American International Group (AIG) to Acquire Everest Colombia Unit
American International Group, Inc. (NYSE:AIG) is one of the
12 Most Undervalued Stocks to Invest In.
On May 19, 2026, American International Group, Inc. (NYSE:AIG) entered into a definitive agreement to acquire Everest Compania de Seguros Generales Colombia, Everest Group’s (EG) insurance subsidiary in Colombia. The deal will give AIG subsidiaries 100% of the equity of Everest Colombia, including its licensed operations, employees, and ongoing insurance business. AIG said the acquisition strengthens its presence in Latin America and supports its strategy to drive premium growth. The transaction is expected to close in early 2027, subject to regulatory approvals and other customary closing conditions.
On May 8, 2026, Keefe Bruyette raised the firm’s price target on American International Group, Inc. (NYSE:AIG) to $98 from $97 previously and maintained an Outperform rating on the shares.
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Last month, American International Group, Inc. (NYSE:AIG) reported Q1 adjusted EPS of $2.11, ahead of the consensus estimate of $1.88. Chairman and CEO Peter Zaffino said AIG entered 2026 with “significant momentum” and delivered outstanding first-quarter results, citing underwriting strength and earnings momentum across the business. Zaffino also said adjusted after-tax income per diluted share increased 80% year-over-year, while Core Operating ROE reached 12.2%. Net premiums written rose 24% year-over-year on a reported basis, or 18% on a constant dollar basis.
American International Group, Inc. (NYSE:AIG) provides insurance products for commercial, institutional, and individual customers in North America and internationally.
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