The company repurchased approximately 29 million shares of AIG Common Stock for an aggregate purchase price of approximately $2.2 billion during the three months ended March 31, 2025. This indicates a continued commitment to returning capital to shareholders.

Effective April 1, 2025, the Board of Directors authorized the repurchase of $7.5 billion of AIG Common Stock (inclusive of the approximately $3.4 billion remaining under the Board's prior share repurchase authorization). This indicates continued confidence in the company's financial position and future prospects.

On May 1, 2025, our Board of Directors declared a cash dividend on AIG Common Stock of $0.45 per share, a 12.5 percent increase from prior quarterly dividends on AIG Common Stock, payable on June 27, 2025 to shareholders of record on June 13, 2025. This indicates increased confidence in the company's financial performance and future prospects.

General operating expenses decreased from $1,238 million to $1,115 million year-over-year, a decrease of $123 million or 10%. This indicates improved operational efficiency.

The company is continuing to manage its capital effectively, as evidenced by the share repurchase program and dividend increases. This indicates a commitment to returning capital to shareholders.

AIG continues to simplify its organization, as evidenced by the decrease in general operating expenses and the deconsolidation of Corebridge. This indicates a commitment to improving efficiency and reducing costs.

Underwriting income decreased primarily due to higher catastrophe losses of $419 million. This indicates a vulnerability to large-scale events.

Changes in market conditions, including changes in interest rates, impacted the unrealized tax gains and losses in the available for sale securities portfolios. This indicates a vulnerability to market fluctuations.

The insurance and financial services industries are generally subject to close regulatory scrutiny and supervision. This indicates a potential for regulatory action and associated costs.

Net premiums written decreased slightly, indicating a stable but not growing market share. The company faces stiff competition and must innovate to gain market share.

The company acknowledges operating in a highly competitive industry against global, national and local insurers and reinsurers. This highlights the need for AIG to differentiate itself through expertise, service, and value.

AIG is focused on targeted growth through continued underwriting discipline, improved retentions and new business development. This indicates a proactive approach to maintaining and improving its competitive position.

General operating expenses decreased from $1,238 million to $1,115 million, indicating improved operational efficiency and cost management.

AIG is focused on expense reduction efforts, as evidenced by the decrease in general operating expenses. This indicates a commitment to improving profitability through cost control.

The company is simplifying its organization, as evidenced by the decrease in general operating expenses and the deconsolidation of Corebridge. This indicates a commitment to improving efficiency and reducing costs.

AIG is implementing technological advancements, including the use of artificial intelligence (AI), and respond to competitors' AI and other technology initiatives. This indicates a commitment to innovation and technology.

AIG is focused on cybersecurity and data protection, as evidenced by the mention of disruptions in the availability or accessibility of our or a third party's information technology systems, including hardware and software, infrastructure or networks, and the inability to safeguard the confidentiality and integrity of customer, employee or company data due to cyberattacks, data security breaches or infrastructure vulnerabilities. This indicates a commitment to protecting its data and systems.

AIG is focused on data protection, as evidenced by the mention of the effects of changes in laws and regulations, including those relating to privacy, data protection, cybersecurity and AI, and the regulation of insurance, in the U.S. and other countries in which we operate. This indicates a commitment to protecting its data and systems.

AIG is returning capital to shareholders through share repurchases and dividend increases. This indicates a commitment to returning value to shareholders.

AIG is deploying capital efficiently to act opportunistically and achieve growth in profitable lines, geographies and customer segments. This indicates a commitment to maximizing shareholder value.

AIG is managing its debt effectively, as evidenced by the repayment of debt and the reduction in interest expense. This indicates a commitment to maintaining a strong financial position.

AIG is addressing evolving global stakeholder expectations and regulatory requirements including with respect to environmental, social and governance matters. This indicates a commitment to ESG principles.

AIG is focused on effectively execute on sustainability targets and standards. This indicates a commitment to ESG principles.

AIG employs a Three Lines model. AIG's business leaders assume full accountability for the risks and controls in their segments, and ERM performs a review, challenge and oversight function. The third line consists of our Internal Audit Group that provides independent assurance to AIG's Board of Directors. This indicates a commitment to strong corporate governance.

AIG is subject to the impact of adverse developments affecting economic conditions in the markets in which we operate in the U.S. and globally, including financial market conditions, macroeconomic trends, changes in trade policies, including tariffs, fluctuations in interest rates and foreign currency exchange rates, inflationary pressures, including social inflation, pressures on the commercial real estate market, and geopolitical events or conflicts. This indicates a vulnerability to economic downturns.

AIG is subject to the occurrence of catastrophic events, both natural and man-made, which may be exacerbated by the effects of climate change. This indicates a vulnerability to large-scale events.

AIG is subject to the effects of changes in laws and regulations, including those relating to privacy, data protection, cybersecurity and AI, and the regulation of insurance, in the U.S. and other countries in which we operate. This indicates a potential for regulatory action and associated costs.