AMERICAN INTERNATIONAL GROUP INC
For the period ended May 15, 2024. Filed Apr 2, 2024.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 15, 2024 · Filed Apr 2, 2024
Contents
Use of Market Data
The CMRC uses data for relevant peer groups to support the key principles of our compensation philosophy, including retaining and attracting the best talent and paying for performance.n2023 Compensation Program: Two peer groups were used for the 2023 executive compensation program: one to inform compensation levels and design, and one for measuring relative TSR performance in our LTI program. Each serves a distinct purpose to enhance the relevance of the data being considered. The CMRC periodically reviews our peer groups to ensure continuing relevance.n2021 LTI Program: In addition, two peer groups were used to measure Relative TSR and Relative Tangible BVPS over the three-year performance period applicable to PSUs granted in 2021. For further detail, see "—2023 Compensation Decisions and Outcomes—Assessment of 2021 Performance Share Units."
nTwo peer groups used for 2023 programsnTwo peer groups used for 2021 LTI programnPeer groups reflect competitors for talent and businessnPeer groups align with intended purpose
| 2023 Compensation Program | |
|---|---|
| CompensationPeer Group | nProvides perspective and data reflecting compensation levels and insight into pay practicesnComprises companies of a similar size and business model that draw from the same pool of talent as AIGnTakes into account business model, company size, competitive relevance (e.g., for talent and investors) and data reliability |
| AIG RelativeTSR Peer Group | nProvides a means to assess long-term shareholder relative value creationnApplies to PSU awards granted in 2023 |
| 2021 LTI Program | |
| Relative Tangible Book Value Per Share Peer Group | nProvides a means to assess business unit performance of General Insurance and Life and Retirement relative to directly comparable peers under our LTI program |
| AIG RelativeTSR Peer Group | nProvides a means to assess long-term shareholder relative value creation |
Compensation Peer Group for 2023 Program
| 1.The Allstate Corporation (NYSE:ALL)2.American Express Company (NYSE:AXP)3.Bank of America Corporation (NYSE:BAC)4.BlackRock, Inc. (NYSE:BLK)5.Capital One Financial Corp. (NYSE:COF)6.Chubb Limited (NYSE:CB)7.The Cigna Group (NYSE:CI) | 8.Citigroup Inc. (NYSE:C)9.JPMorgan Chase & Co. (NYSE:JPM)10.Manulife Financial Corporation (NYSE:MFC)11.Marsh & McLennan Companies, Inc. (NYSE:MMC)12.MetLife, Inc. (NYSE:MET) | 13.The Progressive Corporation (NYSE:PGR)14.Prudential Financial, Inc. (NYSE:PRU)15.The Travelers Companies, Inc. (NYSE:TRV) 16.U.S. Bancorp (NYSE:USB)17.Wells Fargo & Company (NYSE:WFC) |
|---|
| Relative TSR Peer Group for 2023 LTI Program | ||
|---|---|---|
| 1.AXA S.A. (CS:PA)*2.Chubb Limited (NYSE:CB)3.CNA Financial Corporation (NYSE:CNA) | 4.The Hartford Financial Services Group, Inc. (NYSE:HIG)5.Markel Corporation (NYSE:MKL)6.Tokio Marine Holdings, Inc. (TKS:8766) | 7.The Travelers Companies, Inc (NYS:TRV)8.W. R. Berkley Corporation (NYS:WRB) |
*Added in 2023.
AIG 2024 PROXY STATEMENT 47
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