American International Group (NYSE:AIG) Q4 2025 Earnings call February 11, 2026 08:30 AM ET Company ParticipantsBob Huang - Equity Research Executive DirectorElyse Greenspan - Managing Director, Equity ResearchKeith Walsh - CFOPaul Newsome - Managing DirectorPeter Zaffino - Chairman and CEOQuentin McMillan - Head of Investor RelationsConference Call ParticipantsAlex Scott - Insurance Research AnalystMeyer Shields - Managing Director and Senior Equity Research AnalystOperatorday, and welcome to AIG's Q4 and ...

American International Group (NYSE:AIG) Q4 2025 Earnings call February 11, 2026 08:30 AM ET Company ParticipantsBob Huang - Equity Research Executive DirectorElyse Greenspan - Managing Director, Equity ResearchJon Newsome - Managing DirectorKeith Walsh - CFOPeter Zaffino - Chairman and CEOQuentin McMillan - Head of Investor RelationsConference Call ParticipantsAlex Scott - Insurance Research AnalystMeyer Shields - Managing Director and Senior Equity Research AnalystOperatorday, and welcome to AIG's fourth q ...

Global insurer American International Group, Inc. (AIG) reported that its General Insurance (GI) underwriting income rose 48% year-over-year to $670 million in the fourth quarter of 2025, up from $454 million in the same period in 2024.The increase was driven by lower catastrophe-related charges of $125 million, representing 2.1 loss ratio points, compared to $325 million, representing 5.5 loss ratio points, in the prior year quarter, more favourable prior year development, and lower acquisition expenses.GI ...

当我们为袁记惊叹，替大娘惋惜，也不要忘记，行业的权力交替，百亿千亿的市值变化，只是时代的金 手指轻轻一动而已。 最近，袁记云饺要上市了，让我想起一位故人。 零几年的时候，这个市场还是大娘水饺的天下，每次看到那红色的招牌门头，我都会想起六个一两的饺 子，我一个人要吃四五两，外加一碗牛杂粉丝汤的回忆。 只不过，后来大娘的味道变差，分量减少，我也就很少光顾了。再往后，就很少见到这个牌子了，取而 代之的，是绿色门头的袁记云饺开遍了全国各地。 1996年创立，今年刚好是大娘水饺30周年，为什么它一步步走向衰落，而袁记云饺成为饺子界的当红炸 子鸡。 这期内容，我们来聊聊水饺界，这场隐秘的权力交接。 01 大娘水饺的崛起，还真是靠大娘。 于是吴国强搞出了一套颗粒度细得令人发指的标准： 每10公斤馅使用1袋调料，每6只饺子重120克，每6个饺子皮重55克，从顾客点餐到食品上桌不得超过10 分钟，高峰期不得超过15分钟。 甚至连和多少面要用多少水，擦一张桌子应该遵守几道清洁工序，吴国强都要规定到。 最后这本《管理手册》足足有300多页厚。 比《管理手册》更严的，还有监管流程。 包饺工要接受抽检，每盘饺子都要上秤，如果饺子不合格 ...

American International Group (AIG) has completed minority investments in Convex Group and Onex Corporation, concluding transactions announced in October. Under the agreements, AIG bought roughly 35% of Convex for about $2.1bn and acquired a 9.9% holding in Onex for approximately $642m. The Convex deal leaves Onex as majority owner with a 63% interest. From 1 January 2026, AIG began taking part in a whole account quota share of Convex’s underwriting portfolio, with plans to expand the volume ceded durin ...

Group 1 - American International Group (AIG) and CVC have formed an alliance to support AIG's investment strategy, focusing on insurance-related solutions and private market opportunities [1] - The partnership involves creating substantial separately managed accounts (SMAs) under CVC's credit investment strategies, with AIG as a cornerstone investor in a new evergreen platform for private equity secondaries [1][3] - AIG is committing up to $1.5 billion from its current private equity holdings to establish an initial asset base for the new platform and facilitate the reallocation of its legacy private equity interests [2][4] Group 2 - CVC CEO Rob Lucas emphasized that the partnership is a strong endorsement of CVC's ability to meet the evolving needs of global insurance institutions and highlights the depth of their credit platform [3] - The agreement includes plans for AIG to allocate up to $2 billion in total to CVC-managed SMAs and funds, with $1 billion expected to be invested by 2026 [4] - The SMAs are designed to provide AIG access to a mix of private and liquid credit investments, addressing regulatory requirements and capital return objectives [5] Group 3 - AIG's CEO and chairman Peter Zaffino stated that this partnership marks AIG's first collaboration with a European-headquartered asset manager, supporting its strategy of actively managing its investment portfolio [6] - The announcement follows leadership changes at AIG, with Eric Andersen named president and CEO-elect, set to succeed Zaffino in June 2026 [7]

