Investor Presentaiton slide image

Investor Presentaiton

Life and Retirement: Individual Retirement reflects flat net flows for Annuity Business, asset growth and continued spread compression Premiums ■ APTI improvement driven by favorable impacts from equity market returns and lower interest rates driving higher income on fair value option bonds Continued spread compression as a result of higher yielding assets rolling off the large in-force portfolio, while continuing to maintain pricing discipline ($ in millions) 4Q18 4Q19 Key Takeaways Premiums and deposits $4,225 $3,156 15 39 Policy fees 194 209 Net investment income 912 1,019 Advisory fee and other income 155 154 Total adjusted revenues 1,276 1,421 Benefits, losses and expenses 949 920 Adjusted pre-tax income (APTI) $327 $501 Net Flows ($B) ■ Net flows, excluding Retail Mutual Funds, are lower than 4Q18 primarily due to lower interest rates driving lower Fixed Annuity sales ■ Growth in assets under administration driven by strong equity market performance and higher Annuity net flows in the first half of 2019, partially offset by net redemptions in Retail Mutual Funds Assets Under Administration ($B) 11.7% Premiums and Deposits $139.1 $13.3 4Q18 $1.7 $0.7 $1.4 $0.4 $4.2 $43.7 4Q19 $0.8 $0.8 $1.4 $0.2 $3.2 $82.1 $155.4 $12.0 $49.7 $93.8 4Q18 4Q19 Surrender and Other Withdrawals General Accounts ■Separate Accounts Retail Mutual Funds 4Q18 4Q19 $1.1 $0.9 $1.0 $0.1 $1.7 $4.0 $1.1 $0.2 $1.2 $3.4 Net Flows1 4Q18 ($0.5) ■ Fixed Annuities Variable Annuities Index Annuities Retail Mutual Funds 4Q19 ($1.0) 1) Includes death and other contract benefits. AIG Base Net Investment Spread 1.83% 3.22% 1.70% 2.83% 4Q18 4Q19 ■Fixed Annuities Variable and Index Annuities 13
View entire presentation