Company Historically Provides H-1B Sponsorship
AIG underwrites property and casualty insurance for businesses and individuals, covering losses from damaged assets, legal claims and personal accidents. Its commercial policies span risks such as cyberattacks, shipping losses and aviation accidents, while personal coverage includes accident and health insurance and protection for valuable homes. Brokers and agents connect clients with insurers that assess risks, set premiums and handle claims under each policy's terms. The group earns insurance premiums and investment income on assets held to meet future claims. Its operating roots date to Shanghai in 1919, and its headquarters are in New York City.
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Industries
Company Size
10,001+
Company Stage
IPO
Headquarters
New York City, New York
Founded
1919
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Total Funding
$1.2B
Above
Industry Average
Funded Over
1 Rounds
American International Group (AIG) reported third-quarter 2026 adjusted after-tax income of $1.1 billion, or $2.06 per diluted share. Adjusted pre-tax income fell to $1.4 billion from $1.6 billion a year earlier. Net premiums written rose 8%, but AIG cut its full-year growth forecast from low-to-mid-teens to high single digits. Chief executive officer Eric Andersen cited tougher market conditions, especially falling property prices in North America. Underwriting income was $564 million, and core operating return on equity was 11.1%. AIG returned $787 million to shareholders, including $527 million in buybacks and $260 million in dividends.
American International Group (AIG) has agreed to buy Everest's Chilean insurance subsidiary and has completed its purchase of Everest's Colombian unit, expanding its reach in Latin America. The shares rose 10.05% over one month and 4.23% over three months, though they are down 2.81% this year. Total shareholder returns were 37.37% over three years and 55.75% over five years. The most followed analyst view puts fair value at $88.45, against a last close of $81.90, which suggests the stock is 7.4% undervalued. Risks include high catastrophe losses and pricing pressure. On earnings, AIG trades at 14.4x, against 11.5x for the US insurance industry and a fair ratio of 11.8x. That suggests investors already pay a premium.
American International Group has completed a €1.125 billion euro-denominated senior note offering in two tranches. The company issued €625 million in 4.250% notes due 2031 and €500 million in 4.750% notes due 2036, both closing on 24 September 2026. The underwriting agreement, executed on 15 September, included Deutsche Bank AG London Branch, J.P. Morgan Securities, BNP Paribas, and Citigroup Global Markets as lead underwriters. The Bank of New York Mellon serves as trustee for both tranches. Sullivan & Cromwell provided a legal opinion confirming the validity of the notes. AIG filed the details with the SEC in a Form 8-K on 24 September.
Steve Eisman, the investor known from "The Big Short", has disclosed that he owns shares in American International Group. His comments came during a podcast discussion with Cantor Fitzgerald analyst Ryan Tunis, who rates AIG as "really, really cheap". Tunis upgraded AIG to Overweight in July with a price target of $92, later trimmed to $90. This implies approximately 18% upside from the stock's recent $76.21 close, near its book value of $77.39 per share. The analyst highlighted AIG's restructuring efforts and improved underwriting operations. The insurer reported $686 million in second-quarter underwriting income, up 10% year-on-year. However, Tunis cautioned that the commercial insurance market is softening after seven years of strong pricing power. He noted that AIG's heavy exposure to large corporate accounts could face pressure as competitors chase business on price.
American International Group has launched a parametric cloud outage cyber insurance product for US clients, developed with Parametrix. The solution covers business interruption risks from third-party cloud and software service provider outages. Claims are based on predefined outage triggers and external monitoring data, designed to accelerate the claims process. The product targets US businesses heavily reliant on cloud infrastructure and software platforms. AIG, a US insurance company with a market capitalisation of approximately $39.8 billion, aims to compete for larger cyber and professional liability programmes where cloud downtime recovery is crucial. The launch aligns with the company's focus on digitalisation and specialised products. Investors should monitor upcoming quarterly disclosures for cyber or parametric premium volumes and client uptake commentary to assess the product's market traction.
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Industries
Company Size
10,001+
Company Stage
IPO
Headquarters
New York City, New York
Founded
1919
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs