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American International Group (AIG)
NYSE:AIG
RESEARCH TOOLSreports
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.28Last Year’s EPS
$1.79Same Quarter Last Year
Moderate Buy
Based on 15 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: -4.24%
|Next Earnings Date:Feb 12, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong financial performance with significant growth in premiums and investment income, alongside disciplined capital management. However, the impact of catastrophe losses and adverse developments in Europe and prior year reserves introduced significant challenges. Overall, the highlights outweigh the lowlights, reflecting a robust financial outlook.Company Guidance
During AIG's third-quarter 2024 earnings call, comprehensive guidance was provided highlighting the company's strong financial performance and strategic priorities. Key metrics included an adjusted after-tax income of $798 million, equating to $1.23 per diluted share, which marked a 31% increase in earnings per share year-over-year. The underwriting income stood at $437 million, despite incurring catastrophe-related charges of $417 million, resulting in a calendar year combined ratio of 92.6%. Additionally, AIG reported a consolidated net investment income of $897 million, reflecting a 19% increase from the previous year. The company returned approximately $1.8 billion to shareholders through stock repurchases and dividends, contributing to a debt-to-total capital ratio of 17.9% and parent liquidity of $4.2 billion. AIG also emphasized its commitment to achieving a 10% core operating return on equity (ROE) by 2025, leveraging a robust capital management strategy, rigorous expense discipline, and strategic innovations, notably in AI and underwriting processes.Strong Financial Performance
AIG reported adjusted after-tax income of $798 million or $1.23 per diluted share, representing a 31% increase in earnings per share year-over-year.
Record Shareholder Returns
AIG returned approximately $1.8 billion to shareholders in the third quarter through $1.5 billion of stock repurchases and $254 million of dividends, with an additional $520 million repurchased in October.
Growth in General Insurance
Gross premiums written increased by 3% to $8.6 billion, and net premiums written grew by 6% to $6.4 billion. The accident year combined ratio as adjusted was 88.3%.
Improved Investment Income
Consolidated net investment income on an adjusted pretax income basis was $897 million, a 19% increase year-over-year.
Successful Capital Management
AIG's debt to total capital ratio decreased to 17.9%, among the lowest in its peer group, and parent liquidity stood at $4.2 billion.
Growth in Lexington
Lexington saw 24% growth in new business, with a 35% increase in submissions, driven by a 70% increase in casualty submissions.
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AIG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AIG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $75.91 | $74.98 | -1.23% |
| Jul 31, 2024 | $78.36 | $74.09 | -5.45% |
| May 01, 2024 | $74.58 | $76.83 | +3.02% |
| Feb 13, 2024 | $68.62 | $67.72 | -1.31% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does American International Group (AIG) report earnings?
American International Group (AIG) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is American International Group (AIG) earnings time?
American International Group (AIG) earnings time is at Feb 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AIG EPS forecast?
AIG EPS forecast for the fiscal quarter 2024 (Q4) is $1.28.
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