NEW YORK--(BUSINESS WIRE)--Jan. 12, 2017--
American International Group, Inc. (NYSE:AIG) will report financial
results for the fourth quarter ended December 31, 2016, after the market
closes on Tuesday, February 14, 2017. AIG’s press release and financial
supplement will be available in the Investor Relations section of AIG’s
website at http://www.aig.com.
AIG will also host a conference call on Wednesday, February 15, 2017, at
8:00 a.m. ET to review these results. The call is open to the public and
can be accessed via a live, listen-only webcast available in the
Investor Relations section of http://www.aig.com.
A replay will be available after the call at the same location.
Beginning with the fourth quarter of 2016, AIG will no longer present
the workers’ compensation discount adjustment as part of our non-GAAP
operating income. The workers’ compensation discount adjustments have
historically been presented in operating income, while offsetting
changes in the fair value of the securities backing these liabilities
are recorded in accumulated other comprehensive income resulting in
minimal impact to reported book value. Historical results will be
revised to conform to the current period presentation. The presentation
of normalized earnings and normalized return on equity (ROE) has
historically excluded the impact of the workers’ compensation discount
adjustment. We believe this change in presentation will result in a
consistent presentation of results with reserve liabilities that are not
discounted.
American International Group, Inc. (AIG) is a leading global insurance
organization. Founded in 1919, today AIG member companies provide a wide
range of property casualty insurance, life insurance, retirement
products and other financial services to customers in more than 100
countries and jurisdictions. These diverse offerings include products
and services that help businesses and individuals protect their assets,
manage risks and provide for retirement security. AIG common stock is
listed on the New York Stock Exchange and the Tokyo Stock Exchange.
Additional information about AIG can be found at www.aig.com
and www.aig.com/strategyupdate
| YouTube: www.youtube.com/aig
| Twitter: @AIGinsurance | LinkedIn: http://www.linkedin.com/company/aig.
These references with additional information about AIG have been
provided as a convenience, and the information contained on such
websites is not incorporated by reference into this press release.
AIG is the marketing name for the worldwide property-casualty, life and
retirement, and general insurance operations of American International
Group, Inc. For additional information, please visit our website at www.aig.com.
All products and services are written or provided by subsidiaries or
affiliates of American International Group, Inc. Products or services
may not be available in all countries, and coverage is subject to actual
policy language. Non-insurance products and services may be provided by
independent third parties. Certain property-casualty coverages may be
provided by a surplus lines insurer. Surplus lines insurers do not
generally participate in state guaranty funds, and insureds are
therefore not protected by such funds.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170112006052/en/
Source: American International Group, Inc.
AIG
Investors:
Liz Werner, 212-770-7074
elizabeth.werner@aig.com
or
Media:
Jennifer
Hendricks Sullivan, 212-770-3141
jennifer.sullivan@aig.com