American International Group Management

Management criteria checks 2/4

American International Group's CEO is Peter Zaffino, appointed in Jan 2020, has a tenure of 4.33 years. total yearly compensation is $24.62M, comprised of 6.1% salary and 93.9% bonuses, including company stock and options. directly owns 0.076% of the company’s shares, worth $39.88M. The average tenure of the management team and the board of directors is 2.5 years and 2.2 years respectively.

Key information

Peter Zaffino

Chief executive officer

US$24.6m

Total compensation

CEO salary percentage	6.1%
CEO tenure	4.3yrs
CEO ownership	0.08%
Management average tenure	2.5yrs
Board average tenure	2.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Peter Zaffino's remuneration changed compared to American International Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$5b
Dec 31 2023	US$25m	US$2m	US$4b
Sep 30 2023	n/a	n/a	US$4b
Jun 30 2023	n/a	n/a	US$5b
Mar 31 2023	n/a	n/a	US$6b
Dec 31 2022	US$75m	US$2m	US$10b
Sep 30 2022	n/a	n/a	US$13b
Jun 30 2022	n/a	n/a	US$12b
Mar 31 2022	n/a	n/a	US$10b
Dec 31 2021	US$22m	US$1m	US$10b
Sep 30 2021	n/a	n/a	US$6b
Jun 30 2021	n/a	n/a	US$4b
Mar 31 2021	n/a	n/a	-US$4b
Dec 31 2020	US$24m	US$1m	-US$6b
Sep 30 2020	n/a	n/a	-US$5b
Jun 30 2020	n/a	n/a	-US$5b
Mar 31 2020	n/a	n/a	US$4b
Dec 31 2019	US$18m	US$1m	US$3b
Sep 30 2019	n/a	n/a	US$2b
Jun 30 2019	n/a	n/a	-US$83m
Mar 31 2019	n/a	n/a	-US$249m
Dec 31 2018	US$13m	US$1m	US$36m
Sep 30 2018	n/a	n/a	-US$6b
Jun 30 2018	n/a	n/a	-US$7b
Mar 31 2018	n/a	n/a	-US$6b
Dec 31 2017	US$18m	US$553k	-US$6b

Compensation vs Market: Peter's total compensation ($USD24.62M) is above average for companies of similar size in the CL market ($USD5.98M).

Compensation vs Earnings: Peter's compensation has been consistent with company performance over the past year.

CEO

Peter Zaffino (56 yo)

4.3yrs

Tenure

US$24,617,936

Compensation

Mr. Peter Salvatore Zaffino serves as Chairman at American International Group, Inc. since January 01, 2022, President since January 1, 2020 and has been its Chief Executive Officer since March 1, 2021 and...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Peter Zaffino	Chairman	4.3yrs	US$24.62m	0.076% $ 39.9m
Sabra Purtill	Executive VP & CFO	1.3yrs	US$7.66m	0.0013% $ 654.5k
Claude Wade	Executive VP	3.3yrs	US$7.71m	0.0013% $ 675.5k
Kevin Hogan	President & CEO of Corebridge Financial	2.3yrs	US$8.63m	0.040% $ 21.1m
Elaine Rocha	Global Chief Investment Officer	2.6yrs	no data	no data
Kathleen Carbone	VP & Chief Accounting Officer	2.2yrs	no data	0.00064% $ 335.1k
Roshan Navagamuwa	Executive VP & Chief Information Officer	less than a year	no data	0% $ 0
Quentin McMillan	VP, MD & Head of Investor Relations	2.9yrs	no data	no data
Karen Nelson	Chief Compliance Officer	14.3yrs	no data	no data
Rose Marie Glazer	Executive VP	2.3yrs	no data	0.0046% $ 2.4m
Edward Dandridge	Executive VP and Chief Marketing & Communications Officer	less than a year	no data	no data
David Hawksby	Chief Underwriting Officer of Global Energy & Construction	4.8yrs	no data	no data

2.5yrs

Average Tenure

55yo

Average Age

Experienced Management: AIG's management team is considered experienced (2.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Peter Zaffino	Chairman	3.6yrs	US$24.62m	0.076% $ 39.9m
Diana Murphy	Independent Director	1.2yrs	US$312.64k	no data
John Rice	Lead Independent Director	2.2yrs	US$587.18k	0.0015% $ 790.7k
Wyllie Cornwell	Independent Director	13yrs	US$319.98k	0% $ 0
James Dunne	Independent Director	less than a year	US$95.17k	no data
Vanessa Wittman	Independent Director	1.2yrs	US$312.64k	no data
Peter Porrino	Independent Director	5yrs	US$385.69k	0% $ 0
Linda Mills	Independent Director	8.8yrs	US$349.98k	0% $ 0
James Cole	Independent Director	3.2yrs	US$332.84k	0% $ 0
John Inglis	Independent Director	less than a year	no data	0.00010% $ 52.4k
Paola Bergamaschi	Independent Director	1.4yrs	US$309.98k	0% $ 0

2.2yrs

Average Tenure

66yo

Average Age

Experienced Board: AIG's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.

