Form 8-K · Current Report · Filed 2024-05-01
AIG Announces Strong Q1 2024 Financial Results and Dividend Increase
American International Group, Inc. (AIG) reported strong first-quarter 2024 financial results, with net income attributable to AIG common shareholders at $1.2 billion, or $1.74 per diluted share, compared to $23 million, or $0.03 per diluted share, in Q1 2023. The company also declared a cash dividend of $0.40 per share on its Common Stock, marking an 11% increase from the prior quarterly dividends. Additionally, AIG executed nearly $3 billion of capital management actions, including returning $2.4 billion to shareholders through stock repurchases, dividends, and preferred stock redemption.
- Filer
- American International Group Inc. AIG · NYSE
- Filed
- Accession
- 0000005272-24-000047
- CIK
- 0000005272
- Signal
- High impactFinancial Services
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Other Events
Financial Statements and Exhibits
Market reaction
Close before filing
$75.31
Next session
+3.7%
Since filing
+4.3%
Latest close
$78.58
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from AIG reporting the same item, with the next session's move:
Exhibits (1)
About American International Group Inc.
American International Group Inc. is a prominent multinational finance and insurance corporation. Its primary function is to provide a wide array of insurance products and services to clients globally. These offerings include general property and casualty insurance, life insurance, retirement solutions, and other financial services. AIG plays a critical role in the financial market by offering risk management solutions and safeguarding assets for both individuals and businesses. Operating across numerous sectors such as commercial, financial institutions, and personal insurance markets, AIG holds a significant presence in the global insurance landscape. The company is known for tailored products designed to meet diverse customer needs, ranging from small businesses to major corporations. Its broad market reach and longstanding industry experience make it a key player in driving insurance innovation and providing financial security. Founded in 1919 and headquartered in New York City, AIG continues to influence the financial market through strategic leadership and adaptation to changing financial and regulatory environments, consistently working towards strengthening its market position through technological advancements and sustainable practices.
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