AIG shareholders approve board, executive pay at annual meeting

American International Group, Inc. (NYSE:AIG), currently trading at $84.23 and showing a strong year-to-date return of nearly 15%, held its Annual Meeting of Shareholders on May 14, 2025, where several key proposals were put to vote. According to InvestingPro analysis, AIG appears to be trading below its Fair Value, suggesting potential upside opportunity. The insurance giant’s shareholders elected members to the Board of Directors, with each director receiving a majority of votes for their appointment. The results indicate a strong shareholder backing for the current board with all nominees set to serve until the 2026 Annual Meeting or until their successors are elected and qualified. This governance stability comes as AIG maintains a 13-year track record of consistent dividend payments, with the current dividend yield at 2.16%.

In addition to the election of directors, the shareholders cast their votes on executive compensation, commonly referred to as the "Say-on-Pay" vote. The proposal received a majority of votes in favor, demonstrating shareholder support for the company’s executive compensation policies. The advisory vote on the frequency of future executive compensation votes, also known as the "Say-on-When" vote, resulted in a preference for annual evaluations.

Furthermore, the appointment of PricewaterhouseCoopers LLP as AIG’s independent auditor for the fiscal year 2025 was ratified with an overwhelming majority. The company’s financial health metrics from InvestingPro show a robust EBITDA of $7.7 billion in the last twelve months, with analysts projecting continued profitability for the current fiscal year.

The Board has taken into account the results of the Say-on-When Vote and reaffirmed its decision to hold annual Say-on-Pay votes, a practice that will be reevaluated after the next Say-on-When Vote, which will occur at or before the 2031 Annual Meeting of Shareholders.

The decisions made at this Annual Meeting reflect shareholder confidence in AIG’s governance and strategic direction. This information is based on the company’s recent SEC filing. For deeper insights into AIG’s financial health, valuation metrics, and additional ProTips, investors can access the comprehensive Pro Research Report available exclusively on InvestingPro.

In other recent news, American International Group (AIG) reported its first-quarter 2025 earnings, surpassing expectations with an adjusted earnings per share (EPS) of $1.17, compared to the forecasted $0.99. Despite this earnings beat, the company’s revenue slightly missed projections, coming in at $6.8 billion against the expected $6.83 billion. AIG demonstrated robust performance with an 8% year-over-year increase in net premiums written, totaling $4.5 billion. Keefe, Bruyette & Woods adjusted AIG’s stock price target to $97.00 from the previous $94.00, maintaining an Outperform rating due to solid growth and expense reductions. Analyst Meyer Shields from the firm highlighted the company’s ongoing underwriting margin improvements and return to premium growth as positive indicators. AIG’s strategic focus on AI integration and international expansion is part of its plan to achieve a 20%+ EPS compound annual growth rate over the next three years. Additionally, AIG increased its quarterly dividend by 12.5% to $0.45 per share and plans to repurchase $5-6 billion in shares this year. These recent developments reflect AIG’s strategic initiatives and financial performance in the current market environment.

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