EarningsAIG reported operating EPS of $1.23, beating consensus of $1.10, with the upside driven by lower catastrophe losses and higher net favorable prior year development.
Financial PerformanceAIG shares are trading at approximately 1.0x book value, which is lower compared to peers trading above 1.6x, suggesting potential for a relief rally in AIG's share price.
Strategic DevelopmentsThe full de-consolidation of AIG's Life operations is expected to occur, which could be beneficial to the company's financial structure.