Investor Presentaiton
Non-GAAP Reconciliations
Accident Year Loss Ratio, as adjusted, and Accident Year Combined Ratio, as adjusted
General Insurance
Twelve Months
Twelve Months
Ended
December 31,
Quarterly
Ended
December 31,
General Insurance - North America
Quarterly
4Q18
4Q19
2018
2019
4Q18
4Q19
2018
2019
Loss ratio
94.6
71.7
87.5
71.8
Loss ratio
80.1
65.6
75.7
65.2
Catastrophe losses and reinstatement premiums
(11.3)
(6.5)
(10.5)
(4.8)
Catastrophe losses and reinstatement
premiums
(19.6)
(9.8)
(15.1)
(6.8)
Prior year development
(5.3)
2.2
(1.5)
1.1
Adjustments for ceded premium under
Prior year development
(10.0)
3.1
(3.1)
1.8.
reinsurance contracts and other
0.4
0.3
0.3
Adjustments for ceded premium under
0.1
Accident year loss ratio, as adjusted
63.9
61.6
64.0
61.6
reinsurance contracts and other
Accident year loss ratio, as adjusted
0.9
0.7
0.8
0.3
65.9
65.7
70.1
67.1
Acquisition ratio
22.4
21.4
21.7
21.8
Acquisition ratio
20.5
18.5
19.3
19.4
General operating expense ratio
12.5
12.8
14.0
12.6
General operating expense ratio
10.2
10.4
12.0
10.5
Expense ratio
34.9
34.2
35.7
34.4
Expense ratio
30.7
28.9
31.3
29.9
Combined ratio
115.0
99.8
111.4
99.6
Combined ratio
125.3
100.6
118.8
101.7
Accident year combined ratio, as adjusted
98.8
95.8
99.7
96.0
Accident year combined ratio, as adjusted
96.6
94.6
101.4
97.0
Twelve Months
Twelve Months
General Insurance - North America -
Commercial Lines
Quarterly
Ended
December 31,
General Insurance - North America -
Personal Insurance
Quarterly
Ended
December 31,
4Q18
4Q19
2018
2019
4Q18
4Q19
2018
2019
Loss ratio
93.6
80.7
87.6
76.8
Loss ratio
98.0
45.7
87.3
57.0
Catastrophe losses and reinstatement premiums
(9.8)
(8.0)
(10.7)
(6.2)
Catastrophe losses and reinstatement
Prior year development
(13.3)
(2.1)
(1.5)
1.3
premiums
(49.8)
(14.8)
(27.2)
(8.2)
Adjustments for ceded premium under
Prior year development
17.8
(7.4)
2.8
reinsurance contracts and other
1.2
0.7
1.1
0.3
Adjustments for ceded premium under
Accident year loss ratio, as adjusted
71.7
71.3
76.5
72.2
reinsurance contract
0.6
0.3
Accident year loss ratio, as adjusted
48.2
49.3
52.7
51.9
Acquisition ratio
16.5
13.2
14.6
14.5
General operating expense ratio
10.8
10.9
12.5
10.9
Acquisition ratio
33.0
34.0
31.9
33.8
Expense ratio
27.3
24.1
27.1
25.4
General operating expense ratio
8.6
8.9
10.5
9.3
Expense ratio
41.6
42.9
42.4
43.1
Combined ratio
120.9
104.8
114.7
102.2
Accident year combined ratio, as adjusted
99.0
95.4
103.6
97.6
Combined ratio
139.6
88.6
129.7
100.1
Accident year combined ratio, as adjusted
89.8
92.2
95.1
95.0
AIG
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