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American International Group Inc (AIG.N)

AIG.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

AIG Reports Qtrly Adjusted EPS Of $1.58
Monday, 6 May 2019 

May 6 (Reuters) - American International Group Inc ::QTRLY EARNINGS PER SHARE $0.75; QTRLY ADJUSTED AFTER-TAX EARNINGS PER SHARE $1.58.Q1 EARNINGS PER SHARE VIEW $1.06 -- REFINITIV IBES DATA.QTRLY TOTAL GENERAL INSURANCE UNDERWRITING INCOME $179 MILLION VERSUS LOSS OF $251 MILLION.QTRLY TOTAL GENERAL INSURANCE NET PREMIUMS WRITTEN $6,033 MILLION, DOWN 2 PERCENT.AS OF MARCH 31, 2019, BOOK VALUE PER COMMON SHARE WAS $69.33 VERSUS $65.04 AT DEC. 31, 2018.QTRLY TOTAL GENERAL INSURANCE GROSS PREMIUMS WRITTEN $10,195 MILLION, UP 11 PERCENT.SEES LIFE AND RETIREMENT TO CONTINUE TO DELIVER LOW-TO-MID TEENS ADJUSTED ROCE, EXPECT TO REACH DOUBLE-DIGIT ADJUSTED ROCE FOR CO WITHIN 3 YRS.REPORTED UNDERWRITING PROFIT ON CALENDAR YEAR & ACCIDENT YEAR BASIS IN Q1, EXPECT THAT TO CONTINUE FOR FY.DECLARED QUARTERLY DIVIDEND OF $0.32/SHARE ON AIG COMMON STOCK, PAR VALUE $2.50/SHARE.  Full Article

AIG Appoints Kathleen Zortman As President & Chief Executive Officer Of Private Client Group, General Insurance
Friday, 5 Apr 2019 

April 5 (Reuters) - American International Group Inc ::AIG APPOINTS KATHLEEN ZORTMAN AS PRESIDENT & CHIEF EXECUTIVE OFFICER OF PRIVATE CLIENT GROUP, GENERAL INSURANCE.AIG APPOINTS KATHLEEN ZORTMAN AS PRESIDENT & CHIEF EXECUTIVE OFFICER OF PRIVATE CLIENT GROUP, GENERAL INSURANCE.AIG - ZORTMAN WILL JOIN AIG IN COMING MONTHS FOLLOWING A TRANSITION PERIOD..AIG - ZORTMAN JOINS AIG FROM QBE INSURANCE GROUP WHERE SHE SERVED AS PRESIDENT OF PROPERTY & CASUALTY, NORTH AMERICA.  Full Article

Hydro details loss from cyber attack, says AIG lead insurer
Tuesday, 26 Mar 2019 

March 26 (Reuters) - Norsk Hydro Asa ::EXTRUDED SOLUTIONS, PRODUCTION IS NOW AT 70-80%, EXCEPT FOR BUILDING SYSTEMS BUSINESS UNIT, WHERE OPERATIONS REMAIN ALMOST AT A STANDSTILL.HYDRO HAS A SOLID CYBER RISK INSURANCE POLICY WITH RECOGNIZED INSURERS, WITH GLOBAL INSURER AIG AS LEAD.PRIMARY METAL: PRODUCTION RUNNING AS NORMAL, WITH HIGHER DEGREE OF MANUAL OPERATIONS.PRELIMINARY ESTIMATED FINANCIAL IMPACT FOR FIRST FULL WEEK FOLLOWING CYBER ATTACK IS AROUND NOK 300-350 MILLION ($35 MILLION-$41 MILLION), MAJORITY STEMMING FROM LOST MARGINS AND VOLUMES IN EXTRUDED SOLUTIONS BUSINESS.BASED ON CURRENT PROGRESS EXPECTATION IS FOR BUILDING SYSTEMS TO GRADUALLY RAMP UP PRODUCTION AND SHIPMENTS DURING WEEK..HAS NOW ENTERED RECOVERY PHASE FOLLOWING ATTACK, GRADUALLY RESTORING IT SYSTEMS IN A SAFE AND SECURE MANNER TO ENSURE PROGRESS TOWARD NORMAL BUSINESS WHILE LIMITING IMPACT FOR PEOPLE, OPERATIONS, CUSTOMERS, SUPPLIERS AND OTHER PARTNERS.  Full Article

