American International Group, Inc. New · NYSE:AIG
American International Group, Inc. New — American International Group — Investor Presentation (December 2013)
16 slides from American International Group, Inc. New's investor presentation, Dec 11, 2013
Slide 1: AIG Life and Retirement
American International Group, Inc. AIG Life and Retirement Jay S. Wintrob, President and CEO December 11, 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 Market Leader Scale advantage in key product lines Product Diversity Comprehensive portfolio of life insurance, A&H, annuity, group retirement, & Capacity for group benefits, institutional pr
Slide 4: AIG Life and Retirement – Financial Highlights
AIG Life and Retirement – Financial Highlights Full Year Nine Months ($ in billions) 2010 2011 2012 2012 2013 Premiums and deposits (1) $19.5 $24.4 $21.0 $15.8 $20.8 Net investment income 10.8 9.9 10.7 8.0 8.0 Pre-tax operating income (2) 4.1 3.3 4.2 3.1 3.7 Cash & invested assets (3) 183.8 194.2 20
Slide 5: AIG Life and Retirement – Diversified Business Mix
AIG Life and Retirement – Diversified Business Mix Nine Months 2013 Nine Months 2013 Premiums and Deposits - $20.8 billion(1) Pre-tax Operating Income - $3.7 billion(2) Retail: 69% Institutional: 31% Retail: 63% Institutional: 37% Life Insurance Life Insurance and A&H Group and A&H Group 12% Retirem
Slide 6: AIG Life and Retirement – Assets Under Management
AIG Life and Retirement – Assets Under Management Year-over-year growth in AUM reflects strong sales generated by robust demand for our retail products, equity market performance and continued execution of our Institutional growth strategies. Assets Under Management - $304.4 billion at September 30,
Slide 7: AIG Life and Retirement – Leading Market Positions
AIG Life and Retirement – Leading Market Positions Market Positions Excellence in Service, Marketing and Technology Market Tools International MarCom Rank* 2013 Achievement in Awards Metric Customer Excellence 2012 and 2013 Platinum 9M’13 FY’12 (ACE award for 7th and Gold Awards Consecutive Year) (4
Slide 8: Broad Multichannel Distribution Network
AIG Life and Retirement – Broad Multichannel Distribution Network Sales by Channel – Last Twelve Months* Diversified Distribution Network Affiliated: 38% Non-affiliated: 62% VALIC career financial advisors Affiliated Career agents VALIC FAs 29% Advisor Group B-Ds 34% Matrix Direct Direct & Other 2%
Slide 9: AIG Life and Retirement – Variable Annuities
AIG Life and Retirement – Variable Annuities Changing competitive environment offers a unique opportunity. Variable Annuity “Non-Captive” Industry Sales(1) ($ millions) Nine Months 2013 FY 2012 FY 2011 FY 2010 FY 2009 Rank Sales Share Rank Sales Share Rank Sales Share Rank Sales Share Rank Sales Sha
Slide 10: AIG Life and Retirement – Investment Composition & Credit Quality
AIG Life and Retirement – Investment Composition & Credit Quality (As of September 30, 2013) Total Cash & Invested Assets - $196.3 billion(1) Bond Portfolio - $156.1 billion - by NAIC Designation(2)(3) CMBS RMBS 5% 12% CDO/ABS 5% Other invested assets NAIC 2 6% 40% Loans NAIC 1 Corporate debt 9% 53%
Slide 11: AIG Life and Retirement – Net Investment Spread Management
AIG Life and Retirement – Net Investment Spread Management Base Yields(1) 5.50% 5.50% 5.38% 5.33% 5.35% 5.26% 5.30% 5.26% 5.31% 5.25% 5.12% 5.12% 5.10% 5.17% 5.19% 5.23% 5.14% 5.08% 5.01% 4.95% 4.85% 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 Cost of Funds(2) 3.28% 3.27% 3.26% 3.26% 3.10% 3.08% 3.06% 3.13%
Slide 12: Appendix
Appendix AIG
Slide 13: AIG Consolidated Financial Highlights
AIG Consolidated Financial Highlights Nine Months Inc. ($ in millions, except per share amounts) 2012 2013 (Dec.) Revenues $50,440 $48,029 (5%) Net income attributable to AIG 7,396 7,107 (4%) After-tax operating income attributable to AIG $6,345 $5,058 (20%) Diluted earnings per common share: Income
Slide 14: Non-GAAP Reconciliation – AIG Life and Retirement Pre-Tax Operating Income & Premiums and Deposits
Non-GAAP Reconciliation – AIG Life and Retirement Pre-Tax Operating Income & Premiums and Deposits AIG Life and Retirement Full Year Nine Months ($ in millions) 2010 2011 2012 2012 2013 Income from continuing operations, before tax $ 2,701 $ 2,956 $ 3,780 $ 2,528 $ 4,530 Adjustments to arrive at pre
Slide 15: Non-GAAP Reconciliation – After-tax Operating Income & Book Value Per Share Ex. AOCI
Non-GAAP Reconciliation – After-tax Operating Income & Book Value Per Share Ex. AOCI After-tax Operating Income Nine Months ($ in millions) 2012 2013 Net income attributable to AIG $7,396 $7,107 Income from discontinued operations, net of income tax expense (280) (84) Net losses on sale of divested
Slide 16: AIG – Bring on tomorrow
AIG Bring on tomorrow
American International Group — Investor Presentation (December 2013) on 6ix