General Insurance Financial Overview
Non-GAAP Reconciliations-
Net Premiums Written-
Change in Constant Dollar
and Net Investment
Income
Net Premiums Written - Change in Constant Dollar
General Insurance
Foreign exchange effect on worldwide premiums:
Change in net premiums written
General
Insurance
4Q21
North
America -
Commercial
Lines
4Q21
North
America -
Personal
Insurance
International
4Q21
4Q21
International -
Commercial
Lines
4Q21
International-
Personal
Insurance
Global -
Commercial
Lines
Global -
Personal
Insurance
4Q21
4Q21
4Q21
Increase (decrease) in original currency
8 %
11
%
17
%
6 %
Foreign exchange effect
(1)
1
(2)
16 %
(1)
(5) %
(4)
13
%
(1) %
(3)
Increase (decrease) as reported in U.S. dollars
7
%
11 %
18
%
4 %
15 %
(9) %
13 %
(4) %
General Insurance
Foreign exchange effect on worldwide premiums:
General
Insurance
FY'21
North
America -
Commercial
Lines
FY'21
North
America -
Personal
Insurance
FY'21
International
FY'21
International -
Commercial
Lines
International-
Personal
Insurance
FY'21
FY'21
Global -
Commercial
Lines
FY'21
Global -
Personal
Insurance
FY'21
Change in net premiums written
Increase (decrease) in original currency
11
%
18 %
31 %
5 %
13 %
(4) %
16 %
1 %
Foreign exchange effect
2
2
4
1
2
1
Increase (decrease) as reported in U.S. dollars
13
%
18
%
31
%
7
%
17
%
(3) %
18 %
2
%
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International - Commercial Lines
Global
General Insurance
Foreign exchange effect on worldwide premiums:
Specialty
4Q21
Talbot
4Q21
Property
4Q21
Change in net premiums written
Increase (decrease) in original currency
27 %
20 %
13
%
Foreign exchange effect
(2)
Increase (decrease) as reported in U.S. dollars
27 %
20 %
11 %
Reconciliation of Net Investment Income
Quarterly
Twelve Months Ended
December 31,
Net investment income on Fortitude Re funds withheld assets
(in millions)
Net investment income per Consolidated Statements of Operations
Changes in fair value of securities used to hedge guaranteed living benefits
Changes in the fair value of equity securities
Net realized gains (losses) related to economic hedges and other
Total Net investment income - APTI Basis
4Q20
4Q21
2020
2021
$
3,957
$
3,565 $
13,631
$
14,612
(14)
(14)
(56)
(60)
(216)
201
(200)
237
(479)
(483)
(1,053)
(1,971)
(22)
22
(1)
122
$
3,226
$
Add: Investment expenses
129
AIG investment income, APTI basis
$
3,355
$
Net realized (gains) losses related to economic hedges and other
Gross investment income, APTI basis
22
3,291 $
137
3,428 $
(22)
12,321
$
12,940
541
485
12,862
$
13,425
(122)
$
3,377
$
3,406 $
12,863
$
13,303
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