AIG's Balance Sheet is Transforming Amid Ongoing CRBG Divestiture, Recent Deals, RBC Says

MT Newswires Live
11/26

American International Group's (AIG) balance sheet continues to transform as the company moves toward a full divestment of Corebridge Financial (CRBG) shares and completes recently announced deals, RBC Capital Markets said in a Monday note.

AIG's recent Onex/Convex and Everest Group (EG) deals enhance AIG's operating position moving forward, RBC said, adding that the deals come at the cost of buybacks at "highly attractive multiples" in 2026.

RBC said it is in-line with consensus expectations, with about 1% variance in 2026-2027, and that its growth estimates are modestly ahead of consensus.

"We sit at $1 billion of repurchases in 2026 and $1.5 billion in 2027, consistent with management commentary and inorganic capital opportunities in late 2026 for lingering CRBG ownership," RBC added.

The firm rated AIG as sector perform with an $85 price target.

Price: 75.84, Change: +0.73, Percent Change: +0.97

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