American International Group, Inc. (AIG) Q3 2022 Earnings Call Transcript

American International Group, Inc. (NYSE:AIG) Q3 2022 Earnings Conference Call November 2, 2022 8:30 AM ET

Company Participants

Quentin McMillan - IR

Peter Zaffino - Chairman and CEO

Shane Fitzsimons - CFO

Mark Lyons - Global Chief Actuary and Head, Portfolio Management

David McElroy - EVP and Chief Executive Officer, AIG General Insurance

Conference Call Participants

J Paul Newsome - Piper Sandler

Meyer Shields - KBW

Elyse Greenspan - Wells Fargo

Brian Meredith - UBS

Alexander Scott - Goldman Sachs

Operator

Good day, and welcome to AIG's Third Quarter 2022 Financial Results Conference Call. This conference is being recorded.

Now at this time, I would like to turn the conference over to Quentin McMillan. Please go ahead.

Quentin McMillan

Thanks very much, and good morning. Today's remarks may include forward-looking statements, which are subject to risks and uncertainties. These statements are not guarantees of future performance or events and are based on management's current expectations. AIG's filings with the SEC, provide details on important factors, that could cause actual results or events to differ materially. Except as required by the applicable securities laws, AIG is under no obligation to update any forward-looking statements if circumstances or management's estimates or opinions should change.

Additionally, today's remarks may refer to non-GAAP financial measures. The reconciliation of such measures to the most comparable GAAP figures is included in our earnings release, financial supplement and earnings presentation, all of which are available on our website at www.aig.com.

Finally, today's remarks will include a discussion of the financial results of AIG's Life and Retirement segment and other operations on the same basis as prior quarters, which is how we expect to continue to report Life and Retirement and other operations until the deconsolidation of corporate financial.

AIGs segments and U.S. GAAP financial results as well as AIGs key financial metrics with respect there to differ from those reported by Corebridge Financial. As such, we will be intentional when referring to AIGs Life and Retirement segment versus Corebridge Financial, when commenting on financial results.

Corebridge Financial will host its first earnings call post IPO next week on November 9, and its management team will provide additional details on the Corebridge Financial third quarter results.

With that, I'd now like to turn the call over to our Chairman and CEO, Peter Zaffino.

Peter Zaffino

Thank you, Quentin. Good morning and thank you for joining us today to review our third quarter financial results, which I'm pleased to report were very strong, along with the excellent progress we've made on our strategic priorities. Following my remarks, Shane will provide more detail on the third quarter financial results, and then we'll take questions. Kevin Hogan, David McElroy, and Mark Lyons will join us for the Q&A portion of today's call.