American International (AIG) Stock

We have just put together a list of the Top 10 Stock Picks from Diamond Hill Capital. In this article, we will examine how American International Group, Inc. (NYSE:AIG) compares to the other stock selections made by Diamond Hill Capital. This investment management firm, founded in 1997 by Ric Dillon, is located in Columbus, Ohio and is led by Heather Brilliant.

NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) has announced the creation of a new reinsurance syndicate at Lloyd's. Starting on January 1, 2025, Syndicate 2478 will take part in AIG's reinsurance program for several years. Managed by Talbot Underwriting Limited, the syndicate has a stamp capacity of $715 million for the 2025 Year of Account and will receive support from third parties.

NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) has revealed the results of its earlier announced 12 cash offers to buy back certain notes, referred to as the "Notes." Additionally, AIG has modified the Offers by raising the Maximum Purchase Consideration from $750 million to $1.16 billion. These Offers were made in line with AIG's Offer to Purchase, which was dated December 6, 2024.

NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) has revealed the pricing details for the various series of Notes involved in its earlier announced tender offers (the “Offers”) to buy back outstanding notes listed in the table below (together referred to as the “Notes”) for cash, with a total maximum amount of $750 million for Total Consideration (as defined below), not including the Accrued Coupon Payment (as defined below). The Offers are part of AIG's strategy.

NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) has completed the sale of around 120 million shares of its Corebridge Financial, Inc. common stock to Nippon Life Insurance Company at a price of $31.47 per share, totaling $3.8 billion. Wachtell, Lipton, Rosen & Katz provided legal advice, while J.P. Morgan Securities LLC served as AIG's financial advisor.

NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) has announced that it is starting 12 different offers to buy back certain outstanding notes, with a total cash limit of $750 million for the Total Consideration, not including the Accrued Coupon Payment. The notes that are bought through these offers will be considered base.

NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) has announced that it completed the sale of its global personal travel insurance and assistance business, including Travel Guard, to Zurich Insurance Group on December 2, 2024. This sale, which was first revealed when the agreement was signed in June 2024, does not include operations in Japan, AIG's joint venture in India, or travel coverages provided through AIG's Group Accident & H.

This Industry Outlook article has featured American International, Prudential Financial, The Hartford Financial, Radian, and CNO Financial.

Improvements in pricing, product updates, technology, and inflation are likely to benefit multiline insurance companies such as AIG, PRU, HIG, RDN, and CNO.