A leading global insurance organization
About AIG
Last twelve months ending June 30, 2020
$49 billion
Total revenues
Nearly
at June 30, 2020
$569 billion
Total assets
• Quality balance sheet
• Ample liquidity
• Strong capital position
Among the leaders in their geographies and segmentations, providing differentiated service and expertise
World-class insurance franchises:
Highly-engaged global workforce:
employees in
countries &
jurisdictions
~46,000
80+
A strong and experienced leader, AIG Life & Retirement consists of four operating segments:
Life & Retirement
• Individual Retirement
• Group Retirement
• Life Insurance
• Institutional Markets
• American General Life Insurance Company
• The Variable Annuity Life Insurance Company
• The United States Life Insurance Company in the
City of New York
AIG Life & Retirement includes the following major U.S. life insurance companies:
Diversified earnings base
supported by its diversified businesses
Last twelve months ending March 31, 2022
$3.7 billion
Adjusted pre-tax income
Last twelve months ending March 31, 2022
$32 billion
Premiums & deposits
under administration as of March 31, 2022
$280 billion
Total retirement assets
Broad portfolio of
offered through an extensive, multi-channel distribution network
Life Insurance, Retirement and Institutional Products
Last twelve months ending March 31, 2022
$53 billion
Total revenues
at March 31, 2022
$573 billion
Total assets
• Quality balance sheet
• Ample liquidity
• Strong capital position
Among the leaders in their geographies and segmentations, providing differentiated service and expertise
World-class insurance franchises:
Highly-engaged global workforce:
employees in
countries &
jurisdictions
~36,600
~50
Strength.
AIG Life & Retirement brings together a broad portfolio of life insurance, retirement, and institutional products.
At AIG Life & Retirement, our mission is to help people achieve financial and retirement security. AIG Life & Retirement is part of American International Group, Inc. (AIG).
Life & Retirement
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Committed to protecting our clients’ futures
#1 DALBAR ranking for Behavior Centric Website for AIG Retirement Services’ customers
3
2
1
AIG Life & Retirement is a leading provider of retirement and life insurance solutions with decades of experience.
4 Annuities and Life Insurance market positions based on LIMRA rankings in the U.S. for 1Q22; Group
Retirement market positions based on LIMRA rankings in the U.S. for 4Q21 Year-to-Date.
AIG Life & Retirement holds longstanding, leading market positions in many of the markets it serves in the U.S.
Ranking
Category
1
Fixed-rate deferred annuity sales
2
3
Total K-12 assets
3
4
Total higher education assets
4
5
6
Structured settlements annuity sales
8
12
Industry
Leadership
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AIG Life & Retirement’s asset portfolio is prudently invested,
Each of our U.S. life insurance operating companies
Total adjusted statutory capital for our fleet of
U.S. life insurance companies was
Strong
balance sheet
Highly rated for financial strength
As members of AIG Life & Retirement, our U.S. life insurance companies (American General Life Insurance Company, The Variable Annuity Life Insurance Company, and The United States Life Insurance Company in the City of New York) have collectively received strong financial strength ratings from independent ratings agencies, reflecting their financial stability and their ability to meet their obligations to their policy holders and others.
The most recent published financial strength ratings for these entities are:
Agency
Rating
Standard & Poor's
Strong
A+
Moody’s
Investors Service
A.M. Best Company
Fitch Ratings
Good
A2
Excellent
A
Strong
A+
While ratings can be objective indicators of an insurance company’s financial strength and can provide a relative measure to help select among insurance companies, they are not guarantees of the future financial strength and/or claims-paying ability of a company and do not apply to any underlying variable portfolios, where applicable.
Last updated March 29, 2022. Ratings are subject to change at any time.
Ratings outlooks: S&P, Stable; Moody’s, Stable; A.M. Best, Stable; Fitch, Stable. Note: Standard & Poor’s 21 ratings are a measure of claims-paying ability and range from AAA (Exceptionally Strong) to R (Regulatory Action). Moody’s Investors Service’s 21 ratings are a measure of financial security and range from Aaa (Exceptional) to C (Extremely Poor). A.M. Best’s 15 ratings are a measure of claims-paying ability and range from A++ (Superior) to F (In Liquidation). Fitch’s 19 ratings are a measure of insurer financial strength and range from AAA (Exceptionally Strong) to C (Distressed).
