AIG downgraded to Market Perform from Outperform at BMO Capital

BMO Capital downgraded AIG to Market Perform from Outperform with a price target of $84, down from $90. The firm says insurance pricing power within the large employer marketplace remains “soft.” Most large employers do not expect their pricing costs to meaningfully accelerate in the coming six months, the analyst tells investors in a research note. As such, BMO sees slightly more downside to profit margins for some insurers who have a meaningful presence within the large employer marketplace. AIG’s 2025 premium mix is 72% commercial lines, which the firm estimates is predominantly large-account weighted.