American International Group, Inc. (AIG) is set to report its second-quarter 2024 results on Jul 31, after the closing bell.The Zacks Consensus Estimate for second-quarter earnings is currently pegged at $1.39 per share, implying a decrease of 20.6% from the year-ago reported number. The estimate was revised downward by four analysts in the past month against one movement in the opposite direction, resulting in a decrease of 21.9% from $1.78 per share. The Zacks Consensus Estimate for second-quarter revenue ...

Core Insights - Analysts project that American International Group (AIG) will report quarterly earnings of $1.39 per share, a decline of 20.6% year over year, with revenues expected to reach $12.23 billion, down 6.9% from the same quarter last year [1] Earnings Estimates - There has been a 4% downward revision in the consensus EPS estimate over the last 30 days, indicating a collective reconsideration by analysts [1] - The consensus estimate for 'Adjusted Revenue- Life and Retirement- Net investment income' is projected at $2.74 billion, reflecting a year-over-year increase of 10.6% [2] - 'General Insurance- Net premiums earned' is estimated at $5.76 billion, indicating a decline of 11.4% year over year [2] - 'Adjusted Revenue- Group Retirement' is expected to reach $689.52 million, showing a slight decrease of 0.1% year over year [2] Additional Revenue Metrics - The consensus for 'Adjusted Revenue- Life Insurance' stands at $1.29 billion, suggesting a year-over-year increase of 0.5% [3] - 'Adjusted Revenue- Institutional Markets' is projected at $2.00 billion, indicating a decline of 15.5% from the prior-year quarter [3] Insurance Ratios - Analysts predict a 'Combined Ratio - Total General Insurance' of 92.0%, compared to 90.9% from the previous year [3] - The 'Expense Ratio - Total General Insurance' is expected to be 32.0%, up from 31.6% year over year [3] - The 'Loss Ratio - Total General Insurance' is forecasted to be 58.8%, slightly improved from 59.3% in the same quarter last year [3] Regional Combined Ratios - 'Combined Ratio - International - Commercial Lines' is estimated at 87.1%, compared to 89% from the previous year [4] - 'Combined Ratio - North America - Personal Insurance' is projected at 100.2%, down from 112.9% in the same quarter last year [4] - 'Combined Ratio - International - Personal Insurance' is expected to be 98.3%, slightly up from 98% year over year [4] - 'Combined Ratio - North America - Commercial Lines' is forecasted at 90.5%, compared to 85.6% from the previous year [4] Stock Performance - Over the past month, AIG shares have recorded a return of +0.4%, contrasting with the S&P 500 composite's -1.2% change [5] - AIG holds a Zacks Rank 3 (Hold), suggesting that its performance is likely to align with the overall market in the upcoming period [5]

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Group 1 - American International Group, Inc. (AIG) has entered into a definitive agreement to divest its global individual personal travel insurance and assistance business for $600 million in cash, with additional earn-out consideration to Zurich Insurance Group, expected to be completed by the end of 2024 [1] - The sale includes AIG's Travel Guard line and servicing capabilities, excluding Japan and its joint venture in India, as well as travel insurance offered through its Accident & Health line, which will simplify operations and free up capital for AIG [1] - AIG is focusing on its General Insurance business to improve profitability, bolster liquidity, and reduce portfolio volatility, as evidenced by recent divestments from global insurance organizations [2] Group 2 - AIG aims to become a pure-play Property and Casualty insurer, with improving underwriting results indicated by a 210 basis point improvement in the combined ratio in the first quarter [3] - AIG shares have gained 32.6% over the past year, outperforming the industry growth of 26% [4] - The company has repurchased shares worth $1.7 billion in Q1 2024 and $613 million in April, while also increasing its dividend by 11% in Q1 2024, indicating a commitment to enhancing shareholder value [2]

Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view i ...

Product diversification helps Zacks Multiline Insurance industry players lower concentration risk, ensure uninterrupted revenue generation and improve retention ratio. Better pricing, prudent underwriting, increased exposure and faster economic recovery should benefit MetLife Inc. (MET) , American International Group Inc. (AIG) , Prudential Financial Inc. (PRU) , The Hartford Financial Services Group (HIG) and Old Republic International Corporation (ORI) . Accelerated digitalization will help in the smooth ...

American International Group, Inc. (AIG) has recently marked a major milestone with the deconsolidation of Corebridge Financial, Inc. (CRBG) for accounting purposes. It gave up majority control over Corebridge's board of directors, signified by the resignation of Chris Schaper, AIG's executive vice president and global chief underwriting officer, from Corebridge's board, which now has 12 members.This action finalizes the long-awaited separation of the two companies. For several years, AIG meticulously plann ...

Kelowna, British Columbia--(Newsfile Corp. - June 10, 2024) - Genesis AI Corp. (CSE: AIG) (OTCQB: AIGFF) (the "Company") is pleased to announce the release of their wildfire tool, Wildfire Defence Solutions, using a custom GPT and machine learning.Image 1To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8053/212070_26a0271654506a56_002full.jpgWildfire Defence Solutions is the first release of a developing suite of the highest quality software that cities, towns ...

American International Group, Inc. (NYSE:AIG) Bernstein’s 40th Annual Strategic Decisions Conference May 29, 2024 11:00 AM ET Company Participants Peter Zaffino - Chairman, CEO Conference Call Participants Ryan Tunis - Autonomous Ryan Tunis Thanks for joining us. I'm Ryan Tunis, I'm the insurance analyst at Autonomous. I'm happy to have with us Peter Zaffino, Chairman and CEO of AIG. I think AIG is one of the more interesting stories in insurance for sure. We're going to have a conversation but first Peter ...

Group 1: AIG's Divestment and Strategic Moves - AIG has agreed to divest approximately 120 million common stocks of its Corebridge Financial subsidiary to Nippon Life Insurance for $3.8 billion, equating to a 20% ownership stake in CRBG [1] - The divestment is expected to be finalized by Q1 2025, with AIG retaining a 9.9% stake in CRBG for two years post-transaction [1] - This move is aimed at enhancing Corebridge's investor base and expanding Nippon Life's presence in the U.S. market [1] Group 2: Financial Performance and Strategic Focus - AIG closed the IPO of Corebridge in September 2022 and has been reducing its ownership through secondary offerings to generate cash [2] - The company is streamlining operations to focus on its General Insurance business, which is expected to improve profitability and reduce portfolio volatility [2] - Recent divestments from global insurance organizations highlight AIG's commitment to refocusing on core operations [2] Group 3: Stock Performance - AIG shares have increased by 50.8% over the past year, outperforming the industry growth of 28.7% [4]