secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN INTERNATIONAL GROUP, INC. (AIG)
CIK:        0000005272
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0000005272-23-000029
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AIG Q2 adjusted EPS $1.75 (highest since 2007); declares $0.36 dividend; sells Validus Re for $2.74B
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- Net income $1.5B ($2.03 dil EPS) vs $2.7B prior year; adjusted EPS $1.75 (highest since 2007) vs $1.39.
- General Insurance combined ratio 90.9%; accident year combined ratio 88.0% - best Q2 since 2007.
- Life & Retirement APTI $991M (+33%); premiums and deposits $10.1B (+42%) on record Fixed Index Annuity sales.
- Quarterly common dividend raised 12.5% to $0.36/share; repurchased $554M stock in Q2.
- Sale of Validus Re to RenaissanceRe for ~$2.74B cash + $250M stock; closed Crop Risk Services sale for $240M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/5272/000000527223000029/0000005272-23-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/5272/000000527223000029/aig-20230801.htm
  HTML page:      https://secwatch.observer/filing/0000005272-23-000029

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer