American Intl Group Inc Stock Price, News & Analysis

American International Group (NYSE: AIG) appointed Sabra Purtill as Executive Vice President and Chief Investment Officer of its Life & Retirement business, which will soon be rebranded as Corebridge Financial, Inc. Ms. Purtill has extensive experience in risk management and capital markets, previously serving as Chief Risk Officer and Deputy CFO at AIG. Her expertise will support the strategic separation of Life & Retirement from AIG, enhancing asset management capabilities. This move is viewed positively by leadership as AIG prepares for an Initial Public Offering.

American International Group (AIG) announced the redemption of its 1.500% Notes Due 2023, totaling €750 million, effective May 10, 2022. Registered holders will receive a redemption price per €1,000 principal, which includes accrued interest up to the redemption date. This announcement does not serve as a notice of redemption; holders should refer to the trustee, The Bank of New York Mellon, for further details. AIG also cautioned that future results may differ from expectations due to inherent uncertainties.

American International Group (AIG) will announce its financial results for Q1 2022 on May 3, 2022, after market closure. Following the release, a conference call is scheduled for May 4, 2022, at 8:30 a.m. ET for a comprehensive review. AIG, listed on the NYSE under the symbol AIG, provides a diverse range of insurance and financial services globally, aiming to protect assets and ensure retirement security for its clients.

American International Group (AIG) announced the conclusion of its cash purchase Offers for Notes, raising the Maximum Purchase Consideration from $6 billion to $7.06 billion. The Offers, which expired on April 6, 2022, resulted in a substantial $10.95 billion in Notes validly tendered. AIG accepted $6.80 billion in Notes for purchase, primarily from series of Acceptance Priority Levels 1-14 and 16. Holders of accepted Notes will receive cash payments on the Initial Settlement Date of April 8, 2022. The press release is not an offer to purchase or sell securities.

American International Group (AIG) has announced the pricing terms for its tender offers to purchase outstanding notes totaling up to $6 billion. The offers include several series of Fixed Spread Notes, with detailed terms provided in the Offer to Purchase and related documents. The expiration for these offers is set for 5:00 p.m. on April 6, 2022, with additional deadlines for guaranteed delivery. Key financial metrics include various Total Considerations based on the series of notes, highlighting investments across different maturity dates.

AIG Retirement Services has launched the FutureFIT® Wellness Check, an interactive tool designed to help retirement plan participants enhance their financial wellness. This assessment provides personalized action plans that cover budgeting, savings, debt management, and retirement planning for all eligible employees. Chief Distribution Officer Gilliane Isabelle emphasized AIG's commitment to improving retirement planning accessibility. The tool aims to boost employee engagement in financial planning by offering easily digestible education modules.

American International Group (AIG) has launched 23 separate offers to purchase outstanding notes totaling up to $6 billion in cash. The Offers will prioritize the acceptance of Notes based on predefined levels, ensuring all validly tendered Notes are accepted without proration. The Offers are contingent upon a repayment condition from Corebridge Financial of at least $5.5 billion and are scheduled to expire on April 6, 2022. Holders may withdraw their tenders prior to this date. The firm retains discretionary rights to amend the terms of the Offers if necessary.

American International Group (AIG) announced that its subsidiary, Corebridge Financial, intends to offer senior unsecured notes in connection with the separation of AIG's Life & Retirement business. The offering will be a private placement exempt from U.S. Securities Act registration, targeting qualified institutional buyers and non-U.S. persons. This announcement does not constitute an offer or solicitation for the Notes, which will be detailed in an offering memorandum sent to potential investors. Forward-looking statements indicate potential uncertainties affecting results.

American International Group (AIG) has announced the appointment of a new Board of Directors for Corebridge Financial, its Life & Retirement business, reflecting progress towards its intended separation. Peter Zaffino, AIG's CEO, emphasizes the board’s diverse expertise aimed at strong corporate governance. Independent directors include leaders from notable firms like Assurant and BlackRock. AIG will retain over 50% ownership post-IPO, with senior AIG executives also on the board. Specific details on potential separation timelines and terms remain uncertain, pending regulatory approvals.