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CLAIM #4570 · American International Group Inc (AIG) · 2023Q3 earnings call · Nov 2, 2023 · due Dec 31, 2023

Certainly, we would like to do something in the fourth quarter.

Peter Zaffino · CEO

PENDING
graded after results covering Dec 31, 2023 are reported

In context

ne growth and continue to drive profit growth and more margin, and that is our primary focus. We've also given guidance in terms of the share count. And clearly, with the 7.5 billion of share authorization and now with the liquidity that we've outlined, we have a path towards that lower end of the 600 million. And so when we think about the next several quarters, certainly that's going to be the priority. Sabra and I alluded to the fact that we still want to clean up a little bit of debt and make sure that we're at the lower end of the ratios, but also reflecting that buying back shares is going to have an impact on your leverage and making certain that we are being thoughtful, prudent in getting ahead of that. In terms of the Corebridge sell-down, I mean we've been very methodical. Certainly, we would like to do something in the fourth quarter. We continue to look at all the different alternatives in terms of size and how we can do it. And it will be a priority for us to focus on when we conclude this call and start to focus into next week. I mean Corebridge has done a terrific job of setting itself up as a public company. And they're ready for deconsolidation in terms of their operations, but we want to make certain that we are very thoughtful in the current environment. And again, we'll use those proceeds to continue to accelerate what we've outlined on the capital management. I would expect, as we do a secondary and we get on future calls, we'll update and refresh some of the capital structure and also our guidance to see if we need to revise it. But I think that's probably all I can give you at this point. Taylor Scott:

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SEC filings for AIG · Claim quote is verbatim from the 2023Q3 earnings call.