Glossary and Acronyms of Selected Insurance Terms and References
Throughout this Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A), we use certain terms and abbreviations, which are summarized in the Glossary and Acronyms.
In this Quarterly Report on Form 10-Q, unless otherwise mentioned or unless the
context indicates otherwise, we use the terms "AIG," "we," "us" and "our" to
refer to
Cautionary Statement Regarding Forward-Looking Information
This Quarterly Report on Form 10-Q and other publicly available documents may
include, and officers and representatives of AIG may from time to time make and
discuss, statements which, to the extent they are not statements of historical
or present fact, may constitute "forward-looking statements" within the meaning
of the
70 AIG | Second Quarter 2022 Form 10-Q
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TABLE OF CONTENTS
All forward-looking statements involve risks, uncertainties and other factors that may cause AIG's actual results and financial condition to differ, possibly materially, from the results and financial condition expressed or implied in the forward-looking statements. Factors that could cause AIG's actual results to differ, possibly materially, from those in the specific projections, goals, assumptions and statements include, without limitation:
•AIG's ability to continue to separate the Life and Retirement business, including through an initial public offering, and the impact separation may have on AIG, its businesses, employees, contracts and customers;
•the effects of economic conditions in the markets in which AIG and its
businesses operate in the
•the occurrence of catastrophic events, both natural and man-made, including geopolitical conflicts, pandemics, civil unrest and the effects of climate change;
•disruptions in the availability of AIG's electronic data systems or those of third parties, including as a result of potential information technology, cybersecurity or data security breaches due to supply chain disruptions, cyber-attacks or security vulnerabilities, the likelihood of which may increase as a result of remote business operations;
•the effectiveness of AIG's enterprise risk management policies and procedures, including with respect to business continuity and disaster recovery plans;
•changes in judgments concerning potential cost-saving opportunities;
•availability of reinsurance or access to reinsurance on acceptable terms;
•concentrations in AIG's investment portfolios, including as a result of our
asset management relationships with Blackstone Inc. (
•changes in the valuation of AIG's investments;
•the effectiveness of strategies to recruit and retain key personnel and to implement effective succession plans;
•actions by rating agencies with respect to AIG's credit and financial strength ratings as well as those of its businesses and subsidiaries;
•changes to sources of or access to liquidity;
•changes in judgments concerning the recognition of deferred tax assets and the impairment of goodwill;
•changes in judgments or assumptions concerning insurance underwriting and insurance liabilities;
•AIG's ability to successfully dispose of, monetize and/or acquire businesses or assets or successfully integrate acquired businesses;
•nonperformance or defaults by counterparties, including
•the requirements, which may change from time to time, of the global regulatory framework to which AIG is subject;
•significant legal, regulatory or governmental proceedings;
•the effects of sanctions related to the conflict between
•AIG's ability to effectively execute on the AIG 200 operational programs designed to modernize AIG's operating infrastructure and enhance user and customer experiences, and AIG's ability to achieve anticipated cost savings from AIG 200;
•the impact of COVID-19 and its variants and responses thereto;
•AIG's ability to effectively execute on environmental, social and governance targets and standards; and
•such other factors discussed in:
-Part I, Item 2. MD&A of this Quarterly Report on Form 10-Q; and
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