American International Group, Inc. (AIG)

NYSE: AIG · IEX Real-Time Price · USD
61.58
+0.25 (0.41%)
Sep 22, 2023, 4:00 PM EDT - Market closed
0.41%
Market Cap 43.84B
Revenue (ttm) 50.39B
Net Income (ttm) 4.47B
Shares Out 711.90M
EPS (ttm) 6.08
PE Ratio 10.13
Forward PE 8.46
Dividend $1.44 (2.34%)
Ex-Dividend Date Sep 14, 2023
Volume 1,792,796
Open 61.28
Previous Close 61.33
Day's Range 61.15 - 61.84
52-Week Range 45.66 - 64.88
Beta 1.15
Analysts Buy
Price Target 68.07 (+10.54%)
Earnings Date Oct 31, 2023

About AIG

American International Group, Inc. offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through General Insurance, and Life and Retirement segments. 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, and crisis management ins... [Read more]

Sector Financials
Founded 1919
Employees 26,200
Stock Exchange NYSE
Ticker Symbol AIG
Full Company Profile

Financial Performance

In 2022, AIG's revenue was $56.44 billion, an increase of 8.41% compared to the previous year's $52.06 billion. Earnings were $10.25 billion, an increase of 9.49%.

Financial Statements

Analyst Forecast

According to 14 analysts, the average rating for AIG stock is "Buy." The 12-month stock price forecast is $68.07, which is an increase of 10.54% from the latest price.

Price Target
$68.07
(10.54% upside)
Analyst Consensus: Buy
Stock Forecasts

News

AIG Appoints Ed Dandridge as Executive Vice President and Chief Marketing & Communications Officer

NEW YORK--(BUSINESS WIRE)--American International Group (NYSE: AIG) today announced that Edward L. Dandridge has joined the company as Executive Vice President and Chief Marketing & Communications Off...

2 days ago - Business Wire

Lucy Fato to Assume Role of Vice Chair at AIG

NEW YORK--(BUSINESS WIRE)--American International Group (NYSE: AIG) today announced that Lucy Fato will transition from her current role as Executive Vice President, General Counsel & Global Head of C...

18 days ago - Business Wire

Factbox: Stocks to watch as Idalia makes landfall in Florida

Florida is bracing for Tropical Storm Idalia as it intensifies into a major hurricane on Monday before making landfall on the state's Gulf Coast by Wednesday morning.

Other symbols: ALLBECNGNRCHDLOWNEEOC
26 days ago - Reuters

AIG to Participate in the 2023 Keefe, Bruyette & Woods 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 2023 Ke...

4 weeks ago - Business Wire

American International Group Stock Is Undervalued

American International Group's stock (NYSE: AIG) has lost around 9% YTD, while the S&P500 is up 15% over the same period.

4 weeks ago - Forbes

Validus Holdings to Redeem its 8.875% Senior Notes Due 2040

NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) (“AIG”) today announced that Validus Holdings, Ltd. (“Validus Holdings”), an AIG company, will redeem all of the outstanding 8...

5 weeks ago - Business Wire

AXA acquires Irish health insurer Laya from AIG for 650 million euros

AXA said on Thursday it had agreed to buy Irish health insurer Laya from Corebridge Financial, a subsidiary of AIG for 650 million euros ($709.74 million) to expand its position on the European health...

7 weeks ago - Reuters

Insurer AIG profit beats estimates on gains in life and retirement unit

American International Group exceeded second-quarter profit expectations on Tuesday, driven by growth at its life and retirement unit and lower-than-expected catastrophe losses in what was a very expe...

7 weeks ago - Reuters

AIG Reports Second Quarter 2023 Results

NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today reported financial results for the second quarter ended June 30, 2023. AIG Chairman & Chief Executive Officer Peter Zaff...

