American International Group, Inc. provides insurance products for commercial, institutional, and individual customers in North America and internationally. The company's General Insurance segment offers general liability, environmental, commercial automobile liability, workers' compensation, casualty, and crisis management insurance products; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, crop, and marine insurance. It also provides professional liability insurance products for a range of businesses and risks, including directors and officers, mergers and acquisitions, fidelity, employment practices, fiduciary liability, cyber risk, kidnap and ransom, and errors and omissions insurance. In addition, this segment offers personal auto and property insurance, voluntary and sponsor-paid personal accident, and supplemental health products; extended warranty insurance products; and travel insurance products. Its Life and Retirement segment offers variable annuities, fixed index and fixed annuities, and retail mutual funds; group mutual funds, group and individual annuities, and investment products, and financial planning and advisory services; plan administrative and compliance services; and term life and universal life insurance. It also provides stable value wrap products, and structured settlement and pension risk transfer annuities; and corporate- and bank-owned life insurance and guaranteed investment contracts. This segment sells its products through independent marketing organizations, independent insurance agents, financial advisors, direct marketing, banks, and broker-dealers. American International Group, Inc. was founded in 1919 and is based in New York, New York.
IPO Year:
Exchange: NYSE
Website: aig.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/8/2025 | $83.00 → $79.00 | Buy → Neutral | Goldman |
| 10/15/2024 | $90.00 → $84.00 | Outperform → Market Perform | BMO Capital Markets |
| 10/10/2024 | $93.00 → $89.00 | Neutral → Overweight | JP Morgan |
| 9/5/2024 | $90.00 | Overweight | Barclays |
| 5/15/2024 | $86.00 | Buy → Hold | HSBC Securities |
| 2/20/2024 | $75.00 → $77.00 | Buy → Neutral | BofA Securities |
| 1/10/2024 | $78.00 | Market Perform | TD Cowen |
| 1/8/2024 | $73.00 | Neutral | JP Morgan |
| 12/28/2023 | $86.00 | Buy | HSBC Securities |
| 12/19/2023 | $72.00 → $83.00 | Market Perform → Outperform | BMO Capital Markets |
American International Group, Inc. (NYSE:AIG) today announced that Christopher Flatt, currently Head of AIG North America Alternative Channels, has been named Global Chief Underwriting Officer, effective immediately. Mr. Flatt will report directly to Peter Zaffino, Chairman & Chief Executive Officer, AIG and join the company's Executive Leadership Team. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250109308109/en/Christopher Flatt (Photo: Business Wire) "Chris is a highly respected insurance executive with over 30 years of experience in underwriting, risk management and reinsurance," said Peter Zaffino, Chairman & Chief Execut
Private Client Select Insurance Services LLC (PCS), a leading independent Managing General Underwriter that is majority owned by Stone Point Capital LLC and American International Group, Inc. (NYSE:AIG), today announced that Ross Bowie has been appointed Chief Executive Officer, effective immediately. Mr. Bowie joined Private Client Select in February 2024 as President and Chief Risk Officer with responsibility for optimizing the company's portfolio and improving the financial performance of Private Client Select. "Ross has a strong track record of success in leadership roles within the insurance and financial services sectors," said Jim Matthews, Managing Director, Stone Point Capital.