American International Group Management

Management criteria checks 2/4

Key information

Recent management updates

American International Group, Inc. Announces Executive Changes

American International Group, Inc. Elects John (Chris) Inglis as Independent Director, Effective on March 1, 2024

American International Group, Inc. Announces Retirement of Therese M. Vaughan from the Board

American International Group, Inc. Appoints James (Jimmy) Dunne III as an Independent Director

American International Group, Inc. Names Rose Marie Glazer as General Counsel

American International Group, Inc. Announces Executive Changes, Effective January 1, 2024

Recent updates

New major risk - Revenue and earnings growth

First quarter dividend increased to US$0.40

American International Group, Inc. Declares Quarterly Cash Dividend, Payable on June 28, 2024

First quarter 2024 earnings released

American International Group, Inc. Announces Executive Changes

American International Group, Inc. to Report Q1, 2024 Results on May 01, 2024

Upcoming dividend of US$0.36 per share

Fourth quarter dividend of US$0.36 announced

Full year 2023 earnings released: EPS: US$5.13 (vs US$13.16 in FY 2022)

American International Group, Inc. Elects John (Chris) Inglis as Independent Director, Effective on March 1, 2024

American International Group, Inc. Announces Retirement of Therese M. Vaughan from the Board

American International Group, Inc. to Report Q4, 2023 Results on Feb 13, 2024

Upcoming dividend of US$0.36 per share at 2.2% yield

American International Group, Inc. Appoints James (Jimmy) Dunne III as an Independent Director

American International Group, Inc. Names Rose Marie Glazer as General Counsel

American International Group, Inc. Announces Executive Changes, Effective January 1, 2024

Third quarter 2023 earnings released: EPS: US$2.84 (vs US$3.59 in 3Q 2022)

American International Group, Inc. Declares Quarterly Cash Dividend, Payable on December 28, 2023

American International Group, Inc. to Report Q3, 2023 Results on Nov 01, 2023

American International Group, Inc. Appoints Patricia J. Walsh as Executive Vice President and General Counsel, Effective December 1, 2023

American International Group, Inc. Appoints Ed Dandridge as Executive Vice President and Chief Marketing & Communications Officer

Upcoming dividend of US$0.36 per share at 2.4% yield

American International Group, Inc. Announces Management Changes, Effective on October 1, 2023

Second quarter 2023 earnings released: EPS: US$2.05 (vs US$3.47 in 2Q 2022)

American International Group, Inc. Declares Quarterly Cash Dividend, Payable on September 29, 2023

American International Group, Inc. Appoints Christopher Schaper as Global Chief Underwriting Officer

American International Group, Inc. to Report Q2, 2023 Results on Aug 01, 2023

American Financial Group, Inc. (NYSE:AFG) completed the acquisition of Crop Risk Services, Inc. from American International Group, Inc. (NYSE:AIG).

American International Group, Inc. Announces Management Changes

Upcoming dividend of US$0.36 per share at 2.5% yield

RenaissanceRe Holdings Ltd. (NYSE:RNR) entered into a stock purchase agreement to acquire Validus Holdings, Ltd., Validus Specialty, Inc. and renewal rights, records and customer relationships of Talbot Holdings Ltd. from American International Group, Inc. (NYSE:AIG) for $3 billion.

First quarter 2023 earnings released: EPS: US$0.041 (vs US$5.21 in 1Q 2022)

American International Group, Inc. Declares Quarterly Cash Dividend, Payable on June 30, 2023

High number of new directors

Upcoming dividend of US$0.32 per share at 2.2% yield

Full year 2022 earnings released: EPS: US$13.16 (vs US$10.96 in FY 2021)

American International Group, Inc. Declares Quarterly Cash Dividend on Common Stock, Payable on March 31, 2023

American International Group, Inc. Announces Executive Changes

Thomas F. Motamed to Retire as Board of Director of American International Group, Inc

American International Group, Inc. to Report Q4, 2022 Results on Feb 15, 2023

American International Group, Inc. Announces Shane Fitzsimons, Executive Vice President to Take Temporary Medical Leave of Absence

American International Group, Inc. Appoints Don Bailey as Global Head of Distribution and Field Operations

Upcoming dividend of US$0.32 per share

American International Group, Inc. Announces Board Changes

Third quarter 2022 earnings released: EPS: US$3.54 (vs US$1.95 in 3Q 2021)

American International Group, Inc. Declares Quarterly Cash Dividend on Common Stock, Payable on December 29, 2022

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age