7 weeks ago - Business Wire

AIG Names Christopher Schaper Global Chief Underwriting Officer

NEW YORK--(BUSINESS WIRE)--American International Group (NYSE: AIG) today announced that Christopher Schaper, currently CEO of AIG Re, has been named Global Chief Underwriting Officer of AIG, effectiv...

2 months ago - Business Wire

A Tale of 2 Banking Crises

In this analysis, I explore the key differences between the 2008 and the 2023 banking crisis, examining their causes, impacts and responses. While the 2008 crisis was a global meltdown that required m...

Other symbols: FRCBSBNY
2 months ago - GuruFocus

AIG to Report Second Quarter 2023 Financial Results on August 1, 2023, and Host Conference Call on August 2

NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) will report financial results for the second quarter ended June 30, 2023, after the market closes on Tuesday, August 1, 2023. ...

2 months ago - Business Wire

American Financial Group and American International Group Announce Completion of AFG's Purchase of Crop Risk Services from AIG

CINCINNATI--(BUSINESS WIRE)--American Financial Group, Inc. (NYSE: AFG) and American International Group, Inc. (NYSE: AIG) announced today that AFG completed the purchase of Crop Risk Services (“CRS”)...

Other symbols: AFG
2 months ago - Business Wire

Transaction Closes between AIG and Stone Point to Form High Net Worth MGA Private Client Select (PCS)

NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced that its definitive agreement with funds managed by Stone Point Capital LLC (Stone Point) to form an independe...

2 months ago - Business Wire

AIG names Sabra Purtill its permanent CFO

AIG Inc. AIG, -2.13% said late Tuesday it has named Sabra Purtill its permanent chief financial officer. Purtill had served as interim CFO since January, the company said.

3 months ago - Market Watch

Sabra Purtill Named Permanent CFO of AIG

NEW YORK--(BUSINESS WIRE)--American International Group (NYSE: AIG) today announced that Sabra Purtill, who has served as Interim Chief Financial Officer since January 2023, has been named to the role...

3 months ago - Business Wire

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, ...

Other symbols: CRBG
3 months ago - Business Wire

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 $16.25 pe...

Other symbols: CRBG
3 months ago - Business Wire

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...

Other symbols: CRBG
3 months ago - Business Wire

AM Best Comments on Credit Ratings of RenaissanceRe Holdings Ltd. and Its Main Subsidiaries Following Announced Acquisition of Validus Reinsurance Ltd.

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has commented that the Credit Ratings (ratings) of RenaissanceRe Holdings Ltd. (RenaissanceRe) (Bermuda) [NYSE: RNR] and its various affiliated ent...

Other symbols: RNR
4 months ago - Business Wire

RenaissanceRe to buy AIG's Validus Re for $2.985 billion

RenaissanceRe Holdings Ltd. RNR, -4.94% said late Monday it has agreed to buy American International Group Inc.'s AIG, +0.20% treaty reinsurance business, which includes Validus Reinsurance Ltd.

Other symbols: RNR
4 months ago - Market Watch

AIG to Sell Validus Re to RenaissanceRe

NEW YORK--(BUSINESS WIRE)--American International Group (NYSE: AIG) today announced that it has entered into a definitive agreement to sell Validus Re, including AlphaCat and the Talbot Treaty reinsur...

Other symbols: RNR
4 months ago - Business Wire

Middle income families are increasing credit use and reducing savings rates, says CEO Glenn Williams

Glenn Williams, CEO Of Primerica, joins 'The Exchange' to discuss the pandemic driving life insurance demand across all age groups, Primerica shares dipping lower despite an earnings beat, and increas...

Other symbols: AFLGLMETPRI
4 months ago - CNBC Television

American International Group's Stock Is Trading Below Its Intrinsic Value

American International Group's stock (NYSE: AIG) has lost 15% YTD, while the S&P500 is up 8% over the same period.

4 months ago - Forbes

AIG Buoyed by Higher Premiums on Business Insurance

The company's core insurance operations produce their best first quarter in 15 years.

5 months ago - WSJ