Investor Presentaiton
NII of $3.4B ($3.2B APTI basis¹); Gross Investment Income, APTI basis1,
decrease driven by private equity losses; 2Q19 results included a large IPO gain
from a private equity holding
Invested Assets & Gross Investment Income, APTI Basis
2Q20 Invested Assets
Gross Investment Income, APTI basis ($M)
$B
Fixed Maturities
Alternatives
All Other
$170
2Q19
($6)
$715
$879
■Interest &
General
Insurance
$75.3
$4.6
$2.9
dividends
$47
2Q20
($68)
$593
$572
2Q19
$1,997
$193
$156
$2,346
Alternative
investments
Life &
179.0
2.9
4.5
Retirement
$136
2Q20
($46)
$2,025
$2,115
■All other
$60
2Q19
$553
$107 $720
Legacy
& Other²
51.0
0.5
7.7
2Q20
($56)
$396 $280 $620
2Q19
$3,265
$423 $257 $3,945
Total AIG
$305.3
$8.0
$15.1
2Q20
($170)
$3,014
$463
$3,307
3.79%
3.15%
General
Insurance
AIG
Fixed Maturities³
5.02%
4.54%
4.56%
4.14%
Life &
Retirement
2Q19 2Q20
2Q20 Annualized Investment Yield
10.94%
Alternative Investments
Total Alternative Investments
Consolidated AIG Hedge Funds &
Private Equity
34.70%
33.26%
19.37%
21.32%
10.91%
(5.82%)
(6.48%)
(8.89%)
Consolidated AIG
General
Insurance
Life &
Retirement
Consolidated AIG
Hedge Funds
2Q19 2Q20
(21.20%)
Private Equity
1) Refers to financial measure not calculated in accordance with generally accepted accounting principles (Non-GAAP); definitions and abbreviations of Non-GAAP measures and reconciliations to their
closest GAAP measures can be found in this presentation under the heading Glossary of Non-GAAP Financial Measures and Non-GAAP Reconciliations.
2) As the Fortitude sale closed on June 2, 2020, 2Q20 adjusted pre-tax NII included $378M related to investment income on two months of Fortitude assets compared to $498M in 2Q19.
3) Interest and dividends include amounts related to commercial mortgage loan prepayments and call and tender income; Life and Retirement annualized yields include yield on collateral related to hedging 10
program.View entire presentation