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Variable annuities are sold by prospectus only. The prospectus contains the investment objectives, risks, fees, charges, expenses and other information regarding the contract and its underlying funds, which should be considered carefully before investing. Please contact your financial professional or call
1-800-445-7862 to obtain a prospectus. Please read the prospectus carefully before investing.
All contract and optional benefit guarantees, including any fixed account crediting rates or annuity rates, are backed by the claims-paying ability of the issuing insurance company. They are not backed by the broker/dealer from which the annuity is purchased.
Life policies and annuities issued by American General Life Insurance Company (AGL), Houston, TX except in New York, where issued by The United States Life Insurance Company in the City of New York (US Life). AGL does not solicit, issue or deliver policies or contracts in the state of New York. Certain annuities are issued by The Variable Annuity Life Insurance Company (VALIC), Houston, TX. Variable annuities are distributed by AIG Capital Services, Inc. (ACS). Member FINRA, 21650 Oxnard Street, Suite 750, Woodland Hills, CA 91367-4997. Issuing companies AGL, US Life and VALIC are responsible for financial obligations of insurance products. AIG Retirement Services represents AIG member companies - The Variable Annuity Life Insurance Company (VALIC), Houston, TX and its subsidiaries, VALIC Financial Advisors, Inc. (VFA) and VALIC Retirement Services Company (VRSCO). AGL, US Life, VALIC, VFA, VRSCO and ACS are members of American International Group, Inc. (AIG). Products and services may not be available in all states and product features may vary by state.
M6103CRX (6/22)
On October 26, 2020, AIG announced its intention to separate the Life and Retirement business. We cannot provide any assurance regarding the form that a separation transaction may take, or the specific terms or timing, or even that one will occur. Please continue to review our public disclosure on the SEC website for up to date information.
This material is general in nature, was developed for educational use only, and is not intended to provide financial, legal, fiduciary, accounting or tax advice, nor is it intended to make any recommendations. Applicable laws and regulations are complex and subject to change. Please consult with your financial professional regarding your situation. For legal, accounting or tax advice consult the appropriate professional.
Annuities are long-term products designed for retirement. Early withdrawals may be subject to withdrawal charges. Partial withdrawals may reduce benefits available under the contract, as well as the amount available upon a full surrender. Withdrawals of taxable amounts are subject to ordinary income tax and, if taken prior to age 59½, an additional 10% federal tax may apply. An investment in a variable annuity involves investment risk, including possible loss of principal.
For more information about our broad suite of annuity and life insurance solutions, talk to your financial professional today.
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Total annuity sales
Leadership.
Experience.
Innovative and time-tested solutions
1 2017-2021.
2 Recipient of the DALBAR Annuity Service Award. (2007-2021)
3 As of Q122
Strength.
Leadership.
Experience.
Information presented here is for informational purposes and represents combined statistical information of the member companies.
Information presented here is for informational purposes and represents combined statistical information of the member companies.
Index annuity sales
5
5
5
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In addition, it includes AIG Life Limited in the U.K.
and Laya Healthcare Limited in Ireland.
and our balance sheet is strong
Delivering the protection, retirement savings and income solutions Americans need
to plan for financial and retirement security
$47 billion
over the last five years alone by the U.S. life insurance companies collectively
in claims and benefits paid out
Helping millions
of Americans
plan for a brighter, more secure future
DALBAR award-winning service
to our annuity customers for
15 consecutive years
Providing
#1 DALBAR ranking
for Behavior Centric Website for AIG Retirement Services’ customers
maintains a strong capital position
$15.2 billion
as of September 30, 2020
Life & Retirement
Over
Over
Term life insurance sales
Total life insurance issued
Variable annuity sales
Total healthcare assets
6
16
Universal life insurance sales
