Record-Breaking Quarter for AIG

In a remarkable turnaround, American International Group Inc. (AIG) announced a staggering net income of $898 million for the fourth quarter of fiscal 2024, a dramatic increase from the $86 million reported in the same period the previous year.

Financial Highlights

The company also reported a 1090% surge in net income per diluted share, reaching $1.43, alongside a 44% increase in net investment income, which totaled $1.3 billion.

CEO's Perspective

CEO Peter Zaffino reflected on the year's achievements, emphasizing the successful execution of strategic priorities, enhanced financial performance, and the significant milestone of deconsolidating Corebridge Financial. This strategic move allowed AIG to reorganize its operations into three distinct segments, further solidifying its market position.

Following the announcement, AIG shares experienced a 1.12% uptick in after-hours trading, closing at $75.93 per share.