatement premiums
(5.0)
(19.6)
Prior
year development
0.8
0.9
0.8
Prior year development
1.7
1.2
Adjustments for ceded premium under reinsurance
Accident year loss ratio, as adjusted
65.9
69.5
contracts and other
1.2
Accident year loss ratio, as adjusted
65.4
61.3
61.5
Acquisition ratio
20.3
15.7
General operating expense ratio
10.6
12.1
Acquisition ratio
21.1
22.2
20.0
Expense ratio
30.9
27.8
General operating expense ratio
14.5
12.6
13.4
Expense ratio
35.6
34.8
33.4
Combined ratio
100.1
115.7
Accident year combined ratio, as adjusted
96.8
97.3
Combined ratio
101.3
97.8
106.0
Accident year combined ratio, as adjusted
101.0
96.1
94.9
General Insurance - North America -
Commercial Lines
Quarterly
General Insurance - North America -
Personal Insurance
Quarterly
2Q19
2Q20
2Q19
2Q20
Prior
year development
Loss ratio
Catastrophe losses and reinstatement premiums
Accident year loss ratio, as adjusted
74.8
91.8
Loss ratio
53.0
65.6
(5.4)
(22.6)
Catastrophe losses and reinstatement premiums
(3.9)
(2.6)
3.1
1.6
Prior year development
(2.4)
(1.3)
72.5
70.8
Accident year loss ratio, as adjusted
46.7
61.7
Acquisition ratio
15.4
13.8
Acquisition ratio
34.6
26.7
General operating expense ratio
11.3
11.4
General operating expense ratio
8.8
16.4
Expense ratio
26.7
25.2
Expense ratio
43.4
43.1
Combined ratio
101.5
117.0
Combined ratio
96.4
108.7
Accident year combined ratio, as adjusted
99.2
96.0
Accident year combined ratio, as adjusted
90.1
104.8
AIG
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