AIG to Report Fourth Quarter 2016 Results on February 14, 2017
January 12 2017 - 4:33PM
Business Wire
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170112006052/en/
AIGInvestors:Liz Werner,
212-770-7074elizabeth.werner@aig.comorMedia:Jennifer Hendricks
Sullivan, 212-770-3141jennifer.sullivan@aig.com
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