Sign in

You're signed outSign in or to get full access.

Elise Greenspan

Managing Director and Senior Equity Analyst at Wells Fargo Securities

Elyse Greenspan is a Managing Director and Senior Equity Analyst at Wells Fargo Securities, specializing in the financial sector with a primary focus on insurance companies. She covers specific firms such as Progressive (PGR), W.R. Berkley (WRB), Travelers (TRV), Marsh & McLennan (MMC), Prudential Financial (PRU), Corebridge Financial (CRBG), Equitable Holdings (EQH), Brighthouse Financial (BHF), and Globe Life (GL), achieving a 55% success rate on 503 ratings and an average return of 6.7% per rating over one year according to TipRanks, with her best call on Globe Life delivering +145.3% return. Greenspan began her career after graduating from Cornell University in 2002 and has over 22 years of experience, joining Wells Fargo Securities where she has issued hundreds of ratings on 41-47 companies. She holds FINRA registrations with 53 state licenses and zero disclosures.

Elise Greenspan's questions to AMERICAN INTERNATIONAL GROUP (AIG) leadership

Question · Q4 2025

Elise Greenspan asked about the expense ratio, specifically how the improvement towards the 2027 target of sub-30% would be split between 2026 and 2027, given the 31.1% for 2025. She also sought confirmation on the capital management plan, specifically if the $1 billion minimum share repurchase is a baseline, with Corebridge proceeds being additional.

Answer

Peter Zaffino, Chairman and CEO, AIG, stated that the 2025 expense ratio was largely due to parent expenses being absorbed by the business, a headwind that will not be present in 2026. He expects meaningful and more predictable improvement in 2026, reaffirming confidence in reaching the sub-30% target by 2027 through expense discipline and leverage from strong premium growth. Keith Walsh, CFO, AIG, confirmed that the $1 billion share repurchase is a baseline, and the vast majority of Corebridge proceeds will be deployed into additional share repurchases.

Ask follow-up questions

Fintool

Fintool can predict AMERICAN INTERNATIONAL GROUP logo AIG's earnings beat/miss a week before the call

News for Covered Companies

AIG CEO Zaffino to Step Down After Transforming Insurance Giant

AIG CEO Zaffino to Step Down After Transforming Insurance Giant

AIGJan 6