American International Group raises quarterly dividend after first-quarter profit rises
Updated
Updated · MarketWatch · Apr 30
American International Group raises quarterly dividend after first-quarter profit rises
13 articles · Updated · MarketWatch · Apr 30
AIG reported net income of $763 million, or $1.41 a share, up from $698 million, while adjusted earnings of $2.11 beat FactSet analysts' $1.89 estimate.
The insurer lifted the payout 11% to 50 cents a share, payable on 29 June to shareholders of record on 15 June, marking a fourth straight year of dividend increases above 10%.
Net investment income fell to $712 million from $1.11 billion because of valuation changes tied to Corebridge and equities, though adjusted pre-tax investment income rose 8% to $915 million; shares gained 1.5% after hours.
Beyond the dividend hike, does AIG's $9 billion debt signal a hidden risk for investors?
As the CEO behind its revival exits, can AIG maintain its impressive profit and dividend growth?
After cashing out of Corebridge, can AIG's AI strategy outsmart escalating climate and cyber threats?