American International Group, Inc. (NYSE:AIG) today announced that it has led the launch of a new reinsurance syndicate at Lloyd's. Syndicate 2478 will commence underwriting from January 1, 2025, and will be a multi-year participant on AIG's outwards reinsurance program. The syndicate, which will be managed by Talbot Underwriting Limited at Lloyd's, has approved stamp capacity of $715 million for the 2025 Year of Account. Syndicate 2478 will be supported by third-party capital from funds managed by Blackstone through Lloyd's innovative London Bridge 2 PCC structure. Blackstone will act as investment manager for syndicate assets. The premium written by the Syndicate will access risk from
American International Group, Inc. (NYSE:AIG) today announced the results of its previously announced 12 separate offers (the "Offers") to purchase for cash the notes of the series listed in the table below (collectively, the "Notes") and that it has amended the Offers by increasing the applicable Maximum Purchase Consideration from $750 million to $1.16 billion. The Offers were made pursuant to AIG's Offer to Purchase, dated December 6, 2024 (the "Offer to Purchase"), which sets forth a more comprehensive description of the terms and conditions of each Offer, and the accompanying notice of guaranteed delivery (the "Notice of Guaranteed Delivery" and, together with the Offer to Purchase, th
American International Group, Inc. (NYSE:AIG) today announced the pricing terms for each series of the Notes included in its previously announced tender offers (the "Offers") to purchase outstanding notes of the series listed in the table below (collectively, the "Notes") for cash up to a maximum $750 million aggregate amount of Total Consideration (as defined below), excluding the Accrued Coupon Payment (as defined below). The Offers are being made pursuant to AIG's Offer to Purchase, dated December 6, 2024 (the "Offer to Purchase"), which sets forth a more comprehensive description of the terms and conditions of each Offer, and the accompanying notice of guaranteed delivery (the "Notice o
American International Group, Inc. (NYSE:AIG) today announced that is has successfully closed the previously announced sale of approximately 120 million shares of its Corebridge Financial, Inc. ("Corebridge") common stock to Nippon Life Insurance Company for $31.47 per share, for an aggregate purchase price of $3.8 billion. Wachtell, Lipton, Rosen & Katz acted as legal counsel and J.P. Morgan Securities LLC acted as financial advisor for AIG. Forward Looking Statements Certain statements in this press release and any related oral statements may constitute forward-looking statements. These statements are not historical facts but instead represent only the relevant party's belief regard
AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of "a+" (Excellent) of American International Group, Inc.'s (AIG) property/casualty (P/C) insurance subsidiaries (collectively referred to as AIG PC). At the same time, AM Best has affirmed the Long-Term ICR of "bbb+" (Good) of AIG (headquartered in New York, NY) (NYSE:AIG). The outlook of these Credit Ratings (ratings) is stable. (Please see below for a detailed listing of the companies and ratings.) The ratings of AIG PC reflect its balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, favorable busines
American International Group, Inc. (NYSE:AIG) today announced that it has commenced 12 separate offers (each, an "Offer" and collectively, the "Offers") to purchase outstanding notes of the series listed in the table below (collectively, the "Notes") for cash up to a maximum $750 million aggregate amount of Total Consideration (as defined below), excluding the Accrued Coupon Payment (as defined below). The series of Notes that are purchased in the Offers will be based on the acceptance priority levels (each, an "Acceptance Priority Level") set forth in the table below, except where acceptance of a series of Notes would cause the Maximum Purchase Condition (as defined below) to be violated,
American International Group, Inc. (NYSE:AIG) today announced that it successfully closed the previously announced sale of its global individual personal travel insurance and assistance business, including Travel Guard, to Zurich Insurance Group on December 2, 2024. As disclosed upon the signing of the definitive agreement in June 2024, the sale excludes Japan, AIG's joint venture arrangement in India, and travel coverages offered through AIG's Group Accident & Health business. Evercore Group L.L.C. acted as financial advisor and Willkie Farr & Gallagher LLP and Norton Rose Fulbright LLP acted as legal counsel for AIG. About AIG American International Group, Inc. (NYSE:AIG) is a lea
