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Retirement our and business, why chose First, IPO update will I once Corebridge the is known not on an of with Life be as a proceed the various to company. will which and the Financial IPO continued of we review discuss stand-alone we to company be the provide significant second on we've quarter. public the to make Corebridge the prepare this as separation will also aspects I progress of in public business
solid in follow-on net mentioned, driven a I showed income. the review as core as results Retirement largely Second, where, resilience continued the a reduction I Life from IPO discussion, and to and business despite will investment performance headwinds
goal X produce on rate and exit of in XXX, an of Global I profitability update Commercial schedule. with billion performance our General outstanding where months continues top strong critical in Third, $X provide Insurance, I of will to portfolio. will results AIG growth, on our particularly savings run line we delivered underwriting achieved milestones where excellence Fourth, review and ahead the stated
and buybacks management, an respect on provide debt update particularly with stock to I'll reduction. capital Lastly,
the on Q&A quarter Following Mark my detail of join portion remarks, for David we will and today's and provide will Hogan us take Lyons, the Kevin questions. then Shane call. McElroy will more
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Life in Now the second quarter. and Retirement's performance turning to
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to opportunities for our business is we a I'd worth This will Now in where a high spend invest like are attractive to few continue on net profitability minutes improvement. there business.
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objective X Delivering earlier AIG maintained structure expected. this was across because with we to exit a of from run to successful company, $X.X was on and in these objectives critical Turning operational all major At foundational designed AIG XXX the company. financial for billion achieve governance accomplishment our major savings of XXX. across of to financial achieved we transform core second exceptional a tight cost deliver the rate AIG is capabilities XXX quarter, team. than our areas and the the to $X a these our months journey goals end billion. of collaboration was X-year colleagues and XXXX. We started saw
excellence. significantly continuous the While XXX completed, of original the focused our place. better company on remain a put operational have in team objectives AIG XXX been in has improvement will AIG
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capital management Turning to our strategy.
portfolio. to continue across capital maintain investment returning balanced allowing opportunities we of buybacks through disciplined to growth be will also shareholders appropriate as in stock dividends We our levels while and while debt global and for
with billion, successful we where dividends earlier, paid $XXX quarter, stock, and parent repurchased As in $X.X billion billion liquidity. common debt in $X.X $X.X a had we I ended second outstanding very by reduced said million of net
on proceeds debt for the the Retirement billion $X.X use note Life under additional to have to $X risk-adjusted repayment, repurchase from our IPO. least will expect to current AIG respect our on AIG General at ahead, opportunities, pay respect Looking remaining with in debt of the see expect improvement returns. receive priorities the down other and stock we these respect quarter. common remaining authorization third where Insurance, growth promissory share for $X. purposes. and opportunities further and to to With our focused organic And capital profitable prior to allocating to buybacks, With continue X and we repurchase to billion we in share in growth billion be
business, will last or the our on discussed the post you. management more and AIG Shane Shane, over at that a on on XX%. remarks. in common provide equity capital return I'll we expect and of to above As turn call, on will call we details achieve deconsolidation Life Retirement ROE his
