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Creating a Leaner, More Profitable and Focused Insurer

On January 26, AIG’s Board of Directors and management announced a series of strategic actions, organizational changes, and operating improvements to create a leaner, more profitable and focused insurer.

Highlights of the plan include the return of at least $25 billion of capital to shareholders over the next two years, the IPO of up to 19.9% of United Guaranty Corporation in mid-2016 as a first step towards a full separation, and the sale of AIG Advisor Group to Lightyear Capital LLC and PSP Investments.

The Board approved a number of organizational changes, including the creation of nine “modular” business units, each with its own specific financial metrics, and a new “legacy” portfolio to hold non-strategic assets.

In operational actions, AIG also announced targeted expense reductions of $1.6 billion within two years, a target of improving the Commercial P&C accident year loss ratio by six percentage points, and a consolidated ROE target of ~9% by 2017, reflecting 10.3% to 10.7% in the operating portfolio.

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Investor Communications

Click to download the latest press releases, investor presentations and other shareholder communications.

Message from Management

To hear more about AIG’s strategy from CEO Peter Hancock, follow him on LinkedIn.

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Sid Sankaran's Bio

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Robert Schimek's Bio

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Kevin Hogan's Bio

News Center

AIG continues to take steps to narrow its focus, improve its financial performance, and return capital to shareholders. Check here for relevant news stories.

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Corporate Governance

For background information on AIG’s Board of Directors, please click here.

 

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