American International Group (AIG) has announced a number of significant business moves, including the launch of a
secondary offering of
Corebridge Financial, Inc. common stock. This is coupled with the news that AIG will be selling a
20% stake in Corebridge to
Japan's Nippon Life for $3.8 billion. Amid these business developments, AIG's stock performance had a brief dip but showed improvement over time with increased
dividend payments and strong Q4 and full year results for 2023, exceeding profit estimates. There were changes in leadership, with the recruitment of a new Chief Human Resources and Diversity Officer and the appointment of
Gordon Browne as Global Head of Specialty. AIG also had legal engagements involving a former senior executive team launching a rival insurer and a securities claim dispute with
Verizon. In a strategic move, the company appointed former National Cyber Director to the Board.
AM Best upgraded AIG's issuer credit rating, and the company managed to secure a successful upgrade in their Property Insurance subsidiaries. This robust financial performance and management strategy highlight's AIG's standing as a top value stock.
American International Group AIG News Analytics from Sat, 04 Mar 2023 08:51:06 GMT to Thu, 30 May 2024 21:00:43 GMT -
Rating 7
- Innovation 4
- Information 8
- Rumor 3
