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American International Group Inc (AIG.N)

AIG.N on New York Stock Exchange

52.49USD
23 Aug 2019
Change (% chg)

$-1.26 (-2.34%)
Prev Close
$53.75
Open
$53.51
Day's High
$54.32
Day's Low
$52.15
Volume
1,169,845
Avg. Vol
1,142,060
52-wk High
$57.58
52-wk Low
$36.16

Latest Key Developments (Source: Significant Developments)

AIG Qtrly Adjusted After-Tax Earnings Per Share $1.43
Thursday, 8 Aug 2019 

Aug 7 (Reuters) - American International Group Inc ::QTRLY EARNINGS PER SHARE $1.24; QTRLY ADJUSTED AFTER-TAX EARNINGS PER SHARE $1.43.Q2 EARNINGS PER SHARE VIEW $1.15, REVENUE VIEW $12.07 BILLION -- REFINITIV IBES DATA.QTRLY TOTAL GENERAL INSURANCE NET PREMIUMS WRITTEN $6,581 MILLION , DOWN 6%.QTRLY TOTAL GENERAL INSURANCE UNDERWRITING INCOME $147 MILLION VERSUS LOSS OF $89 MILLION LAST YEAR.QTRLY GENERAL INSURANCE PRE-TAX CATASTROPHE-RELATED LOSSES, NET OF REINSURANCE, OF $174 MILLION, PRIMARILY DUE TO NORTH AMERICAN WEATHER EVENTS.AS OF JUNE 30, 2019, BOOK VALUE PER COMMON SHARE $73.63 VERSUS $65.04 AT DEC 31, 2018.LIFE & RETIREMENT EXPECTS TO DELIVER FY ADJUSTED ROCE IN LOW- TO MID-TEENS RANGE.CONTINUE TO EXPECT TO ACHIEVE DOUBLE-DIGIT ROCE FOR CONSOLIDATED AIG BY YEAR-END 2021.GENERAL INSURANCE REMAINS ON TRACK TO DELIVER UNDERWRITING PROFIT FOR FY.  Full Article

AIG Names Karen Ling Executive Vice President, Chief Human Resources Officer
Monday, 22 Jul 2019 

July 22 (Reuters) - American International Group Inc ::AIG NAMES KAREN LING EXECUTIVE VICE PRESIDENT, CHIEF HUMAN RESOURCES OFFICER.AIG - LING JOINS AIG FROM ALLERGAN PLC.  Full Article

AIG Consolidates Names Christopher Schaper CEO Of AIG Re
Thursday, 20 Jun 2019 

June 19 (Reuters) - American International Group Inc ::AIG CONSOLIDATES ASSUMED REINSURANCE OPERATIONS TO FORM GLOBAL BUSINESS AIG RE, NAMES CHRISTOPHER SCHAPER CEO OF AIG RE.AIG - FORMATION OF AIG RE CONSOLIDATES CO'S ASSUMED REINSURANCE OPERATIONS, INCLUDING VALIDUS RE, ALPHACAT AND TALBOT TREATY INTO ONE GLOBAL BUSINESS.AIG - CHRISTOPHER SCHAPER HAS BEEN APPOINTED CEO OF AIG RE, EFFECTIVE JULY 1, 2019.AIG - SCHAPER JOINS AIG FROM MARSH, WHERE HE WAS CEO OF MANAGING GENERAL AGENT BUSINESSES SINCE 2016.  Full Article

Avery Dennison Signs Agreement Transferring $750 Million In Pension Obligations To AIG Life & Retirement
Wednesday, 24 Apr 2019 

April 24 (Reuters) - American International Group Inc ::AVERY DENNISON SIGNS AGREEMENT TRANSFERRING $750 MILLION IN PENSION OBLIGATIONS TO AIG LIFE & RETIREMENT.AIG - AGREEMENT COVERS APPROXIMATELY 8,500 RETIREES, BENEFICIARIES, AND DEFERRED AND ACTIVE MEMBERS.  Full Article

AIG Says CEO Brian Duperreault's FY 2018 Total Compensation Was $20.9 Mln
Wednesday, 3 Apr 2019 

