American International Group (AIG) is showcasing mixed performances as per the given pieces of information. The insurance giant is making strategic moves to bolster its leadership and governance, with appointments like
Juan Perez and
Courtney Leimkuhler to its board of directors, along with
Keith Walsh as the finance chief, and promoting
Jon Hancock in an expanded global leadership role. AIG's Q4 underwriting income witnessed a fall of 29% due to catastrophes. However, their profit surpassed estimates due to
strong underwriting and
investment returns. AIG's excellent Q3 results were reported, along with successful sale of bonds. The company successfully closed the sale of 21.6% ownership stake of Corebridge to Nippon Life. Notably, the sale of its Global Personal Travel Insurance business, including Travel Guard, to Zurich was finalized. Analysts are bullish on AIG Stocks while there's a general consensus that it might be one of the most undervalued stocks in the insurance sector. As for AIG's future plans, it would host Investor Day on March 31, 2025 and intends to expand its Atlanta footprint with a new innovation hub and 600 additional local jobs.
American International Group AIG News Analytics from Thu, 04 Apr 2024 21:12:56 GMT to Fri, 28 Feb 2025 16:45:07 GMT -
Rating 5
- Innovation 0
- Information 9
- Rumor -9
