American International Group (AIG) reported a strong performance, with its Q4 earnings and revenue significantly exceeding estimates. The company is also planning to increase its dividend to $0.40. While AIG's general insurance unit chair, David McElroy, is scheduled to retire from May 1, the company's stock appears to be promising, seeing a 14% increase within the last 12 months. AIG's stock has performed exceptionally well, soaring by 9.1% since the last earnings report. The company also successfully sued former senior execs who launched a rival insurer named Dellwood. Other notable highlights include a significant upgrade in the issuer credit ratings for AIG, a rise in the general insurance Q4 income due to focused underwriting and strategic investments, the company's litigation against newly-launched Dellwood Insurance, and a reported 92% increase in adjusted after-tax income in Q3 2023. Amid these positive developments, AIG appointed Kelly Lafnitzegger as Executive Vice President and Chief Human Resources & Diversity Officer, signifying internal leadership changes meant to bolster its performance further.
American International Group AIG News Analytics from Sat, 04 Mar 2023 08:51:06 GMT to Thu, 09 May 2024 15:35:04 GMT -
Rating 9
- Innovation 2
- Information 8
- Rumor -2