April 2 (Reuters) - American International Group Inc ::AIG SAYS CEO BRIAN DUPERREAULT'S FY 2018 TOTAL COMPENSATION WAS $20.9 MILLION - SEC FILING.AIG SAYS CFO MARK LYONS' FY 2018 TOTAL COMPENSATION WAS $4.8 MILLION.AIG SAYS ESTIMATED 2018 PAY RATIO FOR CEO TO MEDIAN EMPLOYEE WAS 314 TO 1.  Full Article

AIG Announces Three New Nominees To Its Board Of Directors
Monday, 1 Apr 2019 

April 1 (Reuters) - American International Group Inc ::AIG ANNOUNCES THREE NEW NOMINEES TO ITS BOARD OF DIRECTORS.AIG - CURRENT DIRECTORS THERESA M. STONE AND RONALD A. RITTENMEYER WILL NOT BE STANDING FOR RE-ELECTION AT 2019 ANNUAL MEETING.AIG - NOMINEES TO BOARD INCLUDE PETER PORRINO, FORMER CFO OF XL GROUP LTD.AIG - NOMINEES TO BOARD INCLUDE AMY SCHIOLDAGER, FORMER SENIOR MANAGING DIRECTOR AND GLOBAL HEAD OF BETA STRATEGIES AT BLACKROCK INC.AIG - NOMINEES TO BOARD INCLUDE THERESE VAUGHAN, FORMER CEO OF NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS.  Full Article

AIG Files For Prospectus Supplement Related To A Potential Note Offering; Size Not Disclosed
Tuesday, 12 Mar 2019 

March 12 (Reuters) - American International Group Inc ::AIG FILES FOR PROSPECTUS SUPPLEMENT RELATED TO A POTENTIAL NOTE OFFERING; SIZE NOT DISCLOSED - SEC FILING.  Full Article

AIG CEO says Q1 volatility should be greater than year-end
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - American International Group Inc ::CEO SAYS INSURER'S PROBLEMS WERE "DEEPER AND MORE PERVASIVE THAN I ORIGINALLY ANTICIPATED" - CONF CALL.AIG CEO SAYS INSURER WILL CONTINUE TO REDUCE AGGREGATE EXPOSURES IN PERSONAL INSURANCE BUSINESS IN 2019 - CONF CALL.AIG CEO SAYS COMPANY FOUND IN PRIVATE CLIENT GROUP PERSONAL INSURANCE TOO MANY "DISPROPORTIONATELY LARGE" INSURED VALUES IN CATASTROPHE PRONE AREAS AND INADEQUATE PRICING.AIG EXEC SAYS EXPECTS 2019 LIFE AND RETIREMENT UNIT ADJUSTED PRETAX INCOME TO BE FLAT WITH 2018 - CONF CALL.AIG EXEC SAYS COMPANY EXPECTS HIGHER SURRENDERS AND WITHDRAWALS IN GROUP RETIREMENT UNIT TO CONTINUE TO NEGATIVELY IMPACT NET FLOWS IN 2019 - CONF CALL.AIG CEO SAYS VOLATILITY IN Q1 SHOULD BE GREATER THAN THE VOLATILITY BY THE END OF THE YEAR DUE TO POLICIES LEFT IN ITS SYSTEM WITH LARGER RISK LIMITS - CONF CALL.  Full Article

AIG Board Of Directors Declares Common Stock Dividend Of $0.32 Per Share
Thursday, 14 Feb 2019 

Feb 13 (Reuters) - American International Group Inc ::AIG BOARD OF DIRECTORS DECLARES COMMON STOCK DIVIDEND OF $0.32 PER SHARE.  Full Article

AIG Named Official Insurance Partner Of The PGA of America
Wednesday, 16 Jan 2019 

Jan 16 (Reuters) - PGA of America::PGA OF AMERICA SAYS AMERICAN INTERNATIONAL GROUP HAS BEEN NAMED OFFICIAL INSURANCE PARTNER OF PGA OF AMERICA.  Full Article

Hammerson names AIG exec as new finance chief

Shopping centre operator Hammerson Plc on Wednesday appointed AIG executive James Lenton as its new finance chief, months after saying Timon Drakesmith would step down from the role this year.