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AIG(AIG) - 2025 Q2 - Earnings Call Presentation

Financial Performance - AATI per diluted common share was $181, a 56% increase year-over-year[4, 5] - Outstanding underwriting income reached $626 million, a 46% increase from the prior year quarter[4] - Net Investment Income (NII) on an APTI basis was $955 million, up 9% year-over-year[4] - The calendar year combined ratio improved by 320 bps to 893%[4, 6, 14] Capital Management - $20 billion of capital was returned to shareholders in the second quarter, including $18 billion in stock repurchases and $254 million in dividends[4] - Aggregate share repurchases totaled $90 billion, representing 17% of shares outstanding on March 31, 2024[47, 49] - The company maintained a leverage guidance between 15-20%, with a 179% total debt to total capital leverage ratio[48] Segment Performance - General Insurance TTM NPW reached $239 billion[11] - North America Commercial Lines NPW increased 4% on a comparable basis[19] - International Commercial Lines NPW increased 1% from 2Q24, driven by Casualty and Global Specialty[21, 22] - Global Personal Insurance NPW declined 3% from 2Q24, primarily due to changes in reinsurance structures in the High Net Worth business[23, 24]