American International Group Inc
AIG
ISIN US0268747849 / Valor 10315741
American International Group Inc
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About company
American International Group, Inc. (AIG) stands as a prominent global insurance organization, providing a broad spectrum of insurance solutions aimed at both businesses and individuals across approximately 190 countries and jurisdictions. With its common stock traded on the New York Stock Exchange, AIG operates under a network of member companies that specialize in property-casualty and general insurance. The company's offerings encompass a wide range of insurance products designed to help clients protect their assets and effectively manage risks. These products and services are delivered through AIG's subsidiaries or affiliates, with availability and coverage tailored to meet the specific underwriting requirements and policy language of each jurisdiction. While AIG's portfolio includes a variety of insurance products, it is important to note that some non-insurance products and services may be offered by independent third parties. Additionally, certain property-casualty coverages are provided by surplus lines insurers, which are not covered by state guaranty funds, indicating a level of risk that insured parties must consider. Through its comprehensive suite of services, AIG aims to support the long-term growth and risk management strategies of its clients worldwide.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (17.12.2024):
Net Income
In the third quarter of 2024, American International Group Inc. reported a net income attributable to common shareholders of $459 million, or $0.71 per diluted share. This represents a significant decrease from the $2.0 billion, or $2.81 per diluted share, reported in the same quarter of the previous year. The decline was primarily due to a reduction in net income from discontinued operations following the deconsolidation of Corebridge.
Adjusted After-Tax Income
American International Group Inc.'s adjusted after-tax income (AATI) for the third quarter of 2024 was $798 million, or $1.23 per diluted share. This marks an increase from $746 million, or $1.04 per diluted share, in the prior year quarter. The improvement was driven by higher net investment income and better results in Other Operations, despite the impact of the Validus Re divestiture and lower underwriting income in General Insurance.
Net Investment Income
For the third quarter of 2024, American International Group Inc. reported total net investment income of $973 million, a 14% increase from $856 million in the prior year quarter. This growth was attributed to dividends received from Corebridge, higher income from alternative investments, equity and fixed maturity securities, and lower investment expenses, partially offset by reduced income from loans and a decrease in invested assets due to the sale of Validus Re.
Capital Returns
During the third quarter of 2024, American International Group Inc. returned approximately $1.8 billion to shareholders. This included $1.5 billion in common stock repurchases, representing around 20 million shares, and $254 million in common stock dividends. As of September 30, 2024, AIG's parent liquidity stood at $4.2 billion.
Dividends and Book Value
On November 4, 2024, the Board of Directors of American International Group Inc. declared a quarterly cash dividend of $0.40 per share on AIG common stock, payable on December 30, 2024. The book value per share as of September 30, 2024, was $71.46, reflecting a 4.5% increase from the previous quarter. The adjusted book value per share was $73.90, up 1.5% from the prior quarter.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
45435 M
Market cap (USD)
685,745
Daily traded volume (Shares)
73.13 / 72.28
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
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