American Intl Group Inc Stock Price, News & Analysis

Corebridge Financial (NYSE: CRBG) has announced the pricing of a secondary offering of its common stock by American International Group (NYSE: AIG). The offering consists of 30 million shares priced at $33.65 per share, representing approximately $1.0 billion in gross proceeds.

AIG, as the selling stockholder, has also granted the underwriter Morgan Stanley a 30-day option to purchase up to 4.5 million additional shares. The offering represents approximately 5.6% of Corebridge's total outstanding shares of about 538 million. The transaction is expected to close on August 8, 2025, with all net proceeds going to AIG.

AIG (NYSE:AIG) reported outstanding Q2 2025 results with net income of $1.1 billion ($1.98 per diluted share), compared to a net loss of $4.0 billion in Q2 2024. Adjusted after-tax income reached $1.0 billion ($1.81 per diluted share), marking a 35% increase year-over-year.

Key highlights include General Insurance underwriting income of $626 million (up 46% YoY), a strong combined ratio of 89.3%, and net investment income of $1.5 billion (up 48% YoY). The company returned $2.0 billion to shareholders through $1.8 billion in share repurchases and $254 million in dividends.

AIG maintained strong financial metrics with an 11.0% ROE, 11.7% Core Operating ROE, and parent liquidity of $4.8 billion. Both Moody's and S&P Global upgraded their financial strength ratings of AIG's insurance subsidiaries during the quarter.

Corebridge Financial (NYSE: CRBG) announced a secondary offering of common stock by its major shareholder American International Group (NYSE: AIG). The offering consists of 30 million existing shares with an additional 30-day option for 4.5 million shares. The shares represent a portion of AIG's holdings in CRBG, which currently has approximately 538 million total shares outstanding.

Morgan Stanley & Co. LLC will serve as the underwriter for the offering. All net proceeds from the sale will go to AIG, with no new shares being issued by Corebridge Financial.

American International Group (NYSE: AIG) has appointed John Neal as President, effective December 1, 2025. Neal will lead AIG's General Insurance organization, overseeing North America Commercial Insurance, International Commercial Insurance, and Global Personal Insurance businesses.

Neal, who will report to Chairman & CEO Peter Zaffino, brings significant industry experience as the former CEO of Lloyd's of London (2018-2025) where he led a successful turnaround. Prior to Lloyd's, he served as Group CEO of QBE, holding various senior leadership positions including Chief Underwriting Officer and Chief Operations Officer for European operations.

American International Group (NYSE: AIG) has announced it will release its second quarter 2025 financial results on Wednesday, August 6, 2025, after market close. The company will host a conference call to discuss the results on Thursday, August 7, 2025, at 8:30 a.m. ET.

The financial results press release and supplement will be available on AIG's investor relations website. A public webcast of the conference call will be accessible through the company's website, with a replay available afterward.

AIG has successfully completed and upsized its tender offers for certain outstanding notes, increasing the Maximum Purchase Consideration from $300 million to $455 million. The company accepted $457.14 million in aggregate principal amount of notes across eight priority levels, excluding notes delivered through Guaranteed Delivery Procedures. The tender offers, which expired on June 6, 2025, attracted $475.86 million in valid tenders, plus an additional $2.73 million through Guaranteed Delivery Procedures. Notes with Acceptance Priority Levels 1-8 were fully accepted, while those with levels 9-10 were not accepted and will be returned to holders. Settlement dates are set for June 10 (Initial) and June 12 (Guaranteed Delivery), 2025. Holders of accepted notes will receive the applicable Total Consideration per $1,000 principal amount plus accrued interest.

AIG (NYSE: AIG) has announced pricing terms for its tender offers to purchase outstanding notes for cash up to $300 million aggregate Total Consideration. The tender offers cover 10 different series of notes with varying maturities and interest rates, with acceptance priority levels from 1 to 10. The Total Consideration for each series was calculated based on fixed spreads plus reference security yields. The offers will expire at 5:00 p.m. Eastern time on June 6, 2025, with an Initial Settlement Date expected on June 10, 2025, and a Guaranteed Delivery Settlement Date on June 12, 2025. Holders whose notes are accepted will receive the Total Consideration plus accrued interest. BNP Paribas Securities, BofA Securities, and U.S. Bancorp Investments are serving as Lead Dealer Managers.

AIG has launched 10 separate cash tender offers to purchase outstanding notes for up to $300 million in aggregate Total Consideration. The offers target various series of notes with different acceptance priority levels, ranging from 5.750% Series A-9 Junior Subordinated Debentures to 4.375% Notes Due 2055. The tender offers will expire on June 6, 2025, at 5:00 p.m. Eastern time. Holders who tender their notes will receive the Total Consideration based on fixed spreads plus reference security yields, along with accrued interest. The Initial Settlement Date is expected to be June 10, 2025, with a Guaranteed Delivery Settlement Date of June 12, 2025. Notes will be accepted based on priority levels, subject to the Maximum Purchase Condition of $300 million.

AIG (NYSE: AIG) has announced plans to redeem all outstanding 3.900% Notes Due 2026 on June 26, 2025. The redemption will include the principal amount, accrued and unpaid interest, plus a "make-whole" premium. As of May 15, 2025, the outstanding aggregate principal amount of these Notes stands at $236,160,000. The redemption will be processed through The Bank of New York Mellon, the trustee for the Notes.