The American International Group (AIG) has drawn attention from multiple investment firms, like iA Global Asset Management and Hosking Partners, who believe it offers good potential for investors. AIG's stocks have made good progress this year, up 9%. AIG is set to sell a 20% stake in Corebridge to Japan's Nippon Life for $3.8 billion illustrating financial strength. AIG shows strong under-writing strength, beating profit estimations and saw recent increase in value. It is now considered a strong dividend stock with potential for continued investment growth due to strategic movements and earnings. Other insightful data suggest AIG might be positioned as 'Internal Return Engine'. However, an estimated decline in earnings has been forecasted for AIG. AIG is selling its Travel Insurance Business to Zurich for $600 million, and recently reported strong Q4 and Full Year 2023 results. Legal matters are present, with AIG bringing a suit against a former senior executive and competitor, Dellwood Insurance. AIG finalizes its separation with Corebridge Financial after having met divestiture requirements. Despite a decrease in net income, The AM Best agency has upgraded AIG and its P/C insurance subsidiaries' ratings to 'Excellent'.
American International Group AIG News Analytics from Sat, 04 Mar 2023 16:10:44 GMT to Sun, 01 Sep 2024 09:24:25 GMT - Rating 6 - Innovation 6 - Information 8 - Rumor 4
