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NEW YORK - American International Group, Inc. (NYSE:AIG), a prominent insurance player with a market capitalization of $44.3 billion and annual revenue of $27.4 billion, announced Monday that Scott Hallworth will join the company as Chief Digital Officer, effective September 1, 2025. Hallworth will lead AIG’s digital, data and GenAI strategy, focusing on enterprise-wide standards and scaling GenAI across the organization.
Hallworth will become a member of AIG’s Executive Leadership Team, based in New York. He will initially report to Claude Wade, Executive Vice President, Chief Digital Officer and Global Head of Business Operations & Claims. Starting January 1, 2026, Hallworth will report directly to Peter Zaffino, Chairman & CEO, as Wade transitions to an advisory role due to health issues.
Hallworth joins AIG from Hewlett Packard Inc. with over 30 years of experience leading digital and data strategies across technology, banking and insurance sectors. His previous roles include Chief Data Officer at HP Inc. and Capital One, as well as Senior Vice President & Chief Actuary at Travelers.
"Scott Hallworth brings a deep, technical background in digital, GenAI and actuarial capabilities to AIG," said Zaffino in the press release statement.
Wade, who has led AIG’s global operations and established the company’s data, digital and AI foundation, will step down from his current responsibilities at the end of 2025 to address ongoing health issues.
AIG provides insurance solutions for businesses and individuals in more than 200 countries and jurisdictions through its operations, licenses and authorizations, as well as network partners, according to the company’s press release. InvestingPro analysis indicates the company is currently undervalued, with strong earnings of $5.34 per share in the last twelve months. For deeper insights into AIG’s valuation and growth potential, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, American International Group (AIG) reported its second-quarter 2025 earnings, surpassing Wall Street expectations with a notable increase in earnings per share and revenue. Despite these positive financial results, several analyst firms have adjusted their price targets for AIG. Keefe, Bruyette & Woods lowered its price target to $91, citing expectations for slower premium growth and higher core loss and expense ratios. Goldman Sachs also reduced its price target to $85, mentioning pressures on the underlying loss ratio, although these were mitigated by higher net investment income. Jefferies adjusted its target to $96, pointing to disappointing underlying results and deteriorating rate and trend commentary. CFRA decreased its target to $90, highlighting mixed top-line trends and a modest 3% rise in General Insurance written premiums. These developments reflect a range of perspectives on AIG’s financial health and future prospects.
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