AIG Announces Quarterly Dividend of $0.45 Per Share

American International Group (AIG) has declared a quarterly dividend of $0.45 per share, in line with previous payments. The forward yield is 2.28%. The dividend will be payable on September 30, with a record date of September 16 and an ex-dividend date of September 16.

American International Group (AIG) has announced a quarterly dividend of $0.45 per share, aligning with previous payments. The forward yield stands at 2.28%. The dividend, payable on September 30, will have a record date of September 16 and an ex-dividend date of September 16.

AIG's latest dividend follows a strong second quarter, marked by robust financial performance. The company reported a net income per diluted share of $1.98, a significant improvement from the prior year's net loss of $5.96. Adjusted after-tax income per diluted share increased by 56% year-over-year to $1.81. Total net income for the second quarter was $1.1 billion, a substantial turnaround from a net loss of $4.0 billion in the prior year quarter.

Key drivers of AIG's financial performance include higher underwriting income and net investment income. Underwriting income grew by 46% year-over-year to $626 million, while net investment income increased by 48% to $1.5 billion. The company also returned $2.0 billion to shareholders through share repurchases and dividends, demonstrating a commitment to capital management and shareholder value.

AIG's General Insurance segment reported a net premiums written (NPW) of $6.9 billion, a 1% decrease on a reported basis but a 1% increase on a comparable basis. The segment's combined ratio improved to 89.3%, reflecting enhanced underwriting profitability and disciplined capital management.

The company's strong financial performance and dividend announcement underscore its resilience and commitment to shareholder value. As AIG continues to navigate a dynamic macroeconomic environment, investors can expect ongoing progress toward long-term strategic, operational, and financial objectives.