American Intl Group Inc Stock Price, News & Analysis

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.

AIG reported strong Q1 2025 results with net income of $698 million ($1.16 per share) and adjusted after-tax income of $702 million ($1.17 per share). The company achieved net premiums written of $4.5 billion, showing 8% growth on a comparable basis. Global Commercial saw impressive growth with net premiums written of $3.2 billion, up 10%. The company reported its best first quarter accident year combined ratio of 87.8% since the financial crisis. AIG demonstrated strong shareholder returns, distributing $2.5 billion to shareholders through $2.2 billion in share repurchases and $234 million in dividends. The Board approved a 12.5% increase in quarterly dividend to $0.45 per share. Despite elevated catastrophe losses including $460 million from California wildfires, AIG maintained strong financial metrics with parent liquidity of $4.9 billion and a debt-to-capital ratio of 17.1%.

AIG (NYSE: AIG) has appointed Ray Hall as Head of Western World, effective immediately. Hall, who joined AIG in 2020 as Western World's National Director, will report to Lou Levinson, President and CEO of Lexington Insurance. Based in Scottsdale, Arizona, Hall will be responsible for executing Western World's strategies in the contract bind market through wholesale brokers.

Western World, an AIG company, specializes in wholesale solutions for contract bind property, casualty, and garage segments as part of AIG's Excess & Surplus lines platform. Hall brings 27 years of industry experience and has played a key role in transforming Western World's contract bind franchise through product development, enhanced underwriting discipline, talent acquisition, and strengthening broker relationships.