AIG 200 Strategic Update
AIG
Other Operations: APTL decreased principally due to the impact of Fortitude in
1Q20 which was deconsolidated in 2Q20
($M)
Corporate and Other
Asset Management
Adjusted pre-tax loss before consolidation and eliminations
Consolidation and eliminations:
Consolidation and eliminations - Consolidated investment entities
Consolidation and eliminations - Other
Total Consolidation and eliminations
Adjusted pre-tax loss
Key Takeaways:
1Q20
1Q21
($879)
($552)
44
198
($835)
($354)
(104)
(175)
17
(1)
(87)
(176)
($922)
($530)
■ 1Q21 APTL was $530M, including $176M of reductions from consolidation and eliminations, compared to
APTL of $922M, including $87M of reductions from consolidation and eliminations, in the prior year quarter;
the increase in consolidation and eliminations APTL reflects the elimination of net investment income
recorded principally on internal funds or securitizations, on consolidated investment entities, that are
included in net income but eliminated in consolidated AATI through consolidation and eliminations within
Other Operations
"
Before consolidation and eliminations, the decrease in APTL primarily reflects the impact of Fortitude,
which was sold and deconsolidated in 2Q20 and had an APTL of $317M in 1Q20
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