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AIG(AIG) - 2023 Q3 - Quarterly Report
2023-11-01 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 —————————— FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-8787 American International Group, Inc. (Exact name of registrant as specified in its charter) Delaware 13-2592361 (State or o ...
American International Group, Inc. (AIG) Presents at 2023 Keefe, Bruyette & Woods Insurance Conference (Transcript)
2023-09-06 11:05
https://reportify-1252068037.cos.ap-beijing.myqcloud.com/media/production/s_m_content_bc3985f74b1c2834f35a820fcce618cb.html ...
AIG(AIG) - 2023 Q2 - Earnings Call Presentation
2023-08-02 16:13
Second Quarter 2023 Financial Results Presentation August 2, 2023 Copyright ® 2023 by American International Group, Inc. All rights reserved. No part of this document may be reproduced, republished or reposted without the permission of AIG. Group Performance Strategy Segment Performance GI L&R Other Investments Capital Best Quarterly Adjusted EPS* Since 2007, Execution of Numerous ...
AIG(AIG) - 2023 Q2 - Earnings Call Transcript
2023-08-02 16:12
American International Group, Inc. (NYSE:AIG) Q2 2023 Earnings Conference Call August 1, 2023 8:30 AM ET Company Participants Quentin McMillan - VP, MD & Head, IR Peter Zaffino - Chairman & CEO Sabra Purtill - EVP & Interim CFO Conference Call Participants Jon Newsome - Piper Sandler & Co. Meyer Shields - KBW Yaron Kinar - Jefferies Alexander Scott - Goldman Sachs Group Michael Zaremski - BMO Operator Good day, and welcome to AIG's Second Quarter 2023 Financial Results Conference Call. This conference is be ...
AIG(AIG) - 2023 Q2 - Quarterly Report
2023-08-01 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 —————————— FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-8787 American International Group, Inc. (Exact name of registrant as specified in its charter) Delaware 13-2592361 (State or other ...
AIG(AIG) - 2023 Q1 - Earnings Call Transcript
2023-05-05 16:29
Financial Data and Key Metrics Changes - Adjusted after-tax income was $1.2 billion or $1.63 per diluted common share, representing a 9% increase year-over-year [6][37] - Net investment income on a consolidated basis was $3.1 billion, with a focus on improving credit quality and reducing volatility [6][38] - Book value per common share was $58.87 at quarter end, up 7% from year-end [43] Business Line Data and Key Metrics Changes - Net premiums written in General Insurance grew 10% on a constant dollar basis, driven by the Commercial business [6][11] - Life and Retirement reported premiums and deposits of $10.4 billion in the first quarter, a 44% increase year-over-year [7][25] - The accident year combined ratio, excluding catastrophes, was 88.7%, an 80 basis point improvement from the prior year [22] Market Data and Key Metrics Changes - North America Commercial saw a strong growth of 15% in net premiums written, driven by Validus Re [12] - International Commercial net premiums written grew 6%, primarily due to Property, which was up over 40% [17] - Global Personal reported a first quarter accident year combined ratio, excluding catastrophes, of 98.6%, a 120 basis point increase from the prior year [23] Company Strategy and Development Direction - The company is focused on long-term value creation and has made significant progress in strategic and operational priorities [5] - AIG plans to reduce its ownership interest in Corebridge and explore options aligned with shareholder interests [9] - The company is transitioning to a simpler, leaner business model, aiming for a 10%-plus return on common equity (ROCE) [30][32] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's future earnings power and commitment to disciplined capital management [8][34] - The company anticipates strong top-line growth in General Insurance for the remainder of 2023 [24] - Management highlighted the importance of maintaining appropriate capital levels in subsidiaries to support profitable growth [68] Other Important Information - AIG returned approximately $840 million to shareholders in the first quarter through stock repurchases and dividends [8] - The company approved a 12.5% increase in its common stock quarterly dividend, starting in the second quarter [8][34] - Corebridge has made substantial progress since its IPO, paying $450 million in dividends to public shareholders [9] Q&A Session Summary Question: Growth and Net-to-Gross Ratio - Management explained that the net-to-gross ratio remained unchanged due to portfolio composition and strategic reinsurance partnerships [50][52] Question: Implications of North American Personal Lines Changes - Management clarified that changes in North American Personal Lines do not significantly impact the International Personal segment due to their distinct business models [54][56] Question: Expense Ratio Expectations with MGA - Management indicated that as the MGA gains speed, the expense ratio is expected to fall over time, leading to improved profitability [57][60] Question: Catastrophe Load Stabilization - Management confirmed that the catastrophe load has stabilized, and they are focused on maintaining a balanced portfolio with reduced risk [61][64] Question: Excess Capital and Liquidity Management - Management emphasized a disciplined approach to capital management, maintaining strong liquidity while evaluating opportunities for share repurchases [66][70]
AIG(AIG) - 2023 Q1 - Quarterly Report
2023-05-04 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 —————————— FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-8787 American International Group, Inc. (Exact name of registrant as specified in its charter) Delaware 13-2592361 (State or other ...
AIG(AIG) - 2022 Q4 - Earnings Call Presentation
2023-02-16 18:44
Fourth Quarter and Full Year 2022 Financial Results Presentation February 16, 2023 Copyright ® 2023 by American International Group, Inc. All rights reserved. No part of this document may be reproduced, republished or reposted without the permission of AIG. Certain statements in this presentation and other publicly available documents may include, and members of AIG management mayfrom time to time make and discuss, Cautionary Statement statements which, to the extent they are not statements of historical or ...
AIG(AIG) - 2022 Q4 - Earnings Call Transcript
2023-02-16 17:22
American International Group, Inc. (NYSE:AIG) Q4 2022 Earnings Conference Call February 16, 2023 8:30 AM ET Company Participants Quentin McMillan – Vice President, Managing Director and Head-Investor Relations Peter Zaffino – Chairman and Chief Executive Officer Sabra Purtill – Executive Vice President and Interim Chief Financial Officer David McElroy – Executive Vice President and Chief Executive Officer-General Insurance Conference Call Participants Elyse Greenspan – Wells Fargo Paul Newsome – Piper Sandl ...
AIG(AIG) - 2022 Q4 - Annual Report
2023-02-16 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 —————————— FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-8787 American International Group, Inc. (Exact name of registrant as specified in its charter) Delaware 13-2592361 (State or other juri ...