Welcome to our dedicated page for American Intl Group news (Ticker: AIG), a resource for investors and traders seeking the latest updates and insights on American Intl Group stock.
American International Group, Inc. (NYSE: AIG) is a global insurance organization whose news flow centers on property and casualty insurance operations, capital allocation, strategic investments and leadership developments. This AIG news page aggregates company press releases and market updates so readers can follow how the organization describes its performance, strategy and governance over time.
Recent AIG news has included quarterly financial results for its general insurance business, highlighting underwriting income, combined ratios and adjusted earnings metrics. The company has also reported capital return actions such as cash dividends and share repurchases, as well as changes in the value and level of its ownership interest in Corebridge Financial, Inc. News items often detail how underwriting discipline, catastrophe-related charges, prior year development and investment income affect reported results.
AIG’s updates also cover strategic transactions and partnerships. These include agreements to acquire renewal rights for a majority of Everest Group Ltd.’s retail insurance portfolios worldwide, planned minority equity investments in Convex Group Limited and Onex Corporation, and the formation of Lloyd’s Syndicate 2479 with Amwins and funds managed by Blackstone. The company has also announced a strategic shareholding and long-term commercial partnership with Salford City FC, reflecting its involvement in a football club alongside its core insurance activities.
Corporate governance and leadership changes are another key theme in AIG’s news. Filings and releases have described amendments to by-laws, board changes, senior executive appointments and succession plans, including the announced intention of the current Chairman & CEO to transition to Executive Chair and retire as CEO, and the planned arrival of a President and CEO-elect. Investors, analysts and policyholders can use this page to review how AIG communicates its insurance operations, strategic initiatives, technology collaborations and leadership evolution.
American International Group (AIG) has announced the results of its cash offers to purchase various series of Notes, increasing the maximum purchase consideration from $1.0 billion to $1.14 billion. The Offers expired on November 17, 2021, with $2.18 billion of Notes validly tendered. A total of $682.48 million in combined principal has been accepted, and the settlement dates are November 19, 2021, for initial payments and November 23, 2021, for guaranteed deliveries. AIG did not accept Notes with lower acceptance priority levels.
American International Group (AIG) has announced pricing terms for its tender offers to purchase up to $1.0 billion in outstanding notes. The Offers will expire at 5:00 p.m. ET on November 17, 2021, and are not conditioned on a minimum principal amount being tendered. Each series of Fixed Spread Notes has specific Total Considerations ranging from £975.00 to $1,676.21, reflecting calculated yields based on reference securities. The Offers are subject to conditions, and the accepted notes will receive cash payments on specified settlement dates.
American International Group, Inc. (NYSE: AIG) announced plans to redeem all outstanding 5.60% Debentures due July 31, 2097, originally issued by SunAmerica, Inc.. The redemption will occur on December 8, 2021, with a total of $2,124,000 in principal outstanding as of November 2, 2021. Registered holders will receive a redemption price of $1,000 plus accrued interest up to the redemption date. AIG emphasized that this release does not serve as a notice of redemption and advised debenture holders to refer to notifications by the appointed trustee.
American International Group (AIG) has initiated 15 separate offers to purchase outstanding notes for a maximum cash amount of $1 billion, excluding accrued coupon payments. The purchase will adhere to established acceptance priority levels, with no proration for accepted notes. The offers will expire at 5:00 p.m. (Eastern time) on November 17, 2021. AIG may increase or waive the maximum purchase consideration at its discretion. Holders of notes must comply with specific tender procedures to qualify for the total consideration.
American International Group (AIG) reported strong financial results for Q3 2021, with net income attributable to common shareholders rising to $1.7 billion ($1.92 per share) from $281 million ($0.32 per share) in the prior year. General Insurance net premiums written grew 11% due to a 17% increase in Commercial Lines. The combined ratio improved by 7.5 points to 99.7%. AIG also completed a $2.2 billion equity stake sale as part of its Life and Retirement separation strategy. Adjusted after-tax income per diluted share increased by 20% to $0.97. The company ended Q3 with $5.3 billion in liquidity.
American International Group (AIG) and Blackstone have officially closed the transaction for Blackstone to acquire a 9.9% equity stake in AIG’s Life & Retirement business. Additionally, Blackstone will manage an initial $50 billion of AIG Life & Retirement’s investment portfolio.
This partnership aims to leverage Blackstone's investment expertise to enhance AIG's offerings in life insurance and retirement solutions, providing long-term value for shareholders.
American International Group (AIG) has announced significant leadership changes aimed at enhancing its operational performance and preparing its Life & Retirement business for a future IPO. Effective January 1, 2022, Mark Lyons will transition to Global Chief Actuary & Head of Portfolio Management, with Shane Fitzsimons appointed as CFO. Elias Habayeb becomes CFO for Life & Retirement, while Elaine Rocha assumes the role of Global Chief Investment Officer. Ted Devine joins as Global Head of AIG 200, focusing on modernization efforts. These changes are designed to enhance AIG's long-term profitability.
American International Group, Inc. (AIG) will announce its third-quarter financial results for the period ending September 30, 2021, following market closure on November 4, 2021. The press release and financial supplement will be accessible on AIG's official website. Additionally, AIG will host a public conference call on November 5, 2021, at 8:30 a.m. ET to discuss these results, with a replay available afterward. AIG operates globally, offering various insurance and financial services in approximately 80 countries.
AM Best has affirmed the Long-Term Issuer Credit Rating of “bbb” and a Financial Strength Rating of A (Excellent) for American International Group, Inc. (AIG) and its subsidiaries. The outlook remains stable. AIG's risk-adjusted capital level is at the strongest level, though historical performance has lagged peers due to poor underwriting in its property/casualty (P/C) segment. However, recent improvements and better risk management strategies are noted. The planned separation of AIG's life and retirement business is not expected to affect ratings in the near term, with positive capital and liquidity outlooks.
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