American International Group, Inc. (AIG)
Market Cap | 49.60B |
Revenue (ttm) | 45.93B |
Net Income (ttm) | -677.00M |
Shares Out | 643.95M |
EPS (ttm) | -0.99 |
PE Ratio | 16.10 |
Forward PE | 13.26 |
Dividend | $1.60 (2.08%) |
Ex-Dividend Date | Sep 16, 2024 |
Volume | 2,838,280 |
Open | 76.81 |
Previous Close | 77.55 |
Day's Range | 76.29 - 77.37 |
52-Week Range | 59.11 - 80.83 |
Beta | 1.07 |
Analysts | Buy |
Price Target | 84.38 (+9.54%) |
Earnings Date | Nov 4, 2024 |
About AIG
American International Group, Inc. offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, ... [Read more]
Financial Performance
In 2023, AIG's revenue was $46.68 billion, a decrease of -14.24% compared to the previous year's $54.43 billion. Earnings were $3.61 billion, a decrease of -64.56%.
Financial StatementsAnalyst Forecast
According to 16 analysts, the average rating for AIG stock is "Buy." The 12-month stock price forecast is $84.38, which is an increase of 9.54% from the latest price.
News
AIG to Redeem Zero Coupon Callable Notes Due 2047
NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced that it will redeem all of its outstanding Zero Coupon Callable Notes Due 2047 (Common Code 168419864 / ISIN X...
AIG to Report Third Quarter 2024 Financial Results on November 4, 2024, and Host Conference Call on November 5, 2024
NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) will report financial results for the third quarter ended September 30, 2024, after the market closes on Monday, November 4, 2...
AIG Appoints Keith Walsh Executive Vice President, Chief Financial Officer
NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced that Keith Walsh will join the company as Executive Vice President, Chief Financial Officer, effective October...
American International Group: Don't Overthink It
AIG's commercial underwriting has quietly rivaled that of industry leader, Chubb. A narrowed focus has AIG's set for a 3%+ reduction in its expense ratio over the next few years, supporting a structur...
AIG (AIG) Now Trading on LBank Exchange with 781% Price Surge
Road Town, British Virgin Islands--(Newsfile Corp. - September 6, 2024) - In a major development for cryptocurrency enthusiasts, LBank Exchange, a leading global digital asset trading platform, has an...
American International Group, Inc. (AIG) Presents at 2024 Keefe, Bruyette & Woods Insurance Conference (Transcript)
Start Time: 16:20 January 1, 0000 5:05 PM ET American International Group, Inc. (NYSE:AIG) 2024 Keefe, Bruyette & Woods Insurance Conference September 04, 2024, 16:20 PM ET Company Participants Peter...
AIG to Redeem Series A-3 Junior Subordinated Debentures
NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced that it will redeem all of its outstanding Series A-3 Junior Subordinated Debentures (Common Code 026874BG1 / ...
AIG to Participate in the 2024 KBW Insurance Conference
NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced that Peter Zaffino, AIG Chairman & Chief Executive Officer, will participate in a fireside chat at the 2024 KB...
KBW analysts recommend these 11 financial stocks after the market sell-off
As financial stocks bounced back Tuesday from steep losses, KBW Research has recommended 11 financial stocks for investors to consider buying based on two categories: oversold or idiosyncratic with ca...
American International Group, Inc. (AIG) Q2 2024 Earnings Call Transcript
American International Group, Inc. (NYSE:AIG) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Quentin McMillan - VP, Managing Director & Head of IR Peter Zaffino - Cha...
AIG misses profit estimates on lower underwriting income, catastrophe losses
American International Group reported a smaller-than-expected rise in second-quarter profit on Wednesday, hurt by lower underwriting income in its general insurance unit tied to divestitures and highe...
AIG Reports Exceptional Second Quarter 2024 Results
NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today reported financial results for the second quarter ended June 30, 2024. AIG Chairman & Chief Executive Officer Peter Zaff...
Private Client Select Forms Exclusive Distribution Partnership with Ryan Specialty for Excess & Surplus Lines
NEW YORK--(BUSINESS WIRE)--Private Client Select Insurance Services LLC (PCS), a leading independent Managing General Underwriter that is majority owned by American International Group, Inc. (NYSE: AI...
AIG Names Melissa Twiningdavis Executive Vice President, Chief Administrative Officer
NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG), today announced that Melissa Twiningdavis has been appointed Executive Vice President, Chief Administrative Officer, effectiv...
AIG Names Adam Burk Global Treasurer and Head of Corporate Development
NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced the appointment of Adam Burk as Global Treasurer and Head of Corporate Development, effective immediately. He ...
AIG to Report Second Quarter 2024 Financial Results on July 31, 2024, and Host Conference Call on August 1, 2024
NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) will report financial results for the second quarter ended June 30, 2024, after the market closes on Wednesday, July 31, 2024....
Zurich Insurance buys AIG travel business in $600 mln deal
Zurich Insurance on Wednesday announced a $600 million deal to buy AIG's global personal travel insurance and assistance business.
AIG to Sell its Global Personal Travel Insurance and Assistance Business including Travel Guard® to Zurich
NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced that it has entered into a definitive agreement to sell its global individual personal travel insurance and as...
American International Group Stock Is Up 9% YTD, What's Next?
American International Group's stock (NYSE: AIG) has gained around 9% YTD, while the S&P500 is up 15% over the same period. Notably, American International Group's peer Travelers (NYSE: TRV) is also u...
Corebridge Financial: Long-Term Positives Outweigh Near-Term AIG Share Sales
Corebridge Financial stock has nearly doubled over the past year due to elevated interest rates and divestitures simplifying its business. AIG has been gradually reducing its stake in Corebridge, with...
AIG Completes Deconsolidation of Corebridge Financial
NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced it has met the requirements for the deconsolidation of Corebridge Financial (NYSE: CRBG) for accounting purpos...
AIG Announces Closing of Secondary Offering of Corebridge Financial, Inc. Common Stock
NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced the closing of its secondary offering of shares of Corebridge Financial, Inc. (NYSE: CRBG) common stock. AIG, ...
AIG Announces Pricing of Secondary Offering of Corebridge Financial, Inc. Common Stock
NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced that it has priced the secondary offering of Corebridge Financial, Inc. (NYSE: CRBG) common stock at $29.20 pe...
AIG Announces Launch of Secondary Offering of Corebridge Financial, Inc. Common Stock
NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced the launch of a secondary offering of Corebridge Financial, Inc. (NYSE: CRBG) common stock. AIG, as the sellin...
American International Group, Inc. (AIG) Bernstein's 40th Annual Strategic Decisions Conference (Transcript)
American International Group, Inc. (NYSE:AIG) Bernstein's 40th Annual Strategic Decisions Conference May 29, 2024 11:00 AM ET Company Participants Peter Zaffino - Chairman, CEO Conference Call Partic...