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American International Group, Inc. - AIG STOCK NEWS

Welcome to our dedicated page for American International Group news (Ticker: AIG), a resource for investors and traders seeking the latest updates and insights on American International Group stock.

American International Group, Inc. (AIG) is a multinational finance and insurance corporation based in the USA, operating in over 80 countries and jurisdictions. Known globally for its extensive insurance and financial services, AIG offers a wide array of insurance products, including property, casualty, and life insurance, through its various subsidiaries. Despite recently spinning off its life insurance segment into Corebridge Financial, AIG retains a majority stake in it. AIG’s property/casualty insurance subsidiaries, collectively referred to as AIG PC, have been recognized for their strong balance sheet and improving underwriting performance, affirmed by the recent rating upgrades from AM Best. AIG PC continues to benefit from robust reinsurance support and positive pricing momentum across key business lines, making its operating metrics competitive among its peers. Recent financial results highlight AIG’s profitability and strategic progress, including significant capital management actions and the deconsolidation of Corebridge Financial, positioning AIG as a prominent leader in the global insurance market.

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AIG to report Q3 2023 financial results on Nov 1. Conference call on Nov 2. Webcast available. Replay also available.
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AIG announces Patricia Walsh as new EVP and General Counsel, effective Dec 1, 2023. Walsh will be responsible for legal, compliance, and regulatory functions, as well as government affairs. Positive impact expected on AIG's journey to becoming a top-performing company.
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AHI partner Bearn signs commercial partnership with AIG to acquire and streamline underwriting solutions. AIG reported over $50 billion in revenue in 2022. Bearn and AIG distribution to cover over 6 million lives across the USA and Canada. Bearn plans to launch the integrated platform in November 2023. Bearn rewards users with cash for achieving better health outcomes.
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Corebridge Financial, Inc. (NYSE: CRBG) sells its UK life insurance business to Aviva plc for £460 million in cash.
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Edward L. Dandridge joins AIG as EVP and Chief Marketing & Communications Officer, supporting AIG's global brand and positioning for growth.
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Lucy Fato to transition to Vice Chair at AIG, supporting the company's journey to become a top performing global insurer.
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AIG CEO to participate in fireside chat at KBW Insurance Conference
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AIG announced that Validus Holdings will redeem all outstanding 8.875% Senior Notes due 2040 on September 21, 2023. The redemption price includes the principal amount of the Notes, accrued and unpaid interest, and a 'make-whole' premium. The redemption is in connection with the proposed sale of Validus Holdings to RenaissanceRe Holdings Ltd. As of August 17, 2023, $199,115,000 aggregate principal amount of the Notes were outstanding.
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FAQ

What is the current stock price of American International Group (AIG)?

The current stock price of American International Group (AIG) is $76.06 as of November 22, 2024.

What is the market cap of American International Group (AIG)?

The market cap of American International Group (AIG) is approximately 47.7B.

What does American International Group, Inc. (AIG) do?

AIG is a multinational finance and insurance corporation offering a wide array of insurance products, including property, casualty, and life insurance, through its subsidiaries.

In how many countries does AIG operate?

AIG operates in over 80 countries and jurisdictions around the world.

What recent strategic changes has AIG made?

AIG recently spun off its life insurance operations into Corebridge Financial, retaining a majority stake. It also executed several capital management actions and completed the deconsolidation of Corebridge Financial.

How has AIG's property/casualty segment been performing?

AIG's property/casualty segment has shown strong balance sheet strength and improving underwriting performance, benefiting from favorable business profiles and strong reinsurance support.

What recent financial achievements has AIG reported?

AIG reported significant profitability with improvements in underwriting income, strong investment income, and strategic capital management actions, including substantial share repurchases and debt reduction.

What are the credit ratings for AIG's property/casualty subsidiaries?

AM Best recently upgraded AIG's property/casualty subsidiaries' Long-Term Issuer Credit Ratings to 'a+' (Excellent) and affirmed the Financial Strength Rating of A (Excellent).

Who are some of AIG's major reinsurance partners?

AIG benefits from strong reinsurance support from highly rated reinsurers, which contributes to its robust capital position and operational stability.

What is the significance of AIG's restructuring initiatives?

AIG's restructuring initiatives, including the spin-off of Corebridge Financial, aim to streamline operations, enhance financial flexibility, and position the company for future growth and profitability.

How does AIG manage risk and pricing in its insurance products?

AIG employs numerous underwriting and risk management initiatives, along with positive pricing momentum across key business lines, to manage risk and ensure competitive and profitable product pricing.

What is AIG's approach to capital management?

AIG focuses on returning value to shareholders through share repurchases and dividends, managing financial debt, and executing strategic transactions to optimize its capital structure.

American International Group, Inc.

NYSE:AIG

AIG Rankings

AIG Stock Data

47.66B
622.19M
0.26%
94.1%
1.33%
Insurance - Diversified
Fire, Marine & Casualty Insurance
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United States of America
NEW YORK