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.
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AIG (NYSE: AIG) announced strategic minority investments in Convex Group and Onex Corporation on October 30, 2025. AIG will acquire a 35% stake in Convex for approximately $2.1 billion and participate in a whole account quota share of Convex’s underwriting portfolio commencing January 1, 2026. AIG will also buy a 9.9% stake in Onex for about $646 million and commit $2.0 billion to Onex investment funds over three years with preferred access. Onex will hold a 63% ownership of Convex after the transactions. Both deals are expected to be accretive to earnings and return on equity in the first year post closing and are projected to close in H1 2026, subject to regulatory approvals and customary conditions.
AIG (NYSE: AIG) entered definitive agreements to acquire the renewal rights for a majority of Everest Group (NYSE: EG) retail insurance portfolios worldwide, representing approximately $2 billion of aggregate premium.
Everest will retain exposure to all liabilities and continue to administer claims. AIG said it expects the renewal-rights transactions to drive incremental growth in its general insurance portfolio and to support EPS and return on equity expansion while writing these policies within its existing balance sheet with no incremental capital required.
AIG expects to begin writing policies for existing Everest clients on January 1, 2026 outside the European Union, and to expand to Everest EU portfolios in Q1 2026 subject to regulatory approvals. Terms were not disclosed. Financial and legal advisors for the parties were named.
Everest (NYSE: EG) announced definitive agreements to sell the renewal rights for its Global Retail Commercial Insurance business to AIG on October 27, 2025. The rights cover Everest’s U.S., U.K., Europe, and Asia Pacific commercial retail businesses, totaling an estimated $2 billion of aggregate gross premiums written. Everest said the transactions will sharpen its focus on core global reinsurance and its Global Wholesale and Specialty Insurance businesses and will release meaningful capital over time. Completion is subject to regulatory approvals and customary closing conditions.
AIG (NYSE: AIG) will report third quarter 2025 financial results for the period ended September 30, 2025 after market close on Tuesday, November 4, 2025. A press release and financial supplement will be posted in the Investors section of https://www.aig.com. AIG will host a live, listen-only conference call on Wednesday, November 5, 2025 at 8:30 a.m. ET to review results, with a webcast and replay available in the Investors section of the company website.
AIG (NYSE: AIG) announced the retirement of Don Bailey, Executive Vice President and CEO, North America Commercial Insurance, who will step down at year-end 2025 to focus on his health. A new North America leadership structure takes effect on January 1, 2026, with Allison Cooper and Barbara Luck promoted to Co‑President, Retail, North America Commercial, and Lou Levinson promoted to President, Wholesale, North America Commercial. The three will report to John Neal, incoming President of AIG. The release highlights Bailey’s nearly 40‑year career and his role in revitalizing distribution, broker and client relationships, and achieving record client retention and new business during his tenure.
AIG (NYSE:AIG) announced that Chairman & CEO Peter Zaffino will participate in the 2025 KBW Insurance Conference on September 3, 2025, at 4:20 p.m. ET. The presentation will be accessible via live audio webcast through AIG's investor relations website, with a replay available after the event.
AIG (NYSE: AIG) has appointed Scott Hallworth as its new Chief Digital Officer, effective September 1, 2025. Hallworth, who brings over 30 years of experience in digital and data strategies, will lead AIG's digital, data, and GenAI initiatives. He joins from HP Inc. and has previously served as Chief Data Officer at Capital One and Senior VP & Chief Actuary at Travelers.
Hallworth will initially report to Claude Wade, who will step down from his current role as Executive VP, Chief Digital Officer and Global Head of Business Operations & Claims at the end of 2025 due to health issues. Starting January 1, 2026, Hallworth will report directly to CEO Peter Zaffino. Wade will transition to an advisory role, continuing to provide his expertise to AIG.
[ "Appointment of experienced executive with 30+ years in digital and data strategies", "Strategic focus on scaling GenAI and digital innovation across the company", "Smooth leadership transition planned with Wade moving to advisory role" ]Corebridge Financial (NYSE: CRBG) has announced the pricing of a secondary offering of its common stock by American International Group (NYSE: AIG). The offering consists of 30 million shares priced at $33.65 per share, representing approximately $1.0 billion in gross proceeds.
AIG, as the selling stockholder, has also granted the underwriter Morgan Stanley a 30-day option to purchase up to 4.5 million additional shares. The offering represents approximately 5.6% of Corebridge's total outstanding shares of about 538 million. The transaction is expected to close on August 8, 2025, with all net proceeds going to AIG.
AIG (NYSE:AIG) reported outstanding Q2 2025 results with net income of $1.1 billion ($1.98 per diluted share), compared to a net loss of $4.0 billion in Q2 2024. Adjusted after-tax income reached $1.0 billion ($1.81 per diluted share), marking a 35% increase year-over-year.
Key highlights include General Insurance underwriting income of $626 million (up 46% YoY), a strong combined ratio of 89.3%, and net investment income of $1.5 billion (up 48% YoY). The company returned $2.0 billion to shareholders through $1.8 billion in share repurchases and $254 million in dividends.
AIG maintained strong financial metrics with an 11.0% ROE, 11.7% Core Operating ROE, and parent liquidity of $4.8 billion. Both Moody's and S&P Global upgraded their financial strength ratings of AIG's insurance subsidiaries during the quarter.