American International Group, Inc. New · NYSE:AIG
American International Group, Inc. New — American International Group — Investor Presentation (June 2013)
20 slides from American International Group, Inc. New's investor presentation, Jun 7, 2013
Slide 1: American International Group, Inc. – AIG Life and Retirement
American International Group, Inc. AIG Life and Retirement Jay S. Wintrob, President and CEO June 7, 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 Comprehensive portfolio of life insurance, A&H, annuity, mutual fund, Product Diversity group retirement, group benefit
Slide 4: AIG Life and Retirement – Financial Highlights
AIG Life and Retirement – Financial Highlights First Full Year Quarter ($ in billions) 2010 2011 2012 2013 Premiums and deposits (1) $19.5 $24.4 $21.0 $5.6 Net investment income 10.8 9.9 10.7 2.9 Operating income (2) 4.1 3.3 4.2 1.4 Cash & invested assets 183.8 194.2 205.3 204.1 Assets under managem
Slide 5: Revised Segment Structure
AIG Life and Retirement – Revised Segment Structure The chart below shows the products under the previous operating segments and their mapping to the new operating segments. New Operating Retail Institutional Segments Life Insurance Retirement Income Institutional Businesses Fixed Annuities Group Re
Slide 6: Diverse Business Mix
AIG Life and Retirement – Diverse Business Mix Life and Leading provider of individual term and universal life insurance Accident and Health Increasing focus on data driven pricing and risk segmentation Long-standing leading provider of deferred fixed annuity sales through banks Fixed Annuitie
Slide 7: Powerful Brands and Market Position
AIG Life and Retirement – Powerful Brands and Market Position Brands Leadership Position #6 in Term Life Sales #4 in Structured Settlement Sales #2 in K-12 403(b) Assets #3 in Total 403(b) Assets #1 in Fixed-Rate Deferred Annuity Sales #6 in Non-Captive Variable Annuity Sales Note: All rankings repr
Slide 8: Balanced Earnings Mix
AIG Life and Retirement – Balanced Earnings Mix 2012 Premiums and Deposits - $21.0 billion(1) 2012 Operating Income - $4.2 billion(1)(2) Retail: 59% Institutional: 41% Retail: 59% Institutional: 41% Life Insurance Life Insurance and A&H Group and A&H Group 16% Retirement 16% Retirement 34% 28% Fixed
Slide 9: Broad Multichannel Distribution Network
AIG Life and Retirement – Broad Multichannel Distribution Network 2012 Sales by Channel Diversified Distribution Network Affiliated: 43% Non-affiliated: 57% VALIC financial advisors Affiliated AGLA agents B-Ds 29% VALIC FAs 33% Advisor Group AIG Direct Direct & Other Broker-dealers 3% Non-affiliated
Slide 10: Variable Annuities
AIG Life and Retirement – Variable Annuities Changing competitive environment offers a unique opportunity. Variable Annuity “Non-Captive” Industry Sales(1) ($ millions) 1Q13 FY 2012 FY 2011 FY 2010 FY 2009 Rank Sales Share Rank Sales Share Rank Sales Share Rank Sales Share Rank Sales Share Jackson N
Slide 11: Risk Selection Center of Excellence
AIG Life and Retirement – Risk Selection Center of Excellence The Risk Selection Center of Excellence focuses on enhancing our ability to accurately assess mortality and morbidity risks through data driven analytics to improve profitability and achieve competitive advantage. Consolidating all Partne
Slide 12: Net Investment Spread Management
AIG Life and Retirement – Net Investment Spread Management Base Yields(1) 5.30% 5.31% 5.25% 5.26% 5.14% 5.12% 5.12% 5.10% 5.22% 5.24% 5.23% 5.19% 5.14% 5.01% 4.68% 4.95% 4.68% 4.85% 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 Cost of Funds(2) 3.57% 3.61% 3.54% 3.51% 3.28% 3.27% 3.26% 3.26% 3.10% 3.
Slide 13: Appendix
Appendix AIG
Slide 14: AIG Consolidated Financial Highlights
AIG Consolidated Financial Highlights First Quarter Inc. ($ in millions, except per share amounts) 2012 2013 (Dec.) Revenues $17,497 $15,888 (9%) Net income attributable to AIG 3,208 2,206 (31%) After-tax operating income attributable to AIG $3,046 $1,982 (35%) Diluted earnings per common share: Inc
Slide 15: AIG Consolidated After-tax Operating Income
AIG Consolidated After-tax Operating Income Operating results benefit from strong investment returns and modest catastrophe losses. First Quarter ($ in millions, except per share amounts) 2012 2013 Insurance operations AIG Property Casualty $1,043 $1,589 AIG Life and Retirement 1,311 1,394 Mortgage
Slide 16: AIG Life and Retirement – Financial Results
AIG Life and Retirement – Financial Results Results reflect active management of net investment spreads and strong alternative investment income. ($ in millions) 1Q12 1Q13 Premiums and deposits $5,560 $5,580 Operating income in 1Q13 reflects strong alternative investment income, active net investm
Slide 17: Retail & Institutional Results
AIG Life and Retirement – Retail & Institutional Results Retail Operating Income* Institutional Operating Income* ($ in millions) ($ in millions) 1,000 800 $821 800 $761 600 $573 $173 $550 $166 600 $213 $242 400 400 $380 $427 200 200 $325 $326 $213 $214 0 0 1Q12 1Q13 1Q12 1Q13 Life Insurance and A&H
Slide 18: Investments
AIG Life and Retirement – Investments Investment performance driven by strong alternative investment returns. Net investment income: First Quarter ($ in millions) 2012 2013 Inc./(Dec.) Interest and dividends $ 2,385 $ 2,307 (3%) Alternative investments 282 489 73% Change in fair value of Maiden Lane
Slide 19: Non-GAAP Reconciliation
Non-GAAP Reconciliation First Quarter ($ in millions) 2012 2013 Net income attributable to AIG $3,208 $2,206 Adjustments to arrive at After-tax operating income attributable to AIG (amounts net of tax): Income from discontinued operations (64) (93) Net loss on sale of divested businesses 2 - Legacy
Slide 20: AIG
AIG
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