American International Group, Inc. reports recurring developments across its global insurance operations and capital structure. AIG provides insurance solutions for businesses and individuals in more than 200 countries and jurisdictions through its operations, licenses, authorizations and network partners.
Company news commonly covers General Insurance results, including Global Commercial and Global Personal net premiums written, underwriting income, combined ratio, adjusted after-tax income and net investment income. Updates also include common-stock dividends, share repurchases, governance matters, completed strategic minority stakes in Convex Group and Onex Corporation, and specialty-insurance collaborations such as the McGill and Partners subscription-market initiative using agentic AI capabilities.
AIG Life & Retirement has released findings from the Americans Moving Forward survey, highlighting that 58% of respondents deem long-term financial planning increasingly important. The survey reveals that individuals prioritize saving for retirement (66%), debt repayment (65%), and emergency funds (63%). Notably, 91% value financial products providing lifelong income. Gender disparities were observed: 41% of men reported improved finances versus only 26% of women. Millennials showed the most optimism, with 48% feeling their quality of life improved over the past year.
AIG Retirement Services has been appointed as the exclusive retirement plan provider for Ontario County, New York, serving over 1,000 employees. The county offers a 457(b) deferred compensation plan and a 401(a) savings match plan, totaling approximately $100 million in assets. AIG has over 60 years of experience in assisting government workers with retirement planning. With more than $130 billion in total assets under administration, AIG supports around 2 million customers across 2,200 government entities.
AIG Life & Retirement has launched the Advanced Outcomes Annuity, a variable annuity product that combines growth potential with downside protection. This annuity features structured outcome investments developed with Milliman Financial Risk Management, allowing for greater growth without caps on returns. Financial professionals can utilize Capture-Reset-Reinvest flexibility to adjust investments as needed. With a six-year surrender period, the new annuity offers options for both growth and downside protection, enhancing investment flexibility for clients.
American International Group (NYSE: AIG) is set to report its financial results for the fourth quarter and full year ending December 31, 2021 on February 16, 2022, after market closure. AIG will provide a press release and financial supplement accessible on their website. Following this, a conference call will take place on February 17, 2022, at 8:30 a.m. ET to discuss the results, available via a public webcast.
American International Group (NYSE: AIG) has appointed Marilyn Hirsch as Senior Vice President and Treasurer, effective immediately, reporting to Shane Fitzsimons. Hirsch, who brings over 30 years of experience, will oversee AIG's global Treasury operations, focusing on capital management and liquidity. Additionally, Kathleen Carbone has been named Vice President and Chief Accounting Officer, effective March 1, 2022, succeeding Elias Habayeb. Both appointments aim to strengthen AIG's financial strategy during critical business transitions.
American International Group (AIG) has appointed Graham Fulcher as the new Chief Actuary for International General Insurance, effective Q1 2022. Mr. Fulcher, previously Chief Actuary at Chubb, will focus on pricing, reserving, and aligning actuarial objectives with AIG's strategies. CEO Jon Hancock emphasized that Fulcher's expertise will enhance AIG's risk management and underwriting excellence. AIG operates globally, providing a broad array of insurance products across 80 countries.
American International Group (AIG) and Blackstone have finalized their transaction involving Blackstone Real Estate Income Trust (BREIT) acquiring AIG's interests in a U.S. affordable housing portfolio. This deal aligns with BREIT's strategy to provide yield-oriented investments. AIG employees associated with this portfolio are given the opportunity to transition to the Blackstone-affiliated company managing these assets.
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American International Group (NYSE: AIG) has announced the promotion of Rose Marie E. Glazer to Executive Vice President & Chief Human Resources Officer, effective January 1, 2022. Glazer, previously the Deputy General Counsel and Corporate Secretary, will report to Peter Zaffino, President & CEO, and will join AIG’s Executive Leadership Team. Glazer emphasized her commitment to ensuring AIG remains an attractive and inclusive workplace while continuing to support the company's turnaround efforts.
AIG has selected AWS as its preferred cloud provider to support its digital transformation strategy, 'AIG 200'. This initiative aims to modernize AIG's technology infrastructure and improve customer experiences for its 90 million policyholders. AIG intends to migrate most of its workloads to the cloud, enhancing operational efficiency and security. This partnership builds on a relationship that began in 2017 and will accelerate significantly over the next two years. AIG aims to leverage AWS's cloud capabilities to deliver better services and create long-term shareholder value.