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CLAIM #4738 · American International Group Inc (AIG) · 2025Q2 earnings call · Aug 7, 2025 · due Dec 31, 2025

We are tempering our growth there because I don't know what happens to the rest of the year with CAT and it's just something we want to be cautious with, but we still want to retain the business.

Peter Zaffino · CEO

PENDING
graded after results covering Dec 31, 2025 are reported

In context

sk-adjusted reductions that are at or greater than what we're pricing our original policies, that's a benefit. So there's no headwind there. But if you're funding it net, your AALs are still the same. So you have to take a look at your attritionals a little bit sharper, I believe, because the overall pricing is going down, if you don't have the commensurate rates going down on your catastrophe, that's a headwind. We don't have that. And so that's what I was just trying to unpack in sort of the different components of property. Now look, the combined ratio could go up a bit. We have great combined ratios. I've given some clarity at Investor Day and prior quarters that we posted in many of our businesses in the 70s combined ratio. So if it goes into the low 80s, it's still a great business. We are tempering our growth there because I don't know what happens to the rest of the year with CAT and it's just something we want to be cautious with, but we still want to retain the business. We still want to price it appropriately and believe that we can have very strong returns in the current environment as I look to 2025. Taylor Alexander Scott: Yes. That's helpful. Second one I had is sort of a follow-up on what I mentioned on growth. I mean, if the growth environment turns out to not be quite as good as expected, what will you do with the capital situation you have? Because I see premium to equity, I think it's a little below like 70%. I think that's the lowest in the peer group I look at, and that sort of not even that heavily influenced by the Corebridge proceeds when you have the holdco. So what will you do in the event that the growth outlook doesn't end up being what you had hoped for what you outlined at the Investor Day. How quickly would you take action to try to

Verify independently

SEC filings for AIG · Claim quote is verbatim from the 2025Q2 earnings call.