Core Insights - AIG has formed a strategic partnership with CVC, which is expected to leverage the strengths of both companies and potentially lead to significant market developments [1][5] - Cantor Fitzgerald has adjusted AIG's rating to Neutral and lowered its price target from $80 to $77, indicating a cautious outlook on the stock [2][5] Stock Performance - AIG's current stock price is $72.93, reflecting a decrease of 1.1 points or approximately 1.49% on the day, with fluctuations between a low of $72.81 and a high of $73.98 [3][5] - Over the past year, AIG's stock has reached a high of $88.07 and a low of $71.74, with a current market capitalization of approximately $39.35 billion [4] - Today's trading volume for AIG is 3,467,157 shares, indicating active investor interest [4]

Core Insights - American International Group, Inc. (AIG) has entered a strategic investment partnership with CVC, focusing on credit-related investments and private equity secondaries [1][4] - AIG plans to allocate nearly $3.5 billion over time through CVC-managed vehicles, with initial allocations starting in 2026 [2] - AIG will contribute approximately $1.5 billion as a cornerstone investor in CVC's private equity secondaries evergreen platform [2] - The partnership aims to enhance portfolio diversification, yield potential, and long-term returns for AIG [6] Investment Strategy - AIG will utilize separately managed accounts (SMAs) to gain exposure to diversified private and liquid credit assets, allocating around $2 billion [3] - The partnership is designed to be scalable and flexible, allowing for growth in allocations as performance and market conditions evolve [3] Market Context - This move reflects a trend among large insurers like AIG, shifting from traditional fixed-income investments to alternative assets for higher, more stable long-term returns [4] - The partnership signals confidence in private credit and secondaries as attractive asset classes in a higher-rate but uncertain economic environment [4] CVC's Position - CVC, with an AUM of €201 billion, benefits from this long-term partnership, enhancing its credibility and position in institutional capital markets [5] - The deal provides CVC with sizable, sticky capital, generating recurring fees and opportunities to scale its investment platforms [5] AIG's Financial Performance - AIG's trailing 12-month return on equity is 9.09%, below the industry average of 15.14% [6] - The Zacks Consensus Estimate for AIG's current-year earnings is $7.02 per share, indicating a 41.8% year-over-year growth, while revenue is estimated at $27.25 billion, signaling a 16.9% decline [7]

Core Insights - American International Group, Inc. (AIG) has formed a strategic partnership with CVC to enhance AIG's long-term investment goals through CVC's expertise in insurance solutions and private markets innovation [1][7] Group 1: Partnership Details - The partnership includes the creation of large-scale separately managed accounts (SMAs) focused on CVC's credit strategies and the launch of a private equity secondaries evergreen platform with AIG as a cornerstone investor [2][3] - AIG will contribute up to $1.5 billion from its existing private equity portfolio to CVC's private equity secondaries evergreen platform, providing immediate scale and a seed portfolio for the strategy [4] - AIG plans to allocate up to $2 billion to SMAs and Funds managed by CVC, with an initial deployment of $1 billion through 2026, allowing tailored access to diversified private and liquid credit strategies [5] Group 2: Strategic Implications - The partnership reflects a shared ambition to build a long-term relationship focused on scale, alignment, and bespoke solutions for global institutional and private wealth investors [3] - CVC's CEO highlighted the partnership as a strong endorsement of CVC's capabilities to meet the evolving needs of global insurance institutions [6] - AIG's CEO emphasized the collaboration with a European asset manager as a strategic move to actively manage its investment portfolio and access differentiated opportunities [7] Group 3: CVC Overview - CVC is a leading global private markets manager with approximately €201 billion in assets under management and a network of 30 office locations worldwide [8] - CVC has secured over €243 billion in commitments from leading pension funds and institutional investors across its seven complementary strategies [8] - CVC's private equity strategy is invested in over 150 companies globally, generating combined annual sales exceeding €165 billion and employing nearly 600,000 people [8]

Group 1 - Anta Sports has made an offer to acquire the 29% stake in Puma held by the French Pinault family, which would make Anta the largest single shareholder of Puma if the deal is completed [2][4] - Anta Sports was previously listed as one of the potential bidders for Puma [4] - The acquisition process may involve collaboration with a private equity fund, similar to Anta's previous acquisition of Amer Sports [5] Group 2 - Other potential bidders for Puma include Li Ning, Asics, Authentic Brands Group, and private equity firm CVC [5] - Sources indicate that the progress of Anta's acquisition of Puma has stalled [5]