General Insurance Financial Overview
Non-GAAP Reconciliations-
Book Value Per Common
Share
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)
September 30,
December 31,
2021
2020
2021
$
64,863
$
66,362 $
65,956
485
485
485
64,378
65,877
65,471
8,606
13,511
6,687
2,966
4,657
2,791
7,083
7,907
5,221
$
51,655
49,116 $
56,354
835.8
861.6
818.7
ՄԴ
$
77.03
$
76.46 $
79.97
61.80
57.01
68.83
(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
Fortitude Re Funds Withheld Assets
Less: Deferred tax assets (DTA)*
September 30,
2021
December 31,
2020
2021
$
64,378
65,877 $
65,471
4,058
4,074
4,056
117
126
111
467
497
458
302
319
300
4,944
5,016
4,925
8,606
13,511
6,687
2,966
4,657
2,791
7,083
7,907
5,221
Total adjusted tangible common shareholders' equity (b)
$
Total common shares outstanding (c)
46,711
835.8
$
44,100 $
51,429
861.6
818.7
Adjusted tangible book value per common share (b+c)
ՄԴ
$
55.89
$
51.18 $
62.82
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No part of this document may be reproduced, republished or reposted
without the permission of AIG.
* 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.
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