AIG repositioned its portfolio by divesting Validus Reinsurance, Ltd. (Validus Re) and Crop Risk Services, Inc. (CRS), and transferring Private Client Select to an independent Managing General Agent platform. These actions streamline AIG's focus and potentially improve profitability.

AIG debuted AIG Next, creating a leaner future-state business model and establishing enterprise-wide standards to drive better outcomes for all stakeholders. This initiative suggests a focus on operational efficiency and strategic alignment.

Corebridge closed the sale of Laya Healthcare Limited (Laya) for €691 million ($731 million) and announced the sale of AIG Life Limited (AIG Life) for £460 million. These transactions indicate a strategic focus on streamlining operations and focusing on core competencies.

General Insurance achieved a combined ratio of 90.6 in 2023, with a sub-100 ratio in every quarter. This demonstrates consistent underwriting discipline and operational efficiency.

AIG reports approximately $45 billion in shareholders' equity and AIG Parent liquidity sources of $12.1 billion as of December 31, 2023. This indicates a strong financial foundation for future growth and stability.

AIG increased quarterly common stock dividend payments by 12.5 percent to $0.36 per share during the second quarter of 2023. This signals confidence in the company's financial health and ability to generate sustainable returns for shareholders.

The 10-K highlights that climate change, indicated by higher concentrations of greenhouse gases, a warming atmosphere and ocean, wildfires, diminished snow and ice, and a rise in sea levels, appears to have contributed to an increase in the frequency and severity of natural disasters and the creation of uncertainty as to future trends and exposures.

The filing states that AIG's businesses are heavily regulated and changes in laws and regulations may affect operations, increase insurance subsidiary capital requirements or reduce profitability. New laws and regulations or new interpretations of current laws and regulations, both domestically and internationally, may affect businesses, results of operations, financial condition and ability to compete effectively.

The filing indicates that AIG is exposed to certain risks if it is unable to maintain the availability of its critical technology systems and data and safeguard the confidentiality and integrity of its data, which could compromise its ability to conduct business and adversely affect consolidated business, results of operations, financial condition and liquidity.

The 10-K states that AIG is building on its industry leadership and is positioned to become a top-performing company recognized for the value it provides stakeholders in an environment of profound, complex and dynamic risk. This suggests a focus on maintaining and enhancing its competitive advantages.

AIG highlights its world-class insurance franchises that are among the leaders in their geographies and segments, providing differentiated service and expertise. This indicates a strong competitive position in key markets.

AIG mentions its broad and long-standing distribution relationships with brokers, agents, advisors, banks and other distributors strengthened through AIG's dedication to quality. This suggests a strong network for reaching customers and maintaining market presence.

The 10-K states that AIG is creating value through profitable growth and a culture of underwriting and operational excellence. This suggests a focus on improving efficiency and reducing costs.

The filing notes that AIG's restructuring initiatives may not yield expected reductions in expenses and improvements in operational and organizational efficiency. This indicates potential challenges in achieving planned cost savings and efficiency gains.

AIG debuted AIG Next, creating a leaner future-state business model and establishing enterprise-wide standards to drive better outcomes for all stakeholders. This initiative suggests a focus on streamlining operations and improving efficiency.

The 10-K states that enterprise risk management includes technology risk management. This highlights the importance of technology and its potential impact on the company's risk profile.

The filing states that AIG faces intense competition in each of its business lines, and technological changes may present new and intensified challenges to its businesses. This highlights the need for ongoing investment in and adaptation to technological advancements.

The 10-K states that the NAIC and certain U.S. states have adopted or are considering regulations and guidance relating to the use of "big data," Al, machine learning and other technology innovations in the insurance marketplace. This suggests that AIG is monitoring and adapting to regulatory changes related to these technologies.

AIG repurchased $3.0 billion of its common stock and paid $1.0 billion of dividends, demonstrating a commitment to returning capital to shareholders.

As a holding company with no significant business operations of its own, AIG Parent depends on dividends from its subsidiaries to meet its obligations. This highlights the importance of subsidiary performance and regulatory restrictions on dividend payments.

As part of their regulatory oversight processes, insurance regulators conduct periodic examinations of our (re)insurance subsidiaries. Such examinations can cover a broad scope of the (re)insurance subsidiary's operations, including the financial strength of the (re)insurance subsidiary; sales, marketing and claims handling practices; risk management; capital and liquidity management; and information technology operations (including emerging technology risks).

The 10-K states that increasing scrutiny and evolving expectations from investors, customers, regulators, policymakers and other stakeholders regarding environmental, social and governance matters, including governmental responses to such matters, may adversely affect reputation or otherwise adversely impact business and results of operations.

The filing indicates that climate change presents significant financial implications for AIG in areas such as underwriting, claims and investments, as well as risk capacity, financial reserving and operations. It also mentions the SEC proposed rule changes on climate-related disclosure.

AIG's five Values guide our actions: Take ownership, Set the standard, Win together, Be an ally, Do what's right. This indicates a commitment to ethical and responsible behavior.

The filing states that deterioration of economic conditions, geopolitical tensions, changes in market conditions or weakening in global capital markets may materially affect AIG's businesses, results of operations, financial condition and liquidity.

Changes in interest rates have materially and adversely affected and may continue to materially and adversely affect profitability. This highlights the sensitivity of AIG's business to interest rate fluctuations.

AIG is subject to various laws and regulations that require financial institutions and other businesses to protect personal and other sensitive information and provide notice of their practices relating to the collection, disclosure and other processing of personal information. This highlights the importance of data security and compliance with privacy regulations.