Recent Updates — AIG
On September 24, 2026, American International Group closed the sale of €1.125 billion aggregate principal amount of senior unsecured notes. The issuance includes €625 million of 4.250% Notes Due 2031 and €500 million of 4.750% Notes Due 2036, underwritten by Deutsche Bank AG, J.P. Morgan Securities plc, BNP PARIBAS, and Citigroup Global Markets Limited. This debt financing activity is material as it impacts the company's capital structure and interest obligations. American International Group operates in the global insurance industry, providing property casualty insurance, life insurance, and retirement services.
American International Group announced that Jon Hancock, Executive Vice President and Chief Executive Officer of General Insurance, will retire from his executive role on December 31, 2026. Following a six-year tenure at AIG and a 40-year career in the insurance industry, Mr. Hancock will transition to the position of Senior Advisor. In this new capacity, he will report directly to Eric Andersen, President and Chief Executive Officer of AIG, providing counsel on strategic priorities to support the company's long-term success. This executive departure is material as it involves a key leadership figure in the General Insurance segment. American International Group operates in the global insurance industry, providing property casualty insurance and other financial services.
American International Group announced that Executive Chair Peter Zaffino will step down from his role as Executive Chair and Board member on September 15, 2026, transitioning to a Senior Advisor position. Concurrently, Lead Independent Director John Rice was elected to serve as the new Chair of the Board effective the same date. The company confirmed that these leadership changes do not constitute a termination without cause or for good reason under Zaffino's employment agreement and will not alter his compensation. This governance transition is not due to any disagreement with management or operations. American International Group operates in the global insurance industry, providing property, casualty, and other insurance solutions to businesses and individuals.
American International Group reported second quarter 2026 results with net income of $948 million, or $1.78 per diluted share, down from $1.1 billion in the prior year period. Adjusted after-tax income rose 10% to $1.07 billion, or $2.00 per diluted share. General Insurance net premiums written increased 9% to $7.5 billion, and underwriting income grew 10% to $686 million with a combined ratio of 89.0%. The company sold its remaining Corebridge Financial interest for approximately $710 million in May. Additionally, the Board declared a quarterly cash dividend of $0.50 per share on common stock, payable September 30, 2026 to shareholders of record as of September 16, 2026. AIG operates as a leading global insurance organization providing property and casualty coverage.
AIG held its annual meeting of shareholders, electing its board of directors and ratifying PricewaterhouseCoopers LLP as auditor, though the advisory vote on executive compensation faced significant opposition with 104.6 million votes cast against the proposal. These results confirm the company's governance leadership while signaling investor dissatisfaction with current executive pay structures.
American International Group reported its first-quarter 2026 financial results and declared a quarterly cash dividend of $0.50 per share. This payment represents an 11% increase over previous quarterly dividends, signaling management's confidence in the company's financial health and cash flow.