American Intl Group Inc Stock Price, News & Analysis

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 (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.

AIG (NYSE: AIG) has announced it will release its first quarter 2025 financial results on May 1, 2025, after market close. The company will make its financial results and supplementary materials available on their investor relations website. A conference call to discuss the quarterly results is scheduled for May 2, 2025, at 8:30 a.m. ET. The public can access the live webcast through AIG's website, where a replay will also be available after the call.

AIG (NYSE: AIG) has announced the election of Juan Perez, Executive Vice President and Chief Information Officer of Salesforce, to its Board of Directors as an independent Director. Perez brings over 30 years of experience in leading strategic technology initiatives at Fortune 500 companies, with expertise in artificial intelligence, data strategy, and digital transformation.

In his current role at Salesforce, Perez oversees the global IT organization and data strategy while advising on product strategy. Previously, as CIO and Engineering Officer at UPS, he led the implementation of advanced analytics and AI technologies. Perez holds degrees in industrial and systems engineering and computer and manufacturing engineering from the University of Southern California, and serves as a director at The Hershey Company and Wabtec

AIG reported strong Q4 2024 results with net income of $898 million ($1.43 per diluted share), compared to $86 million ($0.12) in Q4 2023. General Insurance net premiums written reached $6.1 billion, up 6% year-over-year. The combined ratio was 92.5%, with an accident year combined ratio of 88.6%.

For full year 2024, General Insurance net premiums written were $23.9 billion, with Global Commercial net premiums of $16.8 billion. The company reported a net loss of $2.17 per diluted share, primarily due to Corebridge deconsolidation impact. Adjusted after-tax income was $4.95 per diluted share, up 12% year-over-year.

AIG executed $9.7 billion in capital management actions, including $6.6 billion in share repurchases, $1.0 billion in dividends, $1.6 billion in net debt reduction, and $500 million in preferred stock redemption. The company ended 2024 with parent liquidity of $7.7 billion and a debt-to-total capital ratio of 17.0%.

AIG (NYSE: AIG) has announced plans to host an Investor Day on Monday, March 31, 2025. The event will commence at 8:30 a.m. ET. Investors and interested parties will be able to access a live webcast of the presentation along with related materials through the Investors section of AIG's website. For those unable to attend the live event, a replay will be made available on the same platform following the presentation.