Product diversification helps Zacks Multiline Insurance industry players lower concentration risk, ensure uninterrupted revenue generation and improve retention ratio. Better pricing, prudent underwriting, increased exposure and faster economic recovery should benefit MetLife Inc. (MET) , American International Group Inc. (AIG) , Prudential Financial Inc. (PRU) , The Hartford Financial Services Group (HIG) and Old Republic International Corporation (ORI) . Accelerated digitalization will help in the smooth ...

American International Group, Inc. (AIG) has recently marked a major milestone with the deconsolidation of Corebridge Financial, Inc. (CRBG) for accounting purposes. It gave up majority control over Corebridge's board of directors, signified by the resignation of Chris Schaper, AIG's executive vice president and global chief underwriting officer, from Corebridge's board, which now has 12 members.This action finalizes the long-awaited separation of the two companies. For several years, AIG meticulously plann ...

Kelowna, British Columbia--(Newsfile Corp. - June 10, 2024) - Genesis AI Corp. (CSE: AIG) (OTCQB: AIGFF) (the "Company") is pleased to announce the release of their wildfire tool, Wildfire Defence Solutions, using a custom GPT and machine learning.Image 1To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8053/212070_26a0271654506a56_002full.jpgWildfire Defence Solutions is the first release of a developing suite of the highest quality software that cities, towns ...

American International Group, Inc. (NYSE:AIG) Bernstein’s 40th Annual Strategic Decisions Conference May 29, 2024 11:00 AM ET Company Participants Peter Zaffino - Chairman, CEO Conference Call Participants Ryan Tunis - Autonomous Ryan Tunis Thanks for joining us. I'm Ryan Tunis, I'm the insurance analyst at Autonomous. I'm happy to have with us Peter Zaffino, Chairman and CEO of AIG. I think AIG is one of the more interesting stories in insurance for sure. We're going to have a conversation but first Peter ...

American International Group, Inc. (AIG) announced that the company has agreed to divest around 120 million common stocks of its Corebridge Financial, Inc. (CRBG) subsidiary to Nippon Life Insurance Company. The deal has a total price tag of $3.8 billion, pricing each share at $31.47.The divestment is expected to be finalized by the first quarter of 2025. The shares being sold equate to a 20% ownership stake in CRBG. Per the deal, AIG has committed to holding a 9.9% ownership stake in CRBG for a period of t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 —————————— FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-8787 American International Group, Inc. (Exact name of registrant as specified in its charter) Delaware 13-2592361 (State or other ...

American International Group, Inc. (AIG) reported first-quarter 2024 adjusted earnings per share of $1.77, which beat the Zacks Consensus Estimate by 6.6%. The bottom line improved 8.6% year over year.Operating revenues amounted to $12.5 billion, which inched up 0.8% year over year. The top line surpassed the consensus mark by 3.6%.The results were driven by Commercial Lines strength, which, in turn, was aided by favorable underwriting results and a decline in catastrophe losses. Strong contributions from t ...

American International Group, Inc. (NYSE:AIG) Q1 2024 Earnings Conference Call May 2, 2024 8:30 AM ET Company Participants Quentin McMillan - Vice President, Managing Director and Head of Investor Relations Peter Zaffino - Chairman and Chief Executive Officer Sabra Purtill - Executive Vice President and Chief Financial Officer Conference Call Participants Michael Zaremski - BMO Capital Markets Elyse Greenspan - Wells Fargo Securities Ryan Tunis - Autonomous Research Robert Cox - Goldman Sachs Michael Ward - ...

American International Group (AIG) reported $12.47 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 0.8%. EPS of $1.77 for the same period compares to $1.63 a year ago.The reported revenue represents a surprise of +3.57% over the Zacks Consensus Estimate of $12.04 billion. With the consensus EPS estimate being $1.66, the EPS surprise was +6.63%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectatio ...

Press Release Contacts: www.aig.com Quentin McMillan (Investors): quentin.mcmillan@aig.com Claire Talcott (Media): claire.talcott@aig.com AIG Reports Strong First Quarter 2024 Results ■ Net income per diluted share was $1.74 and adjusted after-tax income* (AATI) per diluted share was $1.77 ■ General Insurance underwriting income increased 19% year-over-year to $596 million, or 67% on a comparable basis*† ■ General Insurance adjusted pre-tax income (APTI) increased 9% year-over-year to $1.4 billion, or 27% o ...