American International Group, Inc. (NYSE:AIG ) Q4 2024 Earnings Conference Call February 12, 2025 8:30 AM ET Company Participants Quentin McMillan - Investor Relations Peter Zaffino - Chairman and Chief Executive Officer Keith Walsh - Executive Vice President and Chief Financial Officer Jon Hancock - Executive Vice President and Chief Executive Officer, International Commercial Insurance and Global Personal Insurance Don Bailey - Executive Vice President and Chief Executive Officer, North America Insurance Conference Call Participants Alex Scott - Barclays Meyer Shields - KBW Jon Newsome - Piper Sandler Michael Zaremski - BMO Capital Markets Operator Good day and welcome to AIG's Fourth Quarter and Full Year 2024 Financial Results Conference Call. This conference is being recorded.
American International Group shares have been range-bound, up 8% in the past year, with limited upside due to valuation constraints and modest earnings growth, excluding the impact of buybacks. AIG's transformational period included divestitures, significant share buybacks, and improved balance sheet health, but core underwriting improvements appear to have peaked. The company's capital allocation is strong, with continued buybacks expected, but catastrophe losses and modest investment income gains limit EPS growth potential.
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.