Investor Presentaiton
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's
Funds Withheld Assets
Total AIG common shareholders' equity, excluding AOCI adjusted for
the cumulative unrealized gains and losses related to Fortitude Re's
Funds Withheld Assets (b)
Less: Deferred tax assets (DTA)*
Total adjusted common shareholders' equity (c)
Book value per common share (a÷d)
Total common shares outstanding (d)
Book value per common share, excluding AOCI adjusted for the cumulative
unrealized gains and losses related to Fortitude Re's
Funds Withheld Assets (b÷d)
Adjusted book value per common share (c÷d)
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
Total AIG tangible common shareholders' equity (e)
Less: Accumulated other comprehensive income (AOCI)
Add: Cumulative unrealized gains and losses related to Fortitude Re's
Funds Withheld Assets
Total AIG tangible common shareholders' equity, excluding intangible asset,
AOCI adjusted for the cumulative unrealized gains and losses related to
Fortitude Re's Funds Withheld Assets (f)
Less: Deferred tax assets (DTA)*
Total adjusted tangible common shareholders' equity (g)
Total common shares outstanding (d)
Tangible book value per common share (e÷d)
Tangible book value per common share, excluding AOCI adjusted for
the cumulative unrealized gains and losses related to
Fortitude Re's Funds Withheld Assets (f÷d)
As of June 30,
2019
2020
$
64,539 $
485
62,234
485
$
64,054
61,749
4,991
9,169
4,215
December 31,
2019
65,675
485
65,190
4,982
59,063
56,795
$
9,577
49.486 $
8,643
60,208
8,977
48.152
$
51.231
869.9
861.4
870.0
73.63 $
71.68
FA
74.93
67.90
56.89
65.93
55.90
69.20
58.89
64,054 $
61,749
$
65,190
4,104
3,983
4,038
369
121
317
555
517
536
337
323
333
5,365
4,944
5,224
58,689
56,805
59,966
4,991
9,169
4,982
4,215
53,698
51,851
54,984
9,577
8,643
8,977
$
44.121 $
43.208
$
46.007
869.9
861.4
870.0
67.47
$
65.94
$
68.93
Adjusted tangible book value per common share (g÷d)
61.73
50.72
60.19
50.16
63.20
52.88
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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