Earnings PerformanceAIG reports 2Q24 operational EPS of $1.16, which is below the forecast of $1.33 and consensus of $1.32, primarily driven by higher-than-expected catastrophe losses.
Insurance Market ConditionsInsurance pricing-power within the large employer marketplace remains 'soft' at 0-3%, which affects AIG's ability to enhance profitability in this sector.
Market SentimentSentiment is very negative as AIG's shares have underperformed peers, leading to a muted outlook among investors.