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 |
|---|---|---|---|
| 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 |
| 11/21/2023 | Hold → Buy | Argus |
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
Corebridge Financial, Inc. (NYSE:CRBG) today announced that the previously announced secondary offering by American International Group, Inc. (NYSE:AIG) of common stock of Corebridge Financial has priced at $31.20 per share. The offering is expected to close on November 12, 2024, subject to customary closing conditions. AIG, as the selling stockholder, has offered 30 million existing shares of common stock (out of approximately 568 million total shares of common stock outstanding) of Corebridge Financial, corresponding to approximately $936 million of gross proceeds. AIG has also granted a 30-day option to the underwriters to purchase up to an additional 4.5 million shares. All of the net
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
Corebridge Financial, Inc. (NYSE:CRBG) today announced the launch of a secondary offering of its common stock by American International Group, Inc. (NYSE:AIG). AIG, as the selling stockholder, is offering 30 million existing shares of common stock (out of approximately 568 million total shares of common stock outstanding) of Corebridge Financial and has granted a 30-day option to the underwriters to purchase up to an additional 4.5 million shares. All of the net proceeds from the offering will go to AIG. The last reported per share sale price of Corebridge Financial common stock on November 6, 2024 was $33.37. J.P. Morgan and Morgan Stanley are acting as the underwriters for the offering.
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
Summit Boulevard Office will Serve as a Collaborative Space for AIG Colleagues to Advance the Growth of the Company's Core Businesses American International Group, Inc. (NYSE:AIG) today announced plans to consolidate and expand its Atlanta-area footprint with the relocation of its Alpharetta and Buckhead operations to a new innovation hub at 2002 Summit Boulevard Northeast in Brookhaven, Georgia. The Company is designing a collaborative workspace that will accommodate current employees and more than 600 new local hires. AIG is expanding its operations in Atlanta and hiring local talent for various roles across underwriting, claims, operations, data engineering and AI. The new hub will ena
American International Group, Inc. (NYSE:AIG) today announced that it will redeem all of its outstanding Zero Coupon Callable Notes Due 2047 (Common Code 168419864 / ISIN XS1684198648) (the "Notes") on November 22, 2024 (the "Redemption Date"). On the Redemption Date, AIG will pay to the registered holders of the Notes a redemption price equal to 135.631% of the face amount of the Notes outstanding on such Redemption Date. As of October 21, 2024, $400,000,000 face amount of the Notes was outstanding. This press release does not constitute a notice of redemption of the Notes. Holders of the Notes should refer to the notice of redemption delivered to the registered holders of the Notes by Th
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
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 it will redeem all of its outstanding Series A-3 Junior Subordinated Debentures (Common Code 026874BG1 / ISIN XS0291642154) (the "Debentures") on September 16, 2024 (the "Redemption Date"). On the Redemption Date, AIG will pay to the registered holders of the Debentures a redemption price equal to 100% of the principal amount of the Debentures, plus accrued and unpaid interest to, but not including, the Redemption Date. As of September 3, 2024, €41,550,000 aggregate principal amount of the Debentures were outstanding. This press release does not constitute a notice of redemption of the Debentures. Holders of the Debentures
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Ratings for American Intl Gr (NYSE:AIG) were provided by 12 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 3 8 0 0 Last 30D 1 0 0 0 0 1M Ago 0 2 4 0 0 2M Ago 0 0 1 0 0 3M Ago 0 1 3 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $84.58, a high estimate of $93.00, and a low estimate of $78.00. Witnessing a positive shift, the current average has risen by 0.89%
Citigroup analyst Michael Ward maintains American Intl Gr (NYSE:AIG) with a Buy and lowers the price target from $89 to $87.
B of A Securities analyst Joshua Shanker maintains American Intl Gr (NYSE:AIG) with a Neutral and lowers the price target from $84 to $81.
JP Morgan analyst Jimmy Bhullar maintains American Intl Gr (NYSE:AIG) with a Neutral and raises the price target from $80 to $93.
Morgan Stanley analyst Michael Phillips maintains American Intl Gr (NYSE:AIG) with a Equal-Weight and lowers the price target from $82 to $80.
RBC Capital analyst Scott Heleniak reiterates American Intl Gr (NYSE:AIG) with a Outperform and maintains $87 price target.
Keefe, Bruyette & Woods analyst Meyer Shields maintains American Intl Gr (NYSE:AIG) with a Outperform and maintains $87 price target.
Analysts' ratings for American Intl Gr (NYSE:AIG) over the last quarter vary from bullish to bearish, as provided by 14 analysts. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 4 9 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 1 0 0 2M Ago 0 1 3 0 0 3M Ago 1 3 4 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $83.43, a high estimate of $89.00, and a low estimate of $78.00. This upward trend is apparent, with the current average refl
Evercore ISI Group analyst David Motemaden maintains American Intl Gr (NYSE:AIG) with a In-Line and lowers the price target from $81 to $78.
In a strategic move to bolster its travel insurance arm, Zurich Insurance (OTC:ZURVY) announced a $600 million deal to acquire the global personal travel insurance and assistance business of American International Group Inc. (NYSE:AIG). What Happened: The acquisition, which is expected to be finalized by the end of 2024, will see the AIG business integrated with Zurich’s travel insurance provider, Cover-More Group, expanding Zurich’s presence in the U.S., the company said in a press release on Wednesday. Following the acquisition, the combined annual gross written premiums for the expanded Cover-More Group are projected to be around $2 billion. CEO of Zurich Global Ventures, Cara Mo
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
American International Group (NYSE:AIG) today announced that its Board of Directors has elected James (Jimmy) Dunne III as an independent Director, effective December 1, 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231204513027/en/Jimmy Dunne (Photo: Business Wire) Peter Zaffino, Chairman & CEO, AIG, stated: "We are delighted to have someone of Jimmy's caliber join the AIG Board. I have great respect for his exceptional financial and investment acumen and extensive experience in advising on significant and complex matters. His unique perspective will be invaluable to AIG and our stakeholders as we execute on our strategy
American International Group, Inc. (NYSE:AIG) today announced that Roshan Navagamuwa will be joining AIG in December and has been named EVP and Chief Information Officer, effective January 1, 2024. Mr. Navagamuwa will report to Peter Zaffino, AIG Chairman & Chief Executive Officer, and serve on AIG's Executive Leadership Team. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231114592675/en/Roshan Navagamuwa (Photo: Business Wire) As Chief Information Officer, Mr. Navagamuwa will be responsible for AIG's global technology and cybersecurity strategy, managing core infrastructure, technology partnerships and process engineering effo
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
Argus upgraded American Intl from Hold to Buy
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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