American International Group Inc.
AIG Announces Third Quarter 2024 Financial Results and Dividend
Summary
American International Group, Inc. (AIG) reported its third-quarter 2024 financial results, showing a decrease in net income attributable to AIG common shareholders to $459 million, or $0.71 per diluted share, compared to $2.0 billion, or $2.81 per diluted share, in the prior year. The company also announced a cash dividend of $0.40 per share on its common stock. Adjusted after-tax income per diluted share was $1.23, reflecting improved net investment income and Other Operations results. Total net investment income was $973 million for the quarter. AIG returned approximately $1.8 billion to shareholders through stock repurchases and dividends.
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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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