“We are on our way to fully replacing Corebridge earnings by 2026 and we expect to achieve a 20%-plus earnings per share compound annual growth rate over the next three years.”

In context

“25 beyond the January wildfires, we could see demand surge, supply constraints and further inflation, which may also lead to extended business interruption. Lastly, insurance companies need to monitor the effects of sales, payroll and other factors to calculate the potential impact on future premiums, if any. We will continue to monitor the implications for our business as more information becomes available. Before I close, I want to touch on the financial targets that we announced on Investor Day. These are multi-year goals, so I'm not going to give updates every quarter, but I did want to provide some insight. Operating EPS is on track, and the key drivers for earnings growth remain favorable. We produced strong top-line growth and managed volatility in a very heavy catastrophe quarter. We are on our way to fully replacing Corebridge earnings by 2026 and we expect to achieve a 20%-plus earnings per share compound annual growth rate over the next three years. We continue to make progress towards our goal of achieving 10% to 13% core operating ROE. Our first quarter core operating ROE was 7.7%, which was impacted by catastrophe losses. We expect to meet our 2025 objective of a 10%-plus core operating ROE as we outlined on Investor Day. We've made terrific progress towards our goal of achieving an expense ratio below 30% for General Insurance with the first quarter coming in at 30.5%. We will continue our significant focus to maintain an expense structure that aligns with the size of the company that we are while investing in our data and digital strategies. And finally, turning to our dividend, we announced our intent at Investor Day to grow the dividend per share by 10%-plus in 2025 and 2026. Yesterday, the AIG Board of Directors approved a 12”