American International Group, Inc.
(AIG)
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80.54 USD +0.29
Closed: 17 May, 3:55 pm
Symbol AIG
Market Cap 53.4B
Price 80.54
Open 79.03
52-wk High 80.83
50 Day Avg 76.48
Earnings Announcement 2024-07-30
Website https://www.aig.com
Name American International Group, Inc.
Shares Outstanding 663,668,000
Change % 2.286%
Low 78.86
52-wk Low 52.78
200 Day Avg 67.45
Last Dividend 1.60
Exchange NYSE
Volume 5,749,595
Previous Close 78.74
High 80.77
EPS 6.69
PE 12.04
Avg Volume 4,095,219
CUSIP 026874784
American International Group, Inc. Outlook
Description American International Group, Inc. offers insurance products for commercial, institutional, and individual customers in North America and internationally. The company's General Insurance segment provides 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, such as auto, homeowners, umbrella, yacht, fine art, and collections; voluntary and sponsor-paid personal accident; supplemental health products; extended warranty insurance products; and travel insurance products. Its Life and Retirement segment offers variable annuities, index and fixed annuities, and retail mutual funds; and financial planning and advisory services; record-keeping, 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. The company was founded in 1919 and is headquartered in New York, New York.
Currency USD
ISIN US0268747849
Industry Insurance - Diversified
Changes 1.80
CUSIP 026874784
Range 52.78 - 80.83
Beta 1.03
CIK 0000005272

American International Group, Inc. News

16-May-2024 1:40 PM

AIG to Divest 20% Corebridge Stake to Nippon Life for $3.8B

AIG continues to streamline its operations to intensify focus on its General Insurance business.

16-May-2024 6:20 AM

AIG to Sell 20% of Corebridge to Nippon Life for $3.8 Billion

Insurance giant American International Group has struck a deal to sell a stake in its majority-owned life-and-retirement arm Corebridge Financial to Japan's Nippon Life Insurance for $3.8 billion.

16-May-2024 5:42 AM

AIG to sell 20% stake in Corebridge for $3.8 bln

American International Group said on Thursday it would sell a 20% stake in its life insurance and retirement unit Corebridge Financial for $3.8 billion.

16-May-2024 5:30 AM

AIG Announces Sale of a 20% Ownership Stake of Corebridge to Nippon Life

NEW YORK--(BUSINESS WIRE)--AIG today announced that it has reached an agreement to sell approximately 120 million shares of its Corebridge common stock to Nippon Life Insurance Company (Nippon Life) for $31.47 per share, for an aggregate purchase price of $3.8 billion. The shares represent 20% of the outstanding shares of Corebridge at signing. Under the terms of the transaction, AIG has agreed to maintain a 9.9% ownership stake in Corebridge for two years after the closing. “Nippon Life is wel.

02-May-2024 3:01 PM

Insurance's impact on inflation

CNBC's Contessa Brewer reports on how persisent inflation has been hitting insurance companies.

02-May-2024 1:56 PM

AIG Beats on Q1 Earnings on Lower Costs, Approves Dividend Hike

Higher premiums and deposits in the Life and Retirement unit, and reduced catastrophe losses aid AIG's Q1 results. Management sanctions an increase of up to $10 billion in its buyback authorization.

02-May-2024 12:07 PM

American International Group, Inc. (AIG) Q1 2024 Earnings Call Transcript

American International Group, Inc. (NYSE:AIG ) Q1 2024 Earnings Conference Call May 2, 2024 8:30 AM ET Company Participants Quentin McMillan - Vice President, Managing Director and Head of Investor Relations Peter Zaffino - Chairman and Chief Executive Officer Sabra Purtill - Executive Vice President and Chief Financial Officer Conference Call Participants Michael Zaremski - BMO Capital Markets Elyse Greenspan - Wells Fargo Securities Ryan Tunis - Autonomous Research Robert Cox - Goldman Sachs Michael Ward - Citigroup Operator Good day and welcome to AIG's First Quarter 2024 Financial Results Conference Call. This conference is being recorded.

01-May-2024 10:53 PM

AIG Surpasses Q1 Forecasts Thanks to Lower Catastrophe Losses

AIG's Q1 2024 EPS outpaces estimates, signaling solid performance and operational efficiency. The firm's total net investment income surged, contributing to substantial revenue growth.

01-May-2024 8:01 PM

American International Group (AIG) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

The headline numbers for American International Group (AIG) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

01-May-2024 4:16 PM

AIG Reports Strong First Quarter 2024 Results

NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today reported financial results for the first quarter ended March 31, 2024. AIG Chairman & Chief Executive Officer Peter Zaffino said: “AIG began 2024 with very strong momentum in delivering on our strategic and operational progress while achieving exceptional financial results, reflecting the foundational capabilities we have cultivated over the last several years. In addition to outstanding profitability, this quar.

01-May-2024 8:00 AM

9 Stocks Can Make You Rich In May While Others Flee

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