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.
The headline numbers for American International Group (AIG) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
American International Group (AIG) came out with quarterly earnings of $1.23 per share, beating the Zacks Consensus Estimate of $1.13 per share. This compares to earnings of $1.61 per share a year ago.
American International Group sailed past Wall Street estimates for third-quarter profit on Monday as the insurer benefited from strong underwriting and higher returns on investments.
AIG's third-quarter earnings are likely to have been impacted by lower premiums and net investment income.
Besides Wall Street's top -and-bottom-line estimates for American International Group (AIG), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.
American International Group (AIG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.