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American International Group Announces CEO Succession and Transition

Story Highlights
  • AIG CEO Peter Zaffino will become Executive Chair and retire as CEO by mid-2026.
  • AIG appointed Eric Andersen as President and CEO-elect from February 2026 to ensure a smooth leadership transition.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
American International Group Announces CEO Succession and Transition

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American International Group ( (AIG) ) just unveiled an update.

On January 6, 2026, American International Group announced that Chairman and CEO Peter Zaffino will transition to Executive Chair and retire as CEO by mid-2026, after leading a multi-year transformation that restored AIG’s profitability, strengthened its balance sheet, and repositioned the group as a top-performing global property and casualty insurer. As part of a planned succession process, the board has appointed long-time insurance executive Eric Andersen, formerly President of Aon, as President and CEO-elect effective February 16, 2026, with an expectation he will assume the CEO role and join the board after June 1, 2026, under compensation packages designed to support continuity and long-term performance, signaling a focus on sustaining underwriting discipline, digital and data initiatives, and shareholder value creation following Zaffino’s turnaround tenure, which included five consecutive years of underwriting profitability and significant capital returns to investors from 2021 to 2025.

The most recent analyst rating on (AIG) stock is a Buy with a $96.00 price target. To see the full list of analyst forecasts on American International Group stock, see the AIG Stock Forecast page.

Spark’s Take on AIG Stock

According to Spark, TipRanks’ AI Analyst, AIG is a Neutral.

AIG’s overall stock score reflects a balance of strong earnings performance and strategic growth initiatives against the backdrop of revenue decline and technical challenges. The positive sentiment from the earnings call and reasonable valuation provide support, while technical indicators suggest caution. The company’s operational efficiency and strategic investments are key strengths, but revenue trends and market conditions warrant careful monitoring.

To see Spark’s full report on AIG stock, click here.

More about American International Group

American International Group, Inc. (AIG) is a leading global insurance organization that provides property and casualty and other insurance solutions to businesses and individuals in more than 200 countries and jurisdictions, helping clients protect assets and manage risk through its worldwide operations, licenses, authorizations, and network partners.

Average Trading Volume: 4,346,448

Technical Sentiment Signal: Strong Buy

Current Market Cap: $45.53B

See more insights into AIG stock on TipRanks’ Stock Analysis page.

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