Core Viewpoint - American International Group (AIG) is expected to outperform consensus estimates in its fiscal Q4 2023 results, with projected revenues showing year-on-year growth despite previous mixed results [1][3]. Financial Performance - AIG reported total revenues of $12.78 billion in the last quarter, which was 9% lower than the previous year due to reduced premiums and a decline in net realized gains [1]. - For the first nine months of 2023, AIG's revenues decreased 13% year-on-year to $36.98 billion, while total premiums improved by 10% [3]. - Net investment income (NII) increased by 25% year-on-year during the same period, with expectations for similar performance in Q4 [3]. Earnings Estimates - AIG's fiscal Q4 2023 revenues are forecasted to be around $12.91 billion, which is 3% above the consensus estimate of $12.51 billion [3]. - The adjusted earnings per share (EPS) for Q4 2023 is expected to be $1.72, 5% higher than the consensus estimate of $1.64 [4]. - The annual GAAP EPS for FY2023 is projected to be $6.68 [4]. Stock Valuation - AIG's valuation is estimated at $78 per share, which is 12% higher than the current market price [2][5]. - The valuation is based on a GAAP EPS estimate of $6.68 and a P/E multiple of just below 12x for fiscal 2023 [5].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 —————————— FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-8787 American International Group, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorpor ...

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American International Group, Inc. (AIG) is set to report its fourth-quarter 2023 results on Feb 13, after the closing bell.What Do the Estimates Say?The Zacks Consensus Estimate for fourth-quarter earnings per share of $1.59 has remained stable over the past week. The estimate is indicative of a 16.9% increase from the year-ago quarter’s reported earnings of $1.36 per share. However, the Zacks Consensus Estimate for revenues is pegged at $11.6 billion, suggesting a decline of 4.6% from the year-ago quarter ...

Wall Street analysts forecast that American International Group (AIG) will report quarterly earnings of $1.59 per share in its upcoming release, pointing to a year-over-year increase of 16.9%. It is anticipated that revenues will amount to $11.6 billion, exhibiting a decline of 4.6% compared to the year-ago quarter.Over the last 30 days, there has been a downward revision of 4% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective recon ...

NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced that its Board of Directors has elected John (Chris) Inglis as an independent Director, effective March 1, 2024. A former National Cyber Director and an advisor to President of the United States Joe Biden on cybersecurity from 2021 to 2023, Mr. Inglis is a leading expert on cyber intelligence and security, with a distinguished career in U.S. federal defense, public and private sector service, and academia. After 43 ...

NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced that it will redeem all outstanding shares of its Series A 5.85% Non-Cumulative Perpetual Preferred Stock (CUSIP 026874 750 / ISIN US0268747500) (the “Series A Preferred Stock”) and all the corresponding Depositary Shares (CUSIP 026874 768 / ISIN US0268747682) (the “Depositary Shares”), each representing a 1/1,000th interest in a share of Series A Preferred Stock, on March 15, 2024 (the “Redemption Date”). The redempti ...

Core Viewpoint - AM Best has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICRs) of AIG's property/casualty insurance subsidiaries to "a+" from "a" and affirmed the Financial Strength Rating (FSR) of A (Excellent), with stable outlooks for both ratings [1][3]. Group 1: Credit Ratings and Outlook - The Long-Term ICRs have been upgraded to "a+" (Excellent) from "a" (Excellent) and the FSR of A (Excellent) has been affirmed, with the outlook for the Long-Term ICRs revised to stable from positive [1][3]. - The outlook of the FSR is maintained at stable [1]. Group 2: Financial Strength and Performance - AIG PC's balance sheet strength is assessed as very strong, with a risk-adjusted capital position at the strongest level, benefiting from improving underwriting performance and strong reinsurance support [1][2]. - AIG PC's operating performance is considered adequate, with historical combined and operating ratios lagging behind composite peers, but showing a steady improvement trend due to underwriting and risk management initiatives [2]. Group 3: Business Profile - AIG PC's business profile is assessed as favorable, reflecting its market position and presence in both domestic and global markets, with deep expertise in commercial lines and diverse distribution channels [2].

NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) will report financial results for the fourth quarter and full year ended December 31, 2023, after the market closes on Tuesday, February 13, 2024. AIG’s press release and financial supplement will be available in the Investors section of AIG’s website at https://www.aig.com. AIG will also host a conference call on Wednesday, February 14, 2024, at 8:30 a.m. ET to review these results. The live, listen-only webcast is open to the publi ...

Key PointsConsumers can expect insurance premiums to continue to rise in 2024, creating an opportunity for investors.  Progressive Corporation benefits from the necessity to have auto insurance in a rising rate environment.  American International Group is enacting strong underwriting discipline to increase the company's loss reserves. Chubb caters to higher-income consumers, which may protect its balance sheet. 5 stocks we like better than American International GroupThe rate of inflation is expected to co ...