“Over time, we expect the yield uplift from net investment income could add 1 to 2 points to ROCE.”

In context

“r greater return on capital employed. They are: underwriting profitability; leaner operating model; separation of the Life and Retirement business; and capital management. 2 points of improvement in combined ratio or $500 million of expense savings or $5 billion in share repurchases approximate to 1 point improvement in ROCE. We expect to achieve expense savings from multiple areas, including: the remaining $350 million of savings yet to be realized from AIG 200; roughly $300 million of corporate GOE and approximately $400 million of interest expense that will be transferred to Corebridge; an additional expense savings as we transition AIG to a leaner operating model. Additionally, we've seen a 26 basis point yield uplift in the fixed maturity and loan portfolios in the past 2 quarters. Over time, we expect the yield uplift from net investment income could add 1 to 2 points to ROCE. We are confident about delivering on our 10% plus ROCE commitment, and we will continue to execute on a prudent capital management strategy, which will reduce the share count to 600 million to 650 million range while maintaining leverage at the 20% to 25% level post deconsolidation. With that, I will turn the call back over to you, Peter. Peter Zaffino;Chairman and CEO: Thank you, Shane. And operator, we're ready for questions. Operator: [Operator Instructions] Our first question will come from Elyse Greenspan with Wells Fargo. [Operator Instructions] Peter Zaffino;Chairman and CEO: Operator, maybe we'll go to the next one in the queue, and then we'll come back to Elyse. Operator: So our next question comes from John Heagney from Dowling & Partners. [Operator Instructions] Peter”