American International Group (AIG) has reported strong Q1 2025 earnings despite the losses from the Los Angeles wildfires. The insurance company's profit margin took a hit due to these natural disasters, causing a 71% drop. However, AIG's Q1 results exceeded expectations with a noted increase in the reported net premium written (NPW) figure of $4.5bn. The firm also announced an increase in its dividends along with the completion of its share buyback program. Strong underwriting and investment returns is notably contributing to AIG's profitability. Barclays upped its price target for AIG to $93 and reaffirmed its overweight rating, suggesting potential upside for the company's stock. The firm has also made significant leadership changes, with the appointment of Ray Hall as the head of Western World, Keith Walsh as the financial chief and Christopher Flatt as Global Chief Underwriting Officer. Moreover, AIG also sold off its global personal travel insurance assistance business, including Travel Guard® to Zurich, and its 21.6% ownership stake in Corebridge to Nippon Life.
American International Group AIG News Analytics from Mon, 08 Jul 2024 07:00:00 GMT to Sat, 03 May 2025 12:11:52 GMT -
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