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American International Group, Inc. (AINND.XC)
| Previous close | 70.91 |
| Open | 70.91 |
| Bid | 71.95 x N/A |
| Ask | 72.08 x N/A |
| Day's range | 70.91 - 70.91 |
| 52-week range | 56.15 - 70.91 |
| Volume | |
| Avg. volume | 1 |
| Market cap | 47.061B |
| Beta (5Y monthly) | 1.09 |
| PE ratio (TTM) | 11.35 |
| EPS (TTM) | 6.25 |
| Earnings date | 30 Jul 2024 - 05 Aug 2024 |
| Forward dividend & yield | 1.49 (2.10%) |
| Ex-dividend date | 14 Jun 2024 |
| 1y target est | N/A |
- Yahoo Finance Video
Extreme weather risks and insurance stocks: Investment guide
2023 was a year of extreme weather with 22 billion-dollar disasters occurring in the calendar year, according to the National Centers for Environmental Information (NCEI). With extreme weather instances on the rise, how are insurance companies coping with potential fallout from these events? CFRA Research Vice President Cathy Seifert joins Market Domination to give insight into the impact these extreme weather phenomena are having on insurance companies and what investors need to keep in mind when adding these names to their portfolios. Seifert outlines the current landscape for insurers in the sector: "The insurance industry really has not seen this kind of pricing power in decades. And I would argue that this pricing power that the industry currently has is likely to be a secular trend, not a cyclical trend. This is good for insurance investors. I think you have to choose carefully depending upon a particular company's strategy, how well they've historically underwritten and things like that." She references insurers with "pricing power, but either have a diversified book of business so that they don't have outsized exposure to one particular line of coverage, or one particular area to, and also have lines of coverage that is not necessarily as exposed to severe weather." This includes primary insurer and reinsurer Arch Capital (ACGL). For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
Business WireAIG Completes Deconsolidation of Corebridge Financial
NEW YORK, June 10, 2024--American International Group, Inc. (NYSE: AIG) today announced it has met the requirements for the deconsolidation of Corebridge Financial (NYSE: CRBG) for accounting purposes. The deconsolidation is a result of AIG’s decision to waive its right to majority representation on the Corebridge Financial Board of Directors and the resignation of Chris Schaper, Executive Vice President, Global Chief Underwriting Officer, AIG, from Corebridge Financial’s Board of Directors.
Business WireAIG Announces Closing of Secondary Offering of Corebridge Financial, Inc. Common Stock
NEW YORK, June 03, 2024--American International Group, Inc. (NYSE: AIG) today announced the closing of its secondary offering of shares of Corebridge Financial, Inc. (NYSE: CRBG) common stock. AIG, as the selling stockholder, sold 30 million existing shares of common stock (out of approximately 608 million total shares of common stock outstanding) of Corebridge Financial at a public offering price of $29.20 per share, which included a 30-day option to the underwriter to purchase up to an additio
