American International Group (AIG) Proxy Filing summary

Executive summary

• Achieved unprecedented improvement in underwriting profitability and multi-year reduction in loss and expense ratios since 2021.

• Stock price increased 80% since CEO appointment and 161% since CEO announcement, outperforming the S&P 500.

• Completed strategic initiatives, including the deconsolidation of Corebridge Financial and divestiture of non-core businesses, unlocking significant shareholder value.

• Returned $8.1 billion to shareholders in 2024 through share repurchases, dividends, and preferred redemptions.

• Launched a GenAI large language model solution to accelerate growth.

Voting matters and shareholder proposals

• Conducted robust year-round shareholder engagement, reaching out to investors representing 70% of shares outstanding.

• Incorporated shareholder feedback by simplifying incentive plan design and increasing transparency.

• General support for CEO leadership, pay mix, and use of special awards when rationale is clear.

Board of directors and corporate governance

• Lead Independent Director participated in meetings with investors owning 28% of shares.

• Compensation and Management Resources Committee (CMRC) maintains a rigorous, data-driven compensation decision process.