American International Group, Inc. engages in the provision of a range of property casualty insurance, life insurance, retirement products, and other financial services to commercial and individual customers. It operates through the following segments: General Insurance, Life and Retirement and Other Operations. The General Insurance segment consists of insurance businesses in North America and International business areas. The Life and Retirement segment includes Individual Retirement, Group Retirement, Life Insurance, and Institutional Markets. The Other Operations segment covers income from assets held by the company and other corporate subsidiaries. The company was founded by Cornelius Vander Starr in 1919 and is headquartered in New York, NY.

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AIG reports solid Q4 earnings, eyes 10% ROE through strategic initiatives

AIG's Q4 2022 performance showcased strong earnings, underwriting improvements, and progress towards ROCE goals.
The company's focus on expense reduction, capital management, and strategic portfolio shaping are key strengths.
Challenges include market trends in casualty pricing and excess D&O, requiring careful monitoring and strategic adjustments.
Opportunities for growth lie in achieving a 10% ROE, leveraging rate increases, and enhancing NII trajectory post-Corebridge separation.

AIG reports strong Q1 earnings, navigates challenges, eyes growth opportunities

AIG's Q1 performance reflects solid financial results, strategic initiatives, and a focus on operational efficiency and risk management.
The company's strengths lie in strong capitalization, efficient expense management, and growth opportunities in key market segments.
Challenges include navigating market dynamics, strategic decisions, and maintaining consistent performance amidst industry pressures.
Opportunities for AIG include leveraging growth prospects, optimizing cost structures, and capitalizing on market trends for sustained profitability.

AIG reports strong Q2 earnings, focuses on strategic growth initiatives

AIG's Q2 2023 earnings reflect a robust financial performance, strategic initiatives to enhance operational efficiency, and a commitment to shareholder value. Despite challenges in certain segments, the company's strong balance sheet and global growth opportunities position it well for future success.

AIG reports exceptional Q3 results, navigates challenges, and eyes growth opportunities

AIG delivered strong Q3 results across its General Insurance and Life and Retirement segments, showcasing positive financial highlights and strategic progress. Challenges in certain segments require focused management, while opportunities exist in expense reduction and capital management strategies. The company's performance reflects a commitment to enhancing profitability and shareholder value.

AIG reports strong Q4 earnings, eyes ROCE goal achievement

AIG's Q4 showcased robust financial results, marked by income growth, improved underwriting, and progress towards strategic goals. While challenges like expense ratios and geopolitical impacts were acknowledged, AIG remains focused on capital efficiency and operational excellence to drive future growth.

AIG reports robust Q1 earnings, eyes growth post-Corebridge deconsolidation

AIG's Q1 2024 earnings call highlighted strong financial performance, commitment to capital management, and strategic focus on growth opportunities. The company aims to deconsolidate Corebridge, reduce share count, and improve underwriting leverage while maintaining a focus on shareholder returns.

AIG reports robust Q3 earnings, focuses on tech-driven growth strategies

AIG's Q3 2024 earnings call highlighted strong financial performance, strategic initiatives to manage volatility, and a focus on enhancing underwriting capabilities through technology. The company aims to achieve a 10% core operating ROE by 2025, emphasizing capital management and sustained underwriting profitability amidst industry challenges.

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American International Group, Inc. is a global insurance organization, which provides property casualty insurance, offering a range of products, including liability, financial lines, property, global specialty, personal lines and accident and health that help businesses, individuals and jurisdictions to protect their assets and manage risks through AIG operations and network partners. It operates through the following segments: General Insurance and Other Operations. The General Insurance segment consists of insurance businesses in North America and International business areas. The Other Operations segment covers income from assets held by the company and other corporate subsidiaries. The company was founded by Cornelius Vander Starr in 1919 and is headquartered in New York, NY.

Zurich Insurance Group AG

Zurich Insurance on Wednesday announced a $600 million deal to buy AIG's global personal travel insurance and assistance business.

