SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2021

SEGMENT INFORMATION

Schedule of continuing operations by operating segment including reconciling items

Three Months Ended March 31,	2021					2020
				Adjusted					Adjusted
		Adjusted		Pre-tax			Adjusted		Pre-tax
(in millions)		Revenues		Income (Loss)			Revenues		Income (Loss)
General Insurance
North America	$	2,388	$	(202)	(a)	$	2,731	$	(103)	(a)
International		3,478		275	(a)		3,348		16	(a)
Net investment income		772		772			588		588
Total General Insurance		6,638		845			6,667		501
Life and Retirement
Individual Retirement		1,477		532			1,368		305
Group Retirement		806		307			694		143
Life Insurance		1,333		(40)			1,200		78
Institutional Markets		364		142			1,024		75
Total Life and Retirement		3,980		941			4,286		601
Other Operations
Other Operations before consolidation and eliminations		324		(354)			315		(835)
AIG consolidation and eliminations		(180)		(176)			(141)		(87)
Total Other Operations		144		(530)			174		(922)
Total		10,762		1,256			11,127		180
Reconciling items to pre-tax income:
Changes in fair value of securities used to hedge guaranteed living benefits		18		22			14		(7)
Changes in benefit reserves and DAC, VOBA and SIA related to net realized
capital gains		-		(203)			-		(538)
Changes in the fair value of equity securities		22		22			(191)		(191)
Other income (expense) - net		(6)		-			10		-
Gain (loss) on extinguishment of debt		-		8			-		(17)
Net investment income on Fortitude Re funds withheld assets		486		486			-		-
Net realized capital gains on Fortitude Re funds withheld assets		173		173			-		-
Net realized capital gains on Fortitude Re funds withheld
embedded derivative		2,382		2,382			-		-
Net realized capital gains(b)		617		627			3,477		3,494
Income (loss) from divested businesses		-		7			-		(216)
Non-operating litigation reserves and settlements		-		-			6		6
Favorable prior year development and related amortization
changes ceded under retroactive reinsurance agreements		-		19			-		8
Net loss reserve discount benefit (charge)		-		32			-		(56)
Integration and transaction costs associated with acquiring or divesting
businesses		-		(9)			-		(2)
Restructuring and other costs		-		(74)			-		(90)
Non-recurring costs related to regulatory or accounting changes		-		(20)			-		(13)
Revenues and pre-tax income	$	14,454	$	4,728		$	14,443	$	2,558

(a) General Insurance North America’s and General Insurance International’s Adjusted pre-tax income does not include Net investment income as the investment portfolio results are managed at the General Insurance level. Net investment income is shown separately as a component of General Insurance’s total Adjusted pre-tax income results.

(b) Includes all net realized capital gains and losses except earned income (periodic settlements and changes in settlement accruals) on derivative instruments used for non-qualifying (economic) hedging or for asset replication and net realized gains and losses on Fortitude Re funds withheld assets held by AIG in support of Fortitude Re’s reinsurance obligations to AIG (Fortitude Re funds withheld assets).