EarningsAIG reports 2Q24 operational EPS of $1.16, which is below the forecast of $1.33 and Consensus of $1.32.
Financial PerformanceThe deconsolidation of Corebridge from AIG's model and a 5% secondary offering resulted in lowering the EPS by 35%.
ValuationWhile the company has a solid set up for growth and ROCE improvements, this is largely reflected into the current valuations, so the recommendation remains Equal-weight.