While the top- and bottom-line numbers for American International Group (AIG) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
American International Group (AIG) came out with quarterly earnings of $1.30 per share, beating the Zacks Consensus Estimate of $1.26 per share. This compares to earnings of $1.79 per share a year ago.
American International's fourth-quarter earnings are expected to have been affected by lower premiums.
Evaluate the expected performance of American International Group (AIG) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
American International Group (AIG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
AIG remains well-poised for growth on the back of strong retention rates in the General Insurance segment. Divestitures and cost-cutting initiatives drive margins.
American International Group's stock (NYSE: AIG) has gained around 7% over the last 12 months, while the S&P500 is up by over 25% over the same period. American International Group's peer Travelers (NYSE: TRV) is up 25% in the past year.
AIG's improving business mix, growing returns on investments and ongoing expense discipline position it well for long-term growth.
Better pricing, product redesigns, technological advancement and improving inflation are expected to aid multiline insurers like AIG, PRU, HIG, RDN and CNO.
On November 4, 2024, the AIG Board of Directors declared a quarterly cash dividend on AIG common stock of $0.40 per share. The dividend is payable on December 30, 2024 to stockholders of record at the close of business on December 16, 2024.
American International Group, Inc. (NYSE:AIG ) Q3 2024 Earnings Conference Call November 5, 2024 8:30 AM ET Company Participants Quentin McMillan - VP, MD and Head of IR Peter Zaffino - Chairman and CEO Sabra Purtill - EVP and CFO| Don Bailey - EVP and CEO, North America Insurance Jon Hancock - EVP and CEO, International Insurance Conference Call Participants Meyer Shields - KBW Brian Meredith - UBS Rob Cox - Goldman Sachs Alex Scott - Barclays Elyse Greenspan - Wells Fargo Operator Good day, and welcome to AIG's Third Quarter 2024 Financial Results Conference Call. This conference is being recorded.
American International rewards its shareholders with share repurchases worth $1.5 billion in the third quarter.