NEW YORK--(EON: Enhanced Online News)--American International Group, Inc. (NYSE:AIG) will report financial results for the fourth quarter ended December 31, 2016, after the market closes on Tuesday, February 14, 2017. AIG’s press release and financial supplement will be available in the Investor Relations section of AIG’s website at http://www.aig.com.
AIG will also host a conference call on Wednesday, February 15, 2017, at 8:00 a.m. ET to review these results. The call is open to the public and can be accessed via a live, listen-only webcast available in the Investor Relations section of http://www.aig.com. A replay will be available after the call at the same location.
Beginning with the fourth quarter of 2016, AIG will no longer present the workers’ compensation discount adjustment as part of our non-GAAP operating income. The workers’ compensation discount adjustments have historically been presented in operating income, while offsetting changes in the fair value of the securities backing these liabilities are recorded in accumulated other comprehensive income resulting in minimal impact to reported book value. Historical results will be revised to conform to the current period presentation. The presentation of normalized earnings and normalized return on equity (ROE) has historically excluded the impact of the workers’ compensation discount adjustment. We believe this change in presentation will result in a consistent presentation of results with reserve liabilities that are not discounted.
American International Group, Inc. (AIG) is a leading global insurance organization. Founded in 1919, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement products and other financial services to customers in more than 100 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.
Additional information about AIG can be found at www.aig.com and www.aig.com/strategyupdate | YouTube: www.youtube.com/aig | Twitter: @AIGinsurance | LinkedIn: http://www.linkedin.com/company/aig. These references with additional information about AIG have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.
AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc. For additional information, please visit our website at www.aig.com. All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries, and coverage is subject to actual policy language. Non-insurance products and services may be provided by independent third parties. Certain property-casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.