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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.
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AIG Retirement Services has launched a self-directed version of its Retirement Pathfinder, an interactive retirement planning tool aimed at tax-exempt and public sector employees. This tool allows participants to evaluate their retirement expectations, including spending on travel, home improvements, and hobbies, while integrating various financial accounts into one dashboard. It provides real-time adjustments to savings strategies, helping users determine their retirement readiness. AIG's new offering emphasizes simplicity and visual clarity, enhancing the user experience in retirement planning.
American International Group (AIG) announced that Peter Zaffino, its President & Chief Executive Officer, will participate in a virtual fireside chat at the Bernstein Strategic Decisions Conference on June 2, 2021, at 2:30 p.m. ET. An audio webcast link will be available on AIG’s website, with a replay option. AIG is a leading global insurance organization, providing a wide range of insurance and financial services across approximately 80 countries.
On May 11, 2021, American International Group (NYSE: AIG) announced cash tender offers and consent solicitations for certain outstanding notes. This initiative is part of AIG's strategy to manage its debts more effectively. The offers include various series of notes from American General Corporation and SunAmerica Inc., with listed CUSIP numbers. These actions might enhance AIG’s financial flexibility and improve its capital structure.
American International Group (NYSE:AIG) announced cash tender offers for various series of notes including Junior Subordinated Debentures and Notes issued by American General Corporation and SunAmerica Inc. The offers total over $600 million, with early tender payments incentivizing holders to participate. The offers are scheduled to expire on June 8, 2021, with early tender times set for May 24, 2021. The total consideration varies by note series and includes an early payment fee. AIG has appointed Credit Suisse and J.P. Morgan as dealer managers for the transaction.
At American International Group's (NYSE: AIG) Annual Meeting, shareholders elected thirteen directors and supported three proposals by the Board. Highlights include:
- Elected directors received significant votes, with James Cole, Jr. garnering 718 million votes for.
- Approved non-binding executive compensation with 535 million votes for.
- Passed the 2021 Omnibus Incentive Plan with 642 million votes for.
- Ratified PricewaterhouseCoopers as independent auditors with 732 million votes for.
- Rejected a shareholder proposal to lower the threshold for special meetings.
American International Group (AIG) announced that Chief Financial Officer Mark Lyons and Deputy CFO Sabra Purtill will participate in a fireside chat at the Wells Fargo Virtual Financial Services Investor Conference on May 20, 2021, at 2:00 p.m. ET.
An audio webcast link will be accessible in the Investors section of AIG’s website, where a replay will also be available.
AIG is a global insurance organization providing diverse insurance and financial services across approximately 80 countries.
AIG Retirement Services and EVERFI released a survey of over 20,000 college students, revealing that despite the challenges of the COVID-19 pandemic, students remain optimistic about their financial futures. 58% feel confident about managing personal finances, with 39% not expecting the pandemic to affect their job search. Notably, 17% anticipate earning >$85,000 in their first job. However, 32% report increased financial stress on their families and 48% rely on credit cards, indicating potential future financial difficulties.
American International Group (NYSE:AIG) has initiated cash tender offers for various series of notes issued by American General Corporation and SunAmerica Inc. These offers aim to retire legacy debt and amend covenants as AIG prepares to separate its Life & Retirement business. The tender offers include several series of subordinated debentures and notes, with deadlines for early tendering set for May 24, 2021, and expiration on June 8, 2021. Amendments will require majority consent from note holders. The transactions are structured to optimize AIG's debt management as part of its business strategy.
American International Group (NYSE: AIG) reported a robust performance for Q1 2021, with net income attributable to common shareholders at $3.9 billion, or $4.41 per diluted share, up from $1.7 billion, or $1.98 per share a year prior. General Insurance saw strong growth in net premiums and improved underwriting income, yielding a combined ratio of 98.8. Life and Retirement also performed well with a 46% increase in net investment income, totaling $3.7 billion. AIG repurchased $362 million in stock and maintained a liquidity of $7.9 billion. A quarterly dividend of $0.32 per share was declared.
American International Group (AIG) will announce its financial results for Q1 2021 on May 6, 2021, after market close. The results and financial supplement will be accessible in the Investors section of AIG’s website. AIG will also conduct a conference call on May 7, 2021, at 8:30 a.m. ET to discuss the results, with a replay available afterward. AIG operates globally, offering various insurance products and financial services across 80 countries, focusing on asset protection and risk management.
