American International Group, Inc.

Good day and welcome to AIG's fourth quarter 2020 financial results conference call. Today's conference is being recorded. At this time, I would like to turn the conference over to Ms. Sabra Perthill, head of investor relations. Please go ahead, ma'am.

Thank you, Orlando. Good morning and thank you all for joining us. Today's call will cover AIG's fourth quarter and year-end 2020 financial results announced yesterday afternoon. The news release, financial results presentation, and financial supplement are available on our website at www.aig.com. Our 10-K for 2020 will be filed on Friday, February 19th. Our speakers today include Brian Dubrow, CEO, Peter Zafino, President and COO of AIG, and Mark Lyons, Chief Financial Officer. Following their prepared remarks, we will have time for Q&A. David McElroy, CEO of General Insurance. Kevin Hogan, CEO of Life and Retirement, and Doug DeShiel, our Chief Investment Officer, will be available for Q&A. Today's remarks may contain forward-looking statements, including comments relating to company performance, strategic priorities, including AIG's intent to pursue a separation of its life and retirement business, business mix, and market conditions, including the effects of COVID-19 on AIG. These statements are not guarantees of future performance or events and are based on management's current expectations. Actual performance and events may materially differ. Factors that could cause results to differ include the factors described in our third quarter 2020 report on Form 10-Q and our annual 2019 annual report on Form 10-K and our other recent filings made with the SEC. AIG is not under any obligation and expressly disclaims any application to update any forward-looking statements, whether as a result of new information, future events, or otherwise. Additionally, some remarks may refer to non-GAAP financial measures. The reconciliation of such measures to the most comparable GAAP figures is included in our earnings release, financial supplement, and earnings presentation, all of which are available on our website at www.aig.com. I'll now turn the call over to Brian.

Good morning, and thank you for joining us today. I'd like to highlight some of the important milestones we achieved in 2020, and then I'll turn it over to Peter to provide more detail on our results for general insurance and life and retirement, as well as updates on strategic initiatives such as the separation of the life and retirement business and AIG 200. Lastly, Mark will provide a CFO update. 2020 was an extraordinary year during which our company demonstrated tremendous resiliency. We quickly and effectively transitioned more than 90% of our workforce in over 50 countries to remote working. We established a cross-functional task force to implement best practices to protect the health and safety of colleagues while continuing to deliver high-quality service to clients, distribution partners, and other stakeholders. AIG continues to effectively manage through COVID-19 and its collateral effects on the global economy because of the strong foundation we began to build beginning in late 2017. We instilled a culture of underwriting excellence, adjusted risk tolerances, implemented best-in-class reinsurance programs, strengthened our vast global footprint, de-risked the balance sheet, and maintained a balanced and diversified investment portfolio. And in October, we announced our intention to separate the life and retirement business from AIG which was made possible by the work our team has done to strengthen general insurance in particular and position each business as a market leader. Before I turn it over to Peter, I want to note that this is the last earnings call I will participate in. As you know, we announced that on March 1st, I will become executive chairman of the board, and Peter will take over as president and chief executive officer. The transition will be seamless. Peter and I have tackled many of the systemic and pervasive fundamental problems from the past, and the company is now positioned for long-term, sustainable, and profitable growth. While there is still work to be done, I have every confidence that AIG stakeholders will continue to reap the benefit of the hard work that is taking place across the organization on our journey to make AIG a top-performing company. The turnaround of general insurance and the enterprise-wide transformation at AIG are is on a scale I've not seen in my 45-plus year career. I take great pride in what the team has accomplished and know that the company and our colleagues will be in great hands with Peter as the CEO of AIG. Now I'll turn the call over to Peter.