American International Group, Inc. (NYSE:AIG) today announced that Christopher Schaper has been appointed Chief Risk Officer of AIG, effective immediately. Mr. Schaper will continue to report to Peter Zaffino, AIG Chairman & Chief Executive Officer and will continue to serve on AIG's Executive Leadership Team. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241112607887/en/Christopher Schaper (Photo: Business Wire) Mr. Schaper has held the role of Chief Risk Officer on an interim basis since September 2024, while also serving as AIG's Global Chief Underwriting Officer. As Chief Risk Officer, Mr. Schaper will oversee AIG's global
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Strong General Insurance net premiums written of $6.4 billion, a decrease of 1% on a reported basis, or an increase of 6% on a comparable basis*† Global Commercial Lines net premiums written of $4.5 billion, a decrease of 2% on a reported basis, or an increase of 7% on a comparable basis†, led by excellent growth in North America Commercial Lines of 11%† Outstanding new business written in Global Commercial Lines of $1.1 billion, growing 9% year-over-year Combined ratio was 92.6%; Accident year combined ratio, as adjusted* (AYCR) was 88.3% Net income per diluted share was $0.71, compared to $2.81 in the prior year quarter, which still included Corebridge's consolidated results Ad
American International Group, Inc. (NYSE:AIG) will report financial results for the third quarter ended September 30, 2024, after the market closes on Monday, November 4, 2024. AIG's press release and financial supplement will be available in the Investors section of AIG's website at https://www.aig.com. AIG will also host a conference call on Tuesday, November 5, 2024, at 8:30 a.m. ET to review these results. The live, listen-only webcast is open to the public and can be accessed in the Investors section of https://www.aig.com. A replay will be available after the call at the same location. About AIG American International Group, Inc. (NYSE:AIG) is a leading global insurance organizatio
Second Quarter 2024 Results Reflect the Successful Corebridge Financial Deconsolidation General Insurance net premiums written (NPW) of $6.9 billion, a decrease of 8% on a reported basis, and an increase of 7% on a comparable basis*† led by North America Commercial with 10%† growth Produced record Commercial Lines new business of $1.3 billion, an increase of 18% year-over-year coupled with continued strong retention globally General Insurance combined ratio was 92.5%, an increase of 160 basis points year-over-year, or 10 basis points on a comparable basis† Accident year combined ratio, as adjusted* (AYCR) was 87.6%, an improvement of 40 basis points year-over-year, or 170 basis
American International Group, Inc. (NYSE:AIG) will report financial results for the second quarter ended June 30, 2024, after the market closes on Wednesday, July 31, 2024. AIG's press release and financial supplement will be available in the Investors section of AIG's website at https://www.aig.com. AIG will also host a conference call on Thursday, August 1, 2024, at 8:30 a.m. ET to review these results. The live, listen-only webcast is open to the public and can be accessed in the Investors section of https://www.aig.com. A replay will be available after the call at the same location. About AIG American International Group, Inc. (NYSE:AIG) is a leading global insurance organization.
Net income per diluted share was $1.74 and adjusted after-tax income* (AATI) per diluted share was $1.77 General Insurance underwriting income increased 19% year-over-year to $596 million, or 67% on a comparable basis*† General Insurance adjusted pre-tax income (APTI) increased 9% year-over-year to $1.4 billion, or 27% on a comparable basis† General Insurance combined ratio improved 2.1 points from the prior year quarter to 89.8%; Accident year combined ratio, as adjusted* (AYCR) improved 0.3 points from the prior year quarter to 88.4%, or 1.6 points on a comparable basis† As a result of the 2023 divestitures, General Insurance net premiums written (NPW) of $4.5 billion decreas
American International Group, Inc. (NYSE:AIG) will report financial results for the first quarter ended March 31, 2024, after the market closes on Wednesday, May 1, 2024. AIG's press release and financial supplement will be available in the Investors section of AIG's website at https://www.aig.com. AIG will also host a conference call on Thursday, May 2, 2024, at 8:30 a.m. ET to review these results. The live, listen-only webcast is open to the public and can be accessed in the Investors section of https://www.aig.com. A replay will be available after the call at the same location. About AIG American International Group, Inc. (NYSE:AIG) is a leading global insurance organization. AIG
Fourth Quarter 2023: Net income per diluted share was $0.12 and adjusted after-tax income* (AATI) per diluted share was $1.79 General Insurance net premiums written (NPW) increased 3% year-over-year, or 7% on a comparable basis*† General Insurance combined ratio improved 80 basis points from the prior year quarter to 89.1%; General Insurance accident year combined ratio, as adjusted* (AYCR) improved 50 basis points from the prior year quarter to 87.9% General Insurance adjusted pre-tax income (APTI) of $1.4 billion increased $225 million, or 19% from the prior year quarter Life and Retirement APTI was $957 million, up 12% from the prior year quarter Returned $1.3 billion t
