Welcome to our dedicated page for American Intl Group news (Ticker: AIG), a resource for investors and traders seeking the latest updates and insights on American Intl Group stock.
American International Group Inc. (AIG) is a global insurance leader providing risk management solutions across 80+ countries. This page serves as your definitive source for AIG-related news, offering investors and professionals timely updates on corporate developments.
Access curated press releases, financial disclosures, and strategic announcements in one centralized location. Track key updates including quarterly earnings reports, leadership changes, regulatory filings, and strategic partnerships that shape the company's position in global insurance markets.
All content is maintained for accuracy and relevance, with strict adherence to factual reporting standards. Bookmark this page to monitor AIG's operational milestones and industry impact through verified primary sources.
AIG (NYSE: AIG) has appointed Ray Hall as Head of Western World, effective immediately. Hall, who joined AIG in 2020 as Western World's National Director, will report to Lou Levinson, President and CEO of Lexington Insurance. Based in Scottsdale, Arizona, Hall will be responsible for executing Western World's strategies in the contract bind market through wholesale brokers.
Western World, an AIG company, specializes in wholesale solutions for contract bind property, casualty, and garage segments as part of AIG's Excess & Surplus lines platform. Hall brings 27 years of industry experience and has played a key role in transforming Western World's contract bind franchise through product development, enhanced underwriting discipline, talent acquisition, and strengthening broker relationships.
AIG (NYSE: AIG) has announced it will release its first quarter 2025 financial results on May 1, 2025, after market close. The company will make its financial results and supplementary materials available on their investor relations website. A conference call to discuss the quarterly results is scheduled for May 2, 2025, at 8:30 a.m. ET. The public can access the live webcast through AIG's website, where a replay will also be available after the call.
AIG (NYSE: AIG) has announced the election of Juan Perez, Executive Vice President and Chief Information Officer of Salesforce, to its Board of Directors as an independent Director. Perez brings over 30 years of experience in leading strategic technology initiatives at Fortune 500 companies, with expertise in artificial intelligence, data strategy, and digital transformation.
In his current role at Salesforce, Perez oversees the global IT organization and data strategy while advising on product strategy. Previously, as CIO and Engineering Officer at UPS, he led the implementation of advanced analytics and AI technologies. Perez holds degrees in industrial and systems engineering and computer and manufacturing engineering from the University of Southern California, and serves as a director at The Hershey Company and Wabtec
AIG reported strong Q4 2024 results with net income of $898 million ($1.43 per diluted share), compared to $86 million ($0.12) in Q4 2023. General Insurance net premiums written reached $6.1 billion, up 6% year-over-year. The combined ratio was 92.5%, with an accident year combined ratio of 88.6%.
For full year 2024, General Insurance net premiums written were $23.9 billion, with Global Commercial net premiums of $16.8 billion. The company reported a net loss of $2.17 per diluted share, primarily due to Corebridge deconsolidation impact. Adjusted after-tax income was $4.95 per diluted share, up 12% year-over-year.
AIG executed $9.7 billion in capital management actions, including $6.6 billion in share repurchases, $1.0 billion in dividends, $1.6 billion in net debt reduction, and $500 million in preferred stock redemption. The company ended 2024 with parent liquidity of $7.7 billion and a debt-to-total capital ratio of 17.0%.
AIG (NYSE: AIG) has announced plans to host an Investor Day on Monday, March 31, 2025. The event will commence at 8:30 a.m. ET. Investors and interested parties will be able to access a live webcast of the presentation along with related materials through the Investors section of AIG's website. For those unable to attend the live event, a replay will be made available on the same platform following the presentation.
AIG (NYSE: AIG) has announced an immediate organizational restructuring into three distinct segments: North America Commercial Insurance, International Commercial Insurance, and Global Personal Insurance. Jon Hancock will expand his leadership role, taking on additional responsibilities as EVP, Chief Executive Officer of International Commercial Insurance and Global Personal Insurance.
The Global Personal Insurance segment consolidates AIG's Global Accident & Health, Personal Home and Auto, Global Warranty & Services, and High-Net-Worth businesses. Don Bailey will continue as EVP, Chief Executive Officer, leading the North America Commercial Insurance business.
According to CEO Peter Zaffino, this new structure aims to simplify reporting segments while enhancing operational efficiency and stakeholder value.
American International Group (NYSE: AIG) has announced it will release its fourth quarter and full year 2024 financial results after market close on Tuesday, February 11, 2025. The company will host a conference call to discuss the results on Wednesday, February 12, 2025, at 8:30 a.m. ET.
The financial results press release and supplementary materials will be available in the Investors section of AIG's website. A public listen-only webcast of the conference call will be accessible through the company's website, with a replay available afterward at the same location.
AIG (NYSE: AIG) has appointed Christopher Flatt as its new Global Chief Underwriting Officer, effective immediately. Flatt, who previously served as Head of AIG North America Alternative Channels, brings over 30 years of experience in underwriting, risk management, and reinsurance to the role.
Flatt joined AIG in 2017 after spending over 15 years in leadership roles at Marsh McLennan. Earlier in his career, he held senior underwriting positions at GE Capital and ITT Hartford. He succeeds Christopher Schaper, who was appointed Chief Risk Officer of AIG in November 2024.
In a related move, Erin Fry, President of Glatfelter & EVP of AIG Commercial Lines Programs, has been promoted to Head of AIG North America Alternative Channels, taking over Flatt's previous position. Fry will report to Don Bailey, Executive Vice President & Chief Executive Officer, North America Insurance.
Private Client Select Insurance Services (PCS), a Managing General Underwriter majority-owned by Stone Point Capital and AIG (NYSE: AIG), has appointed Ross Bowie as Chief Executive Officer, effective immediately. Bowie, who joined PCS in February 2024 as President and Chief Risk Officer, previously served as President & Chief Underwriting Officer of Orchid Insurance and held senior leadership roles at Bankers Insurance Group and ASI.
In his prior role at PCS, Bowie was responsible for portfolio optimization and improving the company's financial performance. He succeeds Christopher Flatt, who served as Interim CEO since March 2024 and will continue to serve on PCS's Board of Directors.
AIG has announced the launch of Syndicate 2478 at Lloyd's, set to begin underwriting from January 1, 2025. The syndicate, managed by Talbot Underwriting , has an approved stamp capacity of $715 million for the 2025 Year of Account. Blackstone will provide third-party capital through Lloyd's London Bridge 2 PCC structure and serve as investment manager for syndicate assets.
The syndicate will participate in AIG's outwards reinsurance program, accessing risk from AIG's global property & casualty businesses. This strategic relationship demonstrates AIG's underwriting portfolio quality and leverages its partnerships with Blackstone and Lloyd's.
