AIG Optimizes Portfolio With Sale of Travel Insurance Business [Yahoo! Finance]
American International Group, Inc. New (AIG)
Last american international group, inc. new earnings: 2/13 06:45 am
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Source: Yahoo! Finance
It has agreed to sell the business for $600 million cash coupled with additional earn-out consideration to Zurich Insurance Group. The sale is expected to be completed by the end of 2024, pending closing conditions and regulatory approvals. The sale agreement contains its Travel Guard line and servicing capabilities, barring Japan and its joint venture agreement in India. The agreement also excludes travel insurance offered through its Accident & Health line. This move bodes well for AIG as it will free up its capital and simplify its operations in the future. AIG continues to streamline its operations to intensify its focus on its General Insurance business. This strategic approach is likely to improve profitability, bolster liquidity, and reduce portfolio volatility. Recent divestments from global insurance organizations, such as Validus Re, AlphaCat, Talbot Treaty, and Crop Risk Services, underscore this commitment to refocusing efforts on core operations. Moves like these wi
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AIG
News
- Here's Why American International Group (AIG) is a Strong Value Stock [Yahoo! Finance]Yahoo! Finance
- American International Group, Inc. (NYSE: AIG) had its "outperform" rating re-affirmed by analysts at Keefe, Bruyette & Woods. They now have a $87.00 price target on the stock.MarketBeat
- American International Group, Inc. (NYSE: AIG) had its price target lowered by analysts at Evercore ISI from $81.00 to $78.00. They now have an "in-line" rating on the stock.MarketBeat
- MiCA set to accelerate investment in surveillance for crypto trading firms [Yahoo! Finance]Yahoo! Finance
- AIG to Sell its Global Personal Travel Insurance and Assistance Business including Travel Guard® to Zurich [Yahoo! Finance]Yahoo! Finance
AIG
Earnings
- 5/1/24 - Beat
AIG
Sec Filings
- 6/27/24 - Form DEF
- 6/27/24 - Form DEF
- 6/27/24 - Form DEF
- AIG's page on the SEC website