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Why American International Group (AIG) is a Top Value Stock for the Long-Term
Zacks Investment Research· 2024-02-13 15:40
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium includes access to the Zacks Style Scores as we ...
Will High Benefits and Expenses Affect AIG's Q4 Earnings?
Zacks Investment Research· 2024-02-08 18:30
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 ...
What Analyst Projections for Key Metrics Reveal About American International Group (AIG) Q4 Earnings
Zacks Investment Research· 2024-02-08 15:21
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 ...
Chris Inglis Elected to AIG's Board of Directors
Businesswire· 2024-02-07 21:16
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 ...
AIG to Redeem its Series A Preferred Stock, Represented by Depositary Shares
Businesswire· 2024-01-31 21:16
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 ...
AM Best Upgrades Issuer Credit Ratings for American International Group, Inc. and Its Property/Casualty Subsidiaries
Businesswire· 2024-01-26 20:50
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICRs) to “a+” (Excellent) from “a” Excellent) and affirmed the Financial Strength Rating (FSR) of A (Excellent) of American International Group, Inc.’s (AIG) property/casualty (P/C) insurance subsidiaries (collectively referred to as AIG PC). The outlook of the Long-Term ICRs has been revised to stable from positive, while the outlook of the FSR is stable. At the same time, AM Best has upgraded the Long-Term ...
AIG to Report Fourth Quarter and Full Year 2023 Financial Results on February 13, 2024, and Host Conference Call on February 14
Businesswire· 2024-01-16 21:16
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 ...
3 Insurance stocks to own as premiums continue to rise
MarketBeat· 2024-01-10 12:30
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 ...
AIG(AIG) - 2023 Q3 - Earnings Call Presentation
2023-11-02 20:08
Third Quarter 2023 Financial Results Presentation November 2, 2023 Copyright ® 2023 by American International Group, Inc. All rights reserved. No part of this document may be reproduced, republished or reposted without the permission of AIG. Group Performance Strategy Segment Performance GI L&R Other Investments Capital Operating EPS* Increased 92% from the Prior Year Quarter with Co ...
AIG(AIG) - 2023 Q3 - Earnings Call Transcript
2023-11-02 14:21
American International Group, Inc. (NYSE:AIG) Q3 2023 Earnings Conference Call November 2, 2023 8:30 AM ET Company Participants Quentin McMillan - Vice President, Managing Director and Head of Investor Relations Peter Zaffino - Chairman & Chief Executive Officer Sabra Purtill - Executive Vice President & Chief Financial Officer David McElroy - Executive Vice President & Chief Executive Officer, General Insurance Conference Call Participants Meyer Shields - KBW Gary Ransom - Dowling Partners Alex Scott - Gol ...