AIG Reports Quarterly Loss Per Share Of $0.70
Wednesday, 13 Feb 2019 

Feb 13 (Reuters) - American International Group Inc ::QTRLY LOSS PER SHARE $0.70; QTRLY ADJUSTED AFTER-TAX LOSS PER SHARE $0.63.Q4 EARNINGS PER SHARE VIEW $0.42 -- REFINITIV IBES DATA.QTRLY NET PRE-TAX CATASTROPHE LOSSES OF $798 MILLION ($630 MILLION AFTER-TAX), CONSISTENT WITH PREVIOUSLY DISCLOSED RANGE.INCREASED SHARE REPURCHASE AUTHORIZATION TO $2.0 BILLION INCLUDING ABOUT $512 MILLION REMAINED UNDER PRIOR AUTHORIZATION.QTRLY TOTAL GENERAL INSURANCE NET PREMIUMS WRITTEN $6,424 MILLION, UP 9 PERCENT.QTRLY TOTAL GENERAL INSURANCE GROSS PREMIUMS WRITTEN $7,699 MILLION, UP 6 PERCENT.Q4 NEGATIVELY IMPACTED BY EQUITY & CREDIT MARKETS PERFORMANCE, CATASTROPHE LOSSES, MODEST NET UNFAVORABLE PRIOR YEAR LOSS RESERVE DEVELOPMENT.QTRLY TOTAL GENERAL INSURANCE UNDERWRITING LOSS $1,071 MILLION VERSUS LOSS OF $846 MILLION.CONTINUE TO EXPECT TO ACHIEVE UNDERWRITING PROFIT ENTERING 2019 IN GENERAL INSURANCE, TO REACH DOUBLE DIGIT RETURNS FOR CO IN 3 YRS.NET UNFAVORABLE PRIOR YEAR LOSS RESERVE DEVELOPMENT OF $365 MILLION IN Q4.AS OF DEC 31, BOOK VALUE PER COMMON SHARE WAS $65.04 VERSUS $66.23 AT SEPT 30.  Full Article

AIG Appoints Edward Levin As Global Head Of Accident & Health
Monday, 28 Jan 2019 

Jan 28 (Reuters) - American International Group Inc ::AIG APPOINTS GLOBAL HEAD OF ACCIDENT & HEALTH.AIG - APPOINTMENT OF EDWARD LEVIN AS GLOBAL HEAD OF ACCIDENT & HEALTH, GENERAL INSURANCE.AIG - EDWARD LEVIN WILL START NEXT MONTH BASED IN LONDON.AIG - EDWARD LEVIN JOINS AIG FROM CHUBB.  Full Article

Soros Fund Management Cuts Share Stake In American Express, AIG
Wednesday, 14 Nov 2018 

Nov 14 (Reuters) - Soros Fund Management::SOROS FUND MANAGEMENT CUTS SHARE STAKE IN AMERICAN EXPRESS TO 70,557 SHARES FROM 169,539 SHARES.SOROS FUND MANAGEMENT CUTS SHARE STAKE IN AIG TO 94,160 SHARES FROM 259,497 SHARES.SOROS FUND MANAGEMENT CUTS SHARE STAKE IN SPOTIFY TO 273,100 SHARES FROM 728,700 SHARES.SOROS FUND MANAGEMENT CUTS SHARE STAKE IN U.S. BANCORP TO 160,595 SHARES FROM 488,076 SHARES.SOROS FUND MANAGEMENT CUTS SHARE STAKE IN AT&T TO 1.5 MILLION SHARES FROM 2 MILLION SHARES.SOROS FUND MANAGEMENT - CHANGE IN HOLDINGS ARE AS OF SEPTEMBER 30, 2018 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF JUNE 30, 2018.  Full Article

AIG Names John Repko As Executive Vice President, Chief Information Officer
Tuesday, 21 Aug 2018 

Aug 21 (Reuters) - American International Group Inc ::AIG NAMES JOHN P. REPKO AS EXECUTIVE VICE PRESIDENT, CHIEF INFORMATION OFFICER.AIG - SUCCEEDS MARTHA GALLO, WHO IS LEAVING AIG TO PURSUE OTHER INTERESTS.  Full Article

AIG Announces Closing Of Validus Acquisition
Wednesday, 18 Jul 2018 

July 18 (Reuters) - American International Group Inc ::AIG ANNOUNCES CLOSING OF VALIDUS ACQUISITION.  Full Article

AIG Names Lisa Sun As CEO Of AIG Insurance Company China Ltd
Thursday, 24 May 2018 

May 24 (Reuters) - American International Group Inc ::AIG NAMES LISA SUN AS CHIEF EXECUTIVE OFFICER OF AIG INSURANCE COMPANY CHINA, LTD..AIG - SUN IS REPLACING ERIC ZHENG WHO IS LEAVING AIG TO PURSUE OTHER OPPORTUNITIES.AIG - SUN JOINS AIG FROM MERCER, WHERE MOST RECENTLY SHE WAS CEO OF MERCER'S HONG KONG & SOUTH AND EAST ASIA ZONE.  Full Article

Carl Icahn Dissolves Share Stake In AIG, Paypal
Tuesday, 15 May 2018 

May 15 (Reuters) - cc:CARL ICAHN DISSOLVES SHARE STAKE IN AIG - SEC FILING.CARL ICAHN DISSOLVES SHARE STAKE IN PAYPAL HOLDINGS INC.CARL ICAHN CUTS SHARED SHARE STAKE IN FREEPORT-MCMORAN INC BY 35 PERCENT TO 50.2 MILLION SHARES.CARL ICAHN TAKES SHARED SHARE STAKE OF 30.3 MILLION SHARES IN NEWELL BRANDS INC.CARL ICAHN CUTS SHARED SHARE STAKE IN MANITOWOC CO INC BY 36.3 PERCENT TO 1.7 MILLION SHARES.CARL ICAHN: CHANGE IN HOLDINGS ARE AS OF MARCH 31, 2018 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF DEC 31, 2017.  Full Article

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Rivals ride rising rates as Lloyd's abandons some ship insurance

LONDON/NEW YORK Rivals to Lloyd's of London are riding a rising tide of marine insurance rates, leaving the 330-year-old market behind after it jettisoned sections of its oldest line of business last year.