American International Group, Inc. (NYSE:AIG) today announced that it will redeem all outstanding shares of its Series A 5.85% Non-Cumulative Perpetual Preferred Stock (CUSIP 026874 750 / ISIN US0268747500) (the "Series A Preferred Stock") and all the corresponding Depositary Shares (CUSIP 026874 768 / ISIN US0268747682) (the "Depositary Shares"), each representing a 1/1,000th interest in a share of Series A Preferred Stock, on March 15, 2024 (the "Redemption Date"). The redemption price per share of Series A Preferred Stock will be $25,000 (equivalent to $25.00 per Depositary Share) (the "Redemption Price"). The Redemption Price does not include an amount equal to any dividends per share t
American International Group, Inc. (NYSE:AIG) will report financial results for the fourth quarter and full year ended December 31, 2023, after the market closes on Tuesday, February 13, 2024. AIG's press release and financial supplement will be available in the Investors section of AIG's website at https://www.aig.com. AIG will also host a conference call on Wednesday, February 14, 2024, at 8:30 a.m. ET to review these results. The live, listen-only webcast is open to the public and can be accessed in the Investors section of https://www.aig.com. A replay will be available after the call at the same location. About AIG American International Group, Inc. (AIG) is a leading global insu
Net income per diluted share was $2.81, and adjusted after-tax income* (AATI) per diluted share was $1.61, an increase of 92% from the prior year quarter General Insurance combined ratio was 90.5%, an improvement of 680 basis points from the prior year quarter, including 6.9 points of catastrophe losses and 2.7 points of favorable prior year development (PYD), net of reinsurance and prior year premiums General Insurance accident year combined ratio, as adjusted* (AYCR) was 86.3%, an improvement of 210 basis points from the prior year quarter, driven by the outstanding performance of the Commercial Lines AYCR of 81.7% General Insurance net premiums written (NPW) increased 1% year-o
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Goldman downgraded American Intl from Buy to Neutral and set a new price target of $79.00 from $83.00 previously
BMO Capital Markets downgraded American Intl from Outperform to Market Perform and set a new price target of $84.00 from $90.00 previously
JP Morgan upgraded American Intl from Neutral to Overweight and set a new price target of $89.00 from $93.00 previously
Barclays initiated coverage of American Intl with a rating of Overweight and set a new price target of $90.00
HSBC Securities downgraded American Intl from Buy to Hold and set a new price target of $86.00
BofA Securities downgraded American Intl from Buy to Neutral and set a new price target of $77.00 from $75.00 previously
TD Cowen initiated coverage of American Intl with a rating of Market Perform and set a new price target of $78.00
JP Morgan resumed coverage of American Intl with a rating of Neutral and set a new price target of $73.00
HSBC Securities initiated coverage of American Intl with a rating of Buy and set a new price target of $86.00
BMO Capital Markets upgraded American Intl from Market Perform to Outperform and set a new price target of $83.00 from $72.00 previously
American International Group, Inc. (NYSE:AIG) today announced that Christopher Flatt, currently Head of AIG North America Alternative Channels, has been named Global Chief Underwriting Officer, effective immediately. Mr. Flatt will report directly to Peter Zaffino, Chairman & Chief Executive Officer, AIG and join the company's Executive Leadership Team. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250109308109/en/Christopher Flatt (Photo: Business Wire) "Chris is a highly respected insurance executive with over 30 years of experience in underwriting, risk management and reinsurance," said Peter Zaffino, Chairman & Chief Execut
Private Client Select Insurance Services LLC (PCS), a leading independent Managing General Underwriter that is majority owned by Stone Point Capital LLC and American International Group, Inc. (NYSE:AIG), today announced that Ross Bowie has been appointed Chief Executive Officer, effective immediately. Mr. Bowie joined Private Client Select in February 2024 as President and Chief Risk Officer with responsibility for optimizing the company's portfolio and improving the financial performance of Private Client Select. "Ross has a strong track record of success in leadership roles within the insurance and financial services sectors," said Jim Matthews, Managing Director, Stone Point Capital.
