SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2022

SEGMENT INFORMATION

Schedule of continuing operations by operating segment including reconciling items

Three Months Ended March 31,	2022					2021
				Adjusted					Adjusted
		Adjusted		Pre-tax			Adjusted		Pre-tax
(in millions)		Revenues		Income (Loss)			Revenues		Income (Loss)
General Insurance
North America	$	2,789	$	256	(a)	$	2,388	$	(202)	(a)
International		3,467		190	(a)		3,478		275	(a)
Net investment income		765		765			772		772
Total General Insurance		7,021		1,211			6,638		845
Life and Retirement
Individual Retirement		1,385		384			1,477		532
Group Retirement		744		225			806		307
Life Insurance		1,287		(9)			1,333		(40)
Institutional Markets		549		124			364		142
Total Life and Retirement		3,965		724			3,980		941
Other Operations
Other Operations before consolidation and eliminations		294		(288)			324		(354)
Consolidation and eliminations		(136)		(133)			(180)		(176)
Total Other Operations		158		(421)			144		(530)
Total		11,144		1,514			10,762		1,256
Reconciling items:
Changes in fair value of securities used to hedge guaranteed living benefits		14		13			18		22
Changes in benefit reserves and DAC, VOBA and DSI related to net realized
gains (losses)		-		(273)			-		(203)
Changes in the fair value of equity securities		(27)		(27)			22		22
Other income (expense) - net		(7)		-			(6)		-
Gain on extinguishment of debt		-		-			-		8
Net investment income on Fortitude Re funds withheld assets		291		291			486		486
Net realized gains (losses) on Fortitude Re funds withheld assets		(140)		(140)			173		173
Net realized gains on Fortitude Re funds withheld
embedded derivative		3,318		3,318			2,382		2,382
Net realized gains(b)		1,181		1,188			617		627
Net gain on divestitures		-		40			-		7
Non-operating litigation reserves and settlements		34		34			-		-
Favorable prior year development and related amortization
changes ceded under retroactive reinsurance agreements		-		-			-		19
Net loss reserve discount benefit		-		20			-		32
Integration and transaction costs associated with acquiring or divesting
businesses		-		(46)			-		(9)
Restructuring and other costs		-		(93)			-		(74)
Non-recurring costs related to regulatory or accounting changes		-		(4)			-		(20)
Revenues and pre-tax income	$	15,808	$	5,835		$	14,454	$	4,728

(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 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).