Wall Street expects a year-over-year decline in earnings on lower revenues when American International Group (AIG) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on November 4, 2024, might help the stock move higher if these key numbers ...

Leadership Change - Keith Walsh appointed as new executive vice president and CFO of AIG, effective Oct 21, 2024 [1] - Walsh brings over two decades of finance leadership experience, including roles at Marsh & McLennan and Citigroup [2] - He will oversee AIG's global finance organization and report to CEO Peter Zaffino [1][2] - Sabra Purtill, the outgoing CFO, will continue to support strategic projects and ensure a smooth transition [1] Industry Context - The insurance industry is benefiting from a high-interest environment, which is boosting investment income [3] - Insurers are experiencing consistent growth in premiums [3] - AIG's return on equity of 9.5% is below the industry average of 16%, indicating inefficiency in generating profits [3] Financial Performance - AIG's shares have declined by 4.5% over the past six months, compared to the industry's 2.2% growth [4] - The company currently holds a Zacks Rank 5 (Strong Sell) [5] Comparison with Peers - MGIC Investment Corporation (MTG) is a better-ranked player in the finance space with a Zacks Rank 1 (Strong Buy) [5] - MGIC's current-year earnings are expected to grow by 9.1% year-over-year [5] - The consensus estimate for MGIC's current-year revenues is $1.2 billion, reflecting a 4.7% increase from the previous year [5]

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RobsonPL Comparison to Chubb Reveals Underwriting Strength After the deconsolidation of Corebridge Financial (CRBG), AIG's (NYSE:AIG) business mix now closely resembles that of industry-leading peer, Chubb (CB). I like to compare AIG to Chubb to gauge their performance. Consider the following two graphics from recent company investor presentations. AIG's Business Overview AIG Q2 2024 Results Presentation Chubb Business Overview Chubb Q2 2024 Results Presentation The following table provides a high-level ...

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:5E Advanced Materials, Inc. (FEAM) is a mineral exploration company. The Zacks Consensus Estimate for its current year earnings has been revised 115.6% downward over the last 60 days.Azul S.A. (AZUL) is an air transport company. The Zacks Consensus Estimate for its current year earnings has been revised 71.6% downward over the last 60 days.American International Group, Inc. (AIG) is an insurance company. The Zacks Consensus Estimate f ...

Start Time: 16:20 January 1, 0000 5:05 PM ET American International Group, Inc. (NYSE:AIG) 2024 Keefe, Bruyette & Woods Insurance Conference September 04, 2024, 16:20 PM ET Company Participants Peter Zaffino - Chairman and CEO Conference Call Participants Meyer Shields - Keefe, Bruyette & Woods Meyer Shields Going to move right along and I'm thrilled to have Peter Zaffino, CEO of AIG. He is going to make some opening comments and then the regular Q&A plus audience participation from there on. Peter Zaffino ...

A month has gone by since the last earnings report for American International Group (AIG) . Shares have added about 1.6% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is American International Group due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. AIG Q2 Earnings Mi ...

Investors are shaken up after last week's volatility in the stock market, which rocked indexes from Tokyo to New York. This left all participants with the concern that more could be coming in the following weeks. Knowing that there is a confidence gap to be filled for those who rely on professional advice and information, some banks have stepped forward to help out.Today, Goldman Sachs Group Inc. NYSE: GS analysts shed some light on the potential selection criteria that could help investors navigate today's ...

American International Group, Inc. (AIG) reported second-quarter 2024 adjusted earnings per share of $1.16, which missed the Zacks Consensus Estimate by 16.6%. However, the bottom line improved 9.4% year over year.Operating revenues amounted to $6.6 billion, which declined 11.8% year over year. However, the top line significantly missed the consensus mark.The weaker-than-expected results were caused by an increase in catastrophe losses and higher general operating and other expenses. This was partially offs ...

Second Quarter 2024 Financial Results Presentation July 31, 2024 Copyright ® 2024 by American International Group, Inc. All rights reserved. No part of this document may be reproduced, republished or reposted without the permission of AIG. Q2 2024 Earnings Key Themes • Exceptional second quarter financial and operational performance across all of AIG • Delivered outstanding underwriting results, inclusive of catastrophes, with continued expense discipline • Global Commercial had an excellent quarter with st ...