American International Group, Inc. (NYSE:AIG) today announced that Christopher Schaper has been appointed Chief Risk Officer of AIG, effective immediately. Mr. Schaper will continue to report to Peter Zaffino, AIG Chairman & Chief Executive Officer and will continue to serve on AIG's Executive Leadership Team. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241112607887/en/Christopher Schaper (Photo: Business Wire) Mr. Schaper has held the role of Chief Risk Officer on an interim basis since September 2024, while also serving as AIG's Global Chief Underwriting Officer. As Chief Risk Officer, Mr. Schaper will oversee AIG's global
American International Group, Inc. (NYSE:AIG) today announced that Courtney Leimkuhler, co-founder and Managing Partner of the venture fund, Springbank, has been elected to its Board of Directors as an independent Director, effective November 5, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241107197854/en/Courtney Leimkuhler (Photo: Business Wire) Ms. Leimkuhler is a highly accomplished executive who previously held positions at Goldman Sachs, NYSE Euronext and MarshMcLennan. Ms. Leimkuhler began her career in investment banking at Goldman Sachs, before spending nearly a decade at NYSE Euronext, where she was the Head of
American International Group, Inc. (NYSE:AIG) today announced that Keith Walsh will join the company as Executive Vice President, Chief Financial Officer, effective October 21, 2024. Mr. Walsh will report to AIG Chairman & Chief Executive Officer, Peter Zaffino and become a member of the Executive Leadership Team. He will be responsible for leading AIG's global Finance organization and will be based in New York. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240918405924/en/Keith Walsh (Photo: Business Wire) "Keith is a highly accomplished executive with deep financial expertise and significant investor experience in the financia
American International Group, Inc. (NYSE:AIG), today announced that Melissa Twiningdavis has been appointed Executive Vice President, Chief Administrative Officer, effective September 1, 2024. Ms. Twiningdavis will report to AIG Chairman and Chief Executive Officer, Peter Zaffino with responsibility for global administrative services, including global sourcing and procurement, real estate and facilities, and shared services operations. She will become a member of AIG's Executive Leadership Team and will be based in New York. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240715172009/en/Melissa Twiningdavis (Photo: Business Wire
American International Group, Inc. (NYSE:AIG) today announced the appointment of Adam Burk as Global Treasurer and Head of Corporate Development, effective immediately. He will continue to report to Sabra Purtill, Executive Vice President, Chief Financial Officer, with responsibility for AIG's global treasury activities, including capital management, banking and rating agency relations, global capital markets, liquidity management, and cash management, in addition to his current role leading the Corporate Development and Strategy team. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240708716442/en/Adam Burk (Photo: 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. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240522066132/en/Gordon Browne (Photo: Business Wire) As AIG's Global Head of Specialty, Mr. Browne will be responsible for leading the global strategy to adva
American International Group, Inc. (NYSE:AIG) today announced that Kelly Lafnitzegger will join AIG as Executive Vice President and Chief Human Resources & Diversity Officer (CHRO), effective June 1, 2024. Ms. Lafnitzegger will report to Peter Zaffino, AIG Chairman & Chief Executive Officer, and will be a part of AIG's Executive Leadership Team. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240429230680/en/Kelly Lafnitzegger (Photo: Business Wire) As CHRO, Ms. Lafnitzegger will lead AIG's global human resources organization with responsibility for aligning AIG's talent strategy with the company's strategic and operational objec
RYZE Claim Solutions ("RYZE" or "the Company"), a leading full-service claims management business, today announced the appointment of Stuart Myers and Christopher Conti, two highly regarded experts in the insurance and investment industries, to the Board of Directors. Myers and Conti bring decades of leadership experience, driving innovation, increasing efficiency, and improving client satisfaction for a number of established insurance companies throughout their tenured careers. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240422798430/en/Stuart Myers (Photo: Business Wire) "With significant expertise in insurance, investments