American International Group, Inc. (NYSE:AIG) Q4 2023 Earnings Conference Call February 14, 2024 8:30 AM ET

Company Participants

Quentin McMillan - Vice President, Managing Director and Head of Investor Relations

Peter Zaffino - Chairman & Chief Executive Officer

Sabra Purtill - Executive Vice President & Chief Financial Officer

David McElroy - Executive Vice President & Chief Executive Officer, General Insurance

Conference Call Participants

Michael Zaremski - BMO

Meyer Shields - KBW

Elyse Greenspan - Wells Fargo

Michael Ward - Citigroup

Brian Meredith - UBS

Operator

Good day, and welcome to AIG's Fourth Quarter 2023 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 applicable securities laws, AIG is under no obligation to update any forward-looking statements, circumstances or management estimates or opinions should change.

Today's remarks may also 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 aig.com. Additionally, note that today's remarks will include results of AIG's Life & Retirement segment and other operations on the same basis as prior quarters, which is how we expect to continue to report until the deconsolidation of Corebridge Financial. AIG's segments and U.S. GAAP financial results, as well as AIG's key financial metrics with respect thereto differ from those reported by Corebridge Financial. Corebridge Financial will host its earnings call on Thursday, February 15th.

Finally, today's remarks, as they relate to net premiums written in general insurance, are presented on a comparable basis, which reflects year-over-year comparison on a constant dollar basis, adjusted for the international lag elimination, the sale of Crop Risk Services, and the sale of Validus Re. Please refer to the footnote on Page 26 of the fourth quarter financial supplement for prior period results for the Crop business and Validus RE.

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