How Is American International Group’s Stock Performance Compared to Other Diversified Insurance Stocks

American International Group (AIG) announced that Peter Zaffino will step down as Executive Chair on September 15, 2026, and John Rice will assume the role. The company projects $32.0 billion in revenue and $4.3 billion in earnings by 2029. Q2 2026 earnings showed stable revenue and net income compared to the prior year. Analysts estimate a fair value range of $88 to $158 per share.

AIG announced that Peter Zaffino will step down as Executive Chair and become a Senior Advisor, while John Rice will become Chair of the Board. The changes are effective September 15, 2026. Zaffino will support the leadership team, and Rice will oversee board governance and strategic priorities.

Peter Zaffino will leave AIG as executive chairman on Sept. 15 to join Palantir as global head of financial services in January. John Rice, AIG's lead independent director, will succeed Zaffino as chairman. Zaffino led AIG's turnaround efforts since 2017. AIG and Palantir announced the changes.

Peter Zaffino, the executive chairman of AIG, will step down from his role. The company has not yet announced a successor or a specific reason for his departure.

Chubb (CB) beat estimates but fell 2.3% to $346.63. AIG (AIG) missed expectations with $7.11B revenue, down 3.2% to $77.39. Kemper (KMPR) reported $1.12B revenue, down 9.1%, and fell 5.5% to $27.67. All three companies missed key analyst estimates.

AIG reported Q2 2026 adjusted after-tax income of $1.1 billion, $2.00 per diluted share, up 10% YoY. Net premiums written were $7.5 billion, up 9% on a constant-dollar basis. Underwriting income rose to $686 million and the accident year combined ratio improved to 88.1%. The company also completed its Corebridge divestiture and targeted a general insurance expense ratio below 30% for full-year 2027.