Zurich Insurance buys AIG travel business in $600 mln deal

NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced that it has entered into a definitive agreement to sell its global individual personal travel insurance and assistance business to Zurich Insurance Group for $600 million in cash plus additional earn-out consideration. The agreement includes the Travel Guard business and its servicing capabilities, excluding Japan and our AIG joint venture arrangement in India. Travel coverages offered through AIG's Accide.

AIG to Sell its Global Personal Travel Insurance and Assistance Business including Travel Guard® to Zurich

American International Group's stock (NYSE: AIG) has gained around 9% YTD, while the S&P500 is up 15% over the same period. Notably, American International Group's peer Travelers (NYSE: TRV) is also up 9% YTD.

American International Group Stock Is Up 9% YTD, What's Next?

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does American International Group (AIG) have what it takes?

Why American International Group (AIG) is a Top Dividend Stock for Your Portfolio

Hartford Financial Services Group

MetLife

Old Republic International

Prudential Financial

MetLife, American International, Prudential Financial, The Hartford Financial and Old Republic International have been highlighted in this Industry Outlook article.

Zacks Industry Outlook MetLife, American International, Prudential Financial, The Hartford Financial and Old Republic International

Better pricing, product redesigns, technological advancement, high inflation and interest rate rise are expected to aid multiline insurers like MET, AIG, PRU, HIG and ORI.

5 Multiline Insurers to Watch Amid Rising Insurance Demand

Corebridge Financial Inc

Corebridge Financial stock has nearly doubled over the past year due to elevated interest rates and divestitures simplifying its business. AIG has been gradually reducing its stake in Corebridge, with recent sales impacting the stock price, but potential index inclusion could boost demand for shares over time. Corebridge's strong Q1 results, increased market levels, and ongoing capital returns through buybacks should lead to continued earnings growth and share count reduction, making the stock attractive.

Corebridge Financial: Long-Term Positives Outweigh Near-Term AIG Share Sales

AIG now owns around 48.35% of Corebridge's common stock.

AIG Reaches Key Milestone With Deconsolidation of Corebridge

NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced it has met the requirements for the deconsolidation of Corebridge Financial (NYSE: CRBG) for accounting purposes. The deconsolidation is a result of AIG's decision to waive its right to majority representation on the Corebridge Financial Board of Directors and the resignation of Chris Schaper, Executive Vice President, Global Chief Underwriting Officer, AIG, from Corebridge Financial's Board of Directors.

AIG Completes Deconsolidation of Corebridge Financial

NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced the closing of its secondary offering of shares of Corebridge Financial, Inc. (NYSE: CRBG) common stock. AIG, as the selling stockholder, sold 30 million existing shares of common stock (out of approximately 608 million total shares of common stock outstanding) of Corebridge Financial at a public offering price of $29.20 per share, which included a 30-day option to the underwriter to purchase up to an addi.

AIG Announces Closing of Secondary Offering of Corebridge Financial, Inc. Common Stock

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AIG revealed the pricing for the secondary offering for CRBG common stock at $29.20 per share.

AIG to Sell 30M Corebridge Shares Through Secondary Offering

American International Group (AIG) reported earnings 30 days ago. What's next for the stock?

Why Is American International Group (AIG) Up 0.2% Since Last Earnings Report?

NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced that it has priced the secondary offering of Corebridge Financial, Inc. (NYSE: CRBG) common stock at $29.20 per share. The offering is expected to close on June 3, 2024, subject to customary closing conditions. AIG, as the selling stockholder, has offered 30 million existing shares of common stock (out of approximately 608 million total shares of common stock outstanding) of Corebridge Financial, correspon.

AIG Announces Pricing of Secondary Offering of Corebridge Financial, Inc. Common Stock

NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced the launch of a secondary offering of Corebridge Financial, Inc. (NYSE: CRBG) common stock. AIG, as the selling stockholder, is offering 30 million existing shares of common stock (out of approximately 608 million total shares of common stock outstanding) of Corebridge Financial and has granted a 30-day option to the underwriter to purchase up to an additional 4.5 million shares. All of the net proceeds fr.

AIG Announces Launch of Secondary Offering of Corebridge Financial, Inc. Common Stock

American International Group, Inc. (NYSE:AIG ) Bernstein's 40th Annual Strategic Decisions Conference May 29, 2024 11:00 AM ET Company Participants Peter Zaffino - Chairman, CEO Conference Call Participants Ryan Tunis - Autonomous Ryan Tunis Thanks for joining us. I'm Ryan Tunis, I'm the insurance analyst at Autonomous.

American International Group, Inc. (AIG) Bernstein's 40th Annual Strategic Decisions Conference (Transcript)

NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced that Gordon Browne has been appointed Global Head of Specialty, effective June 11, 2024. Mr. Browne will report to Jon Hancock, Executive Vice President and Chief Executive Officer, International Insurance, and will serve on the International Insurance leadership team. Mr. Browne rejoins AIG from Allianz, where he served as Global Head of Specialty since April 2023. As AIG's Global Head of Specialty, Mr. B.

AIG Appoints Gordon Browne as Global Head of Specialty

NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced that Peter Zaffino, AIG Chairman & Chief Executive Officer, will participate in a fireside chat at Bernstein's 40th Annual Strategic Decisions Conference on Wednesday, May 29, 2024, at 11:00 a.m. ET. A link to the live, audio webcast will be available in the Investors section of AIG's website: https://www.aig.com. A replay will be available afterward at the same location. About AIG American Internation.

AIG to Participate in Bernstein's 40th Annual Strategic Decisions Conference

AIG continues to streamline its operations to intensify focus on its General Insurance business.

AIG to Divest 20% Corebridge Stake to Nippon Life for $3.8B

Insurance giant American International Group has struck a deal to sell a stake in its majority-owned life-and-retirement arm Corebridge Financial to Japan's Nippon Life Insurance for $3.8 billion.

AIG to Sell 20% of Corebridge to Nippon Life for $3.8 Billion

American International Group said on Thursday it would sell a 20% stake in its life insurance and retirement unit Corebridge Financial for $3.8 billion.

AIG to sell 20% stake in Corebridge for $3.8 bln

NEW YORK--(BUSINESS WIRE)--AIG today announced that it has reached an agreement to sell approximately 120 million shares of its Corebridge common stock to Nippon Life Insurance Company (Nippon Life) for $31.47 per share, for an aggregate purchase price of $3.8 billion. The shares represent 20% of the outstanding shares of Corebridge at signing. Under the terms of the transaction, AIG has agreed to maintain a 9.9% ownership stake in Corebridge for two years after the closing. “Nippon Life is wel.

AIG Announces Sale of a 20% Ownership Stake of Corebridge to Nippon Life

Higher premiums and deposits in the Life and Retirement unit, and reduced catastrophe losses aid AIG's Q1 results. Management sanctions an increase of up to $10 billion in its buyback authorization.

AIG Beats on Q1 Earnings on Lower Costs, Approves Dividend Hike

American International Group, Inc. (NYSE:AIG ) Q1 2024 Earnings Conference Call May 2, 2024 8:30 AM ET Company Participants Quentin McMillan - Vice President, Managing Director and Head of Investor Relations Peter Zaffino - Chairman and Chief Executive Officer Sabra Purtill - Executive Vice President and Chief Financial Officer Conference Call Participants Michael Zaremski - BMO Capital Markets Elyse Greenspan - Wells Fargo Securities Ryan Tunis - Autonomous Research Robert Cox - Goldman Sachs Michael Ward - Citigroup Operator Good day and welcome to AIG's First Quarter 2024 Financial Results Conference Call. This conference is being recorded.

American International Group, Inc. (AIG) Q1 2024 Earnings Call Transcript

AIG's Q1 2024 EPS outpaces estimates, signaling solid performance and operational efficiency. The firm's total net investment income surged, contributing to substantial revenue growth.

News for AIG Stock (AIG)