American International Group, Inc. New · NYSE:AIG
American International Group, Inc. New — American International Group — Investor Presentation (September 2013)
16 slides from American International Group, Inc. New's investor presentation, Sep 6, 2013
Slide 1: AIG Life and Retirement
American International Group, Inc. AIG Life and Retirement Jay. S Wintrob, President and CEO September 6, 2013
Slide 2: Cautionary Statement Regarding Projections and Other Information About Future Events
Cautionary Statement Regarding Projections and Other Information About Future Events This document and the remarks made within this presentation may include, and officers and representatives of American International Group, Inc. (AIG) may from time to time make, projections, goals, assumptions and s
Slide 3: AIG Life and Retirement – Operating from a Position of Strength
AIG Life and Retirement – Operating from a Position of Strength Long standing leading market positions and customer brands Market Leader Scale advantage in key product lines Product Diversity Comprehensive portfolio of life insurance, A&H, annuity, group retirement, & Capacity for group benefi
Slide 4: Financial Highlights
AIG Life and Retirement – Financial Highlights Full Year Six Months 2013 ($ in billions) 2010 2011 2012 Premiums and deposits (1) $19.5 $24.4 $21.0 $12.3 Net investment income 10.8 9.9 10.7 5.5 Operating income (2) 4.1 3.3 4.2 2.5 Cash & invested assets (3) 183.8 194.2 205.3 196.8 Assets under manag
Slide 5: Diversified Business Mix
AIG Life and Retirement – Diversified Business Mix 2012 Premiums and Deposits - $21.0 billion(1) 2012 Operating Income - $4.2 billion(2) Retail: 59% Institutional: 41% Retail: 59% Institutional: 41% Life Insurance Life Insurance and A&H Group and A&H Group 16% Retirement 16% Retirement 34% 28% Fixed
Slide 6: Assets Under Management
AIG Life and Retirement – Assets Under Management Year-over-year growth in AUM reflects strong sales generated by our realigned distribution system, equity market performance and Institutional business asset gathering strategies. Assets Under Management - $293.7 billion at June 30, 2013 Retirement I
Slide 7: Powerful Brands and Market Position
AIG Life and Retirement – Powerful Brands and Market Position Market Positions Excellence in Service, Marketing and Technology #3 in Total Annuity Sales Market Tools International MarCom Awards 2012 Achievement in Customer 2012 Platinum and Gold Awards Excellence (ACE award for 6th (23 in total) #1
Slide 8: Broad Multichannel Distribution Network
AIG Life and Retirement – Broad Multichannel Distribution Network 2012 Sales by Channel Diversified Distribution Network Affiliated: 43% Non-affiliated: 57% VALIC financial advisors Affiliated AGLA agents B-Ds 29% VALIC FAs 33% Advisor Group AIG Direct Direct & Other Broker-dealers 3% Non-affiliated
Slide 9: Variable Annuities
AIG Life and Retirement – Variable Annuities Changing competitive environment offers a unique opportunity. Variable Annuity “Non-Captive” Industry Sales(1) ($ millions) YTD 2Q 2013 FY 2012 FY 2011 FY 2010 FY 2009 Rank Sales Share Rank Sales Share Rank Sales Share Rank Sales Share Rank Sales Share Ja
Slide 10: Investment Composition & Ratings
AIG Life and Retirement – Investment Composition & Ratings Total Cash & Invested Assets as of June 30, 2013 - $196.8 billion(1) Total Portfolio Composition Bond Portfolio - $157.3 billion - by Agency Credit Rating CMBS 4% CDO/ABS BB RMBS 5% 4% 12% BBB 41% B Other invested assets 2% 6% <B Cash and sh
Slide 11: Net Investment Spread Management
AIG Life and Retirement – Net Investment Spread Management Base Yields(1) 5.50% 5.50% 5.38% 5.33% 5.35% 5.26% 5.30% 5.31% 5.12% 5.25% 5.12% 5.10% 5.19% 5.23% 5.14% 5.01% 4.95% 4.85% 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 Cost of Funds(2) 3.28% 3.27% 3.26% 3.26% 3.10% 3.06% 3.13% 3.13% 3.15% 3.14% 2.91% 2.89%
Slide 12: Appendix
Appendix AIG
Slide 13: AIG Consolidated Financial Highlights
AIG Consolidated Financial Highlights Six Months Inc. ($ in millions, except per share amounts) 2012 2013 (Dec.) Revenues $33,718 $33,203 (2%) Net income attributable to AIG 5,540 4,937 (11%) After-tax operating income attributable to AIG $4,724 $3,637 (23%) Diluted earnings per common share: Income
Slide 14: Non-GAAP Reconciliation – AIG Life and Retirement Pre-tax Operating Income & Premiums and Deposits
Non-GAAP Reconciliation – AIG Life and Retirement Pre-tax Operating Income & Premiums and Deposits Pre-tax Operating Income Full Year Six Months ($ in millions) 2010 2011 2012 2013 Income from continuing operations, before tax $ 2,701 $ 2,956 $ 3,780 $ 3,289 Adjustments to arrive at operating income
Slide 15: Non-GAAP Reconciliation – After-tax operating income & BVPS ex. AOCI
Non-GAAP Reconciliation – After-tax operating income & BVPS ex. AOCI After-tax operating income attributable to AIG Six Months ($ in millions) 2012 2013 Net income attributable to AIG $5,540 $4,937 Income from discontinued operations, net of income tax expense (243) (126) Net losses on sale of dives
Slide 16: AIG – Bring on tomorrow
AIG Bring on tomorrow
American International Group — Investor Presentation (September 2013) on 6ix