American International Group (AIG) has been a hot topic in recent financial news. The firm reports robust business in Q4 of 2024 with
Strong Premium Growth and outperformed estimates with a
soaring profit of $898m. Predictions for its stock price are looking optimistic as Morgan Stanley and Keefe, Bruyette & Woods both raised their price targets to $90, albeit CFRA later lowered it to $85. Despite the company's mixed underwriting potentially capping upside, AIG seems to remain a stable investment. An upcoming Investor Day on March 31, 2025, prepares exciting opportunities for interested parties. AIG has shown strong resilience by reporting
strong Q4 and 2024 earnings despite potentially hefty losses from California wildfires. They continue to innovate with leadership changes, such as Keith Walsh being appointed EVP and CFO and Christopher Flatt taking on the role of Global Chief Underwriting Officer. While the sale of a significant stake of Corebridge to Nippon Life resonates with a diversification strategy, the market responds differently; stocks are slightly down in response to the announcements. Despite some misses in quarterly estimates, AIG has seen robust underwriting and investment returns, celebrating significant profit hikes. Its Insurance Conference participation and board nominees reflect engagement at the highest level.
American International Group AIG News Analytics from Thu, 16 May 2024 07:00:00 GMT to Sat, 15 Feb 2025 14:45:40 GMT -
Rating 7
- Innovation 4
- Information 8
- Rumor 2
