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American International Group Inc (AIG.N)

AIG.N on New York Stock Exchange

60.07USD
23 Feb 2018
Change (% chg)

$0.11 (+0.18%)
Prev Close
$59.96
Open
$60.24
Day's High
$60.49
Day's Low
$59.60
Volume
1,181,898
Avg. Vol
1,390,436
52-wk High
$67.30
52-wk Low
$57.86

Latest Key Developments (Source: Significant Developments)

Berkshire reports Apple cost basis, AIG claim liability, lower newspaper circulation in annual report
12:01am IST 

Feb 24 (Reuters) - Buffett says berkshire hathaway has $20.96 bln cost basis for shares of apple , which were worth $28.21 bln at year end -- shareholder letter:.  Full Article

AIG To Buy Validus For $5.56 Billion In Cash
Monday, 22 Jan 2018 

Jan 22 (Reuters) - American International Group Inc ::AIG TO ACQUIRE VALIDUS FOR $5.56 BILLION IN CASH.VALIDUS HOLDINGS LTD - ALL-CASH TRANSACTION OF $68.00 PER VALIDUS SHARE.VALIDUS HOLDINGS LTD - ‍ACQUISITION EXPECTED TO BE IMMEDIATELY ACCRETIVE TO AIG'S EARNINGS AND RETURN ON EQUITY​.VALIDUS HOLDINGS LTD - ‍TRANSACTION HAS BEEN UNANIMOUSLY RECOMMENDED BY BOARDS OF DIRECTORS OF AIG AND VALIDUS​.VALIDUS HOLDINGS LTD - AIG TO FUND TRANSACTION BY CASH ON HAND.  Full Article

AIG Launches Assured Edge Income Builder-NY
Wednesday, 29 Nov 2017 

Nov 29 (Reuters) - American International Group Inc ::AIG - LAUNCH OF ASSURED EDGE INCOME BUILDER-NY, A NEW FIXED ANNUITY PRODUCT ISSUED BY UNITED STATES LIFE INSURANCE COMPANY IN CITY OF NEW YORK.  Full Article

AIG partners with PIMCO to launch a new global index​
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - American International Group Inc :‍AIG partners with PIMCO to launch a new global index​.  Full Article

AIG names Lex Baugh as CEO of North America General Insurance
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - American International Group Inc :AIG names Lex Baugh as chief executive officer, North America General Insurance; George Stratts to lead Lexington.AIG - ‍appointment of Lex Baugh as chief executive officer, North America General Insurance​.Aig - ‍in newly created role, Baugh will oversee AIG's U.S. and Canada general insurance business​.  Full Article

AIG wants "double-digit" rate increases after U.S. catastrophes-call
Friday, 3 Nov 2017 

Nov 3 (Reuters) - American International Group Inc :Aims to achieve "double-digit rate increases on a risk-adjusted basis" - call.Has "successfully begun to raise rates" after U.S. Hurricanes Harvey, Irma and Maria - CEO.Will "reconstitute" Lexington insurance unit as "standalone operation and true surplus lines writer" - CEO.Has created the AIG Risk Management unit (AIGRM) - CEO.AIG CEO says company has more distinct business segments with "clear accountability".Early estimate of fourth quarter California wildfire losses is about $500 million pretax, largely in personal lines business - call.Expects group and individual retirement net spreads to decline by 1 to 3 basis points per quarter - call.Wants to "dampen" some earnings volatility through reinsurance - CEO.May buy back shares again but will not reveal when or how - CEO.Expenses are higher than peers and what market will bear, must be addressed - CEO.  Full Article

AIG posts qtrly loss of $1.91 per share
Friday, 3 Nov 2017 

Nov 2 (Reuters) - American International Group Inc ::Qtrly loss per share $1.91; qtrly after-tax operating loss $1.22 per share.Q3 earnings per share view $-0.79 -- Thomson Reuters I/B/E/S.Qtrly results included pre-tax catastrophe losses of $3.0 billion primarily from hurricanes harvey, irma & maria.Book value per common share, excluding aoci, was $74.01 at quarter-end versus $76.12 reported at q2-end.Qtrly total commercial insurance combined ratio 195.4 percent versus 105.8 percent.Qtrly total commercial insurance net premiums written $3,770 million versus $4,354 million.  Full Article

AIG names Chris Townsend as CEO, International General Insurance
Tuesday, 31 Oct 2017 

Oct 30 (Reuters) - American International Group Inc ::AIG names Chris Townsend as chief executive officer, International General Insurance.  Full Article

AIG says ‍introduced Blackboard, new brand name and logo for technology-focused unit
Tuesday, 31 Oct 2017 

Oct 30 (Reuters) - American International Group Inc :AIG - ‍introduced Blackboard, new brand name and logo for technology-focused unit, formerly operating under Hamilton USA brand​.  Full Article

Tokio Marine Hcc announces agreement to acquire AIG's medical stop-loss operations
Tuesday, 3 Oct 2017 

Oct 2 (Reuters) - Tokio Marine Holdings Inc <8766.T>:Tokio Marine Hcc announces agreement to acquire AIG's medical stop-loss operations.Tokio Marine Hcc - deal includes renewal rights, inforce business, employees; acquired operations produce gross written premium of about $350 million​.  Full Article

BRIEF-Berkshire reports Apple cost basis, AIG claim liability, lower newspaper circulation in annual report

Feb 24 Buffett says berkshire hathaway has $20.96 bln cost basis for shares of apple, which were worth $28.21 bln at year end -- shareholder letter Berkshire says that in q4, it boosted ultimate claim liability estimates related to aig retroactive reinsurance agreement by about $1.8 bln Berkshire, in annual report, says higher liability estimate stems from higher-than-expected loss payments Berkshire says that in q4 it recorded unspecified, one-time inventory and impairment charges a