12 Best Property & Casualty Insurance Stocks to Buy Now

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4. American International Group Inc. (NYSE:AIG)

Number of Hedge Fund Holders: 49

American International Group Inc. (NYSE:AIG) is a leading global insurance organization providing property-casualty insurance, life insurance, retirement solutions, and financial services. The company has a long history of serving individuals, businesses, and institutions worldwide.

American International Group Inc. (NYSE:AIG) has expanded CEO Jon Hancock’s leadership role globally and launched Syndicate 2478 at Lloyd’s, a new reinsurance syndicate aimed at enhancing its reinsurance capabilities. The company continues to focus on operational improvements, including the consolidation of its Atlanta-area operations into a new innovation hub in Brookhaven. Despite challenges, such as the $500 million estimated loss from California wildfires, American International Group Inc. (NYSE:AIG) remains committed to supporting affected communities while also fostering innovation and efficiency within its business.

American International Group Inc. (NYSE:AIG)’s fourth-quarter 2024 results show a notable rebound, with net income attributable to common shareholders reaching $898 million, compared to just $86 million in Q4 2023. This sharp increase reflects improved performance in core operations and reduced losses from discontinued operations. However, for the full year, American International Group Inc. (NYSE:AIG) reported a net loss of $1.4 billion, down from a net profit of $3.6 billion in 2023, largely due to the accounting impact of the deconsolidation of Corebridge.

KBW analyst Meyer Shields maintains a Buy rating on American International Group Inc. (NYSE:AIG), with a price target of $87.00, reflecting confidence in the stock’s potential. As of February 12, 2025, the stock is trading at $75.55.

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