AIG's commercial underwriting has quietly rivaled that of industry leader, Chubb. A narrowed focus has AIG's set for a 3%+ reduction in its expense ratio over the next few years, supporting a structural and permanent increase in its combined ratio. I expect about 1 out of every 6 shares of AIG to be retired through share repurchases by December 31, 2025.
FEAM, AZUL and AIG have been added to the Zacks Rank #5 (Strong Sell) List on September 10, 2024.
Better pricing, product redesigns, technological advancement, and improving inflation are expected to aid multiline insurers like MET, AIG, PRU, AIZ and MTG.
Start Time: 16:20 January 1, 0000 5:05 PM ET American International Group, Inc. (NYSE:AIG ) 2024 Keefe, Bruyette & Woods Insurance Conference September 04, 2024, 16:20 PM ET Company Participants Peter Zaffino - Chairman and CEO Conference Call Participants Meyer Shields - Keefe, Bruyette & Woods Meyer Shields Going to move right along and I'm thrilled to have Peter Zaffino, CEO of AIG. He is going to make some opening comments and then the regular Q&A plus audience participation from there on.
American International Group (AIG) reported earnings 30 days ago. What's next for the stock?
Investors are shaken up after last week's volatility in the stock market, which rocked indexes from Tokyo to New York. This left all participants with the concern that more could be coming in the following weeks.
AIG's second-quarter results are affected by higher global catastrophe losses. This was partially offset by improved net investment income.
American International Group, Inc. (NYSE:AIG ) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Quentin McMillan - VP, Managing Director & Head of IR Peter Zaffino - Chairman & CEO Sabra Purtill - EVP & CFO| Don Bailey - EVP & CEO, North America Insurance Jon Hancock - EVP & CEO, International Insurance Conference Call Participants Michael Zaremski - BMO Capital Markets Meyer Shields - KBW Elyse Greenspan - Wells Fargo Securities Rob Cox - Goldman Sachs Mike Ward - Citigroup Operator Good day, and welcome to AIG's Second Quarter 2024 Financial Results Conference Call. This conference is being recorded.
The headline numbers for American International Group (AIG) give insight into how the company performed in the quarter ended June 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 $1.16 per share, missing the Zacks Consensus Estimate of $1.39 per share. This compares to earnings of $1.75 per share a year ago.
American International Group reported a smaller-than-expected rise in second-quarter profit on Wednesday, hurt by lower underwriting income in its general insurance unit tied to divestitures and higher catastrophe losses.
American International's (AIG) second-quarter results are likely to reflect lower profits from General Insurance.