American International Group, Inc. (AIG) is well-poised to grow due to strong Global Commercial business, rising net investment income and new business growth.AIG continues to benefit from strong performance in its General Insurance business and the strengthening of insurance rates. Moreover, divestitures are helping the company to streamline its business and enhance capital allocation.AIG, a leading global insurance organization, provides a wide range of property casualty insurance, life insurance, retirem ...

A month has gone by since the last earnings report for American International Group (AIG) . Shares have added about 9.1% in that time frame, outperforming 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 catalysts. AIG Q4 Earnings Be ...

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Core Viewpoint - The article highlights stocks that are recommended for purchase during a recession, emphasizing their ability to enhance portfolio stability and safety regardless of overall economic sentiment [1] Group 1: Stocks Recommended for Recession - PepsiCo (PEP) has a strong dividend yield of 3.1% and projects 4% organic revenue growth for 2024, alongside at least 8% core constant currency EPS growth [2] - Altria (MO) offers a high dividend yield of 9.5% and has reaffirmed its 2024 earnings guidance, expecting adjusted diluted EPS between $5 and $5.15, indicating a growth rate of 1% to 4% from the previous year [5][6] - American International Group (AIG) anticipates robust investment income of at least $750 million per quarter in 2024, with a forecasted EPS increase of 50.7% to $7.51 per share [7][8] Group 2: Company Characteristics - PepsiCo's product mix and branding ensure its resilience during economic downturns, making it a reliable choice for investors [2] - Altria's focus on dividends and share repurchase programs positions it as a stable investment, despite a declining stock price [5][6] - AIG's strong liquidity of $3.6 billion and executed share repurchases of $785 million in Q3 2023 enhance its attractiveness as a recession-proof investment [7][8] Group 3: Analyst Predictions - Analysts predict a modest upside for PepsiCo, with a consensus "Buy" rating and an expected share price increase of 17.2% over the next twelve months [3] - AIG is expected to see a slight top-line expansion of 8.5% alongside significant EPS growth, indicating positive investor sentiment [8]

American International Group, Inc. (AIG) reported fourth-quarter 2023 adjusted earnings per share of $1.79, which outpaced the Zacks Consensus Estimate by 12.6%. The bottom line jumped 31.6% year over year.Operating revenues inched up 4.6% year over year to $12.7 billion in the quarter under review. The top line beat the consensus mark by 9.7%.The strong quarterly results were aided by strong underwriting results in the International business and North America Personal Insurance business of the General Insu ...

American International Group, Inc. (NYSE:AIG) Q4 2023 Earnings Conference Call February 14, 2024 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 Michael Zaremski - BMO Meyer Shields - KBW Elyse Greenspan - Wells ...

Fourth Quarter and Full Year 2023 Financial Results Presentation February 14, 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. Group Performance Strategy Capital 4Q’23 Results FY’23 Results Investments Fourth Quarter Operating EPS* Increased 29% from Prior Year ...

For the quarter ended December 2023, American International Group (AIG) reported revenue of $12.72 billion, up 4.6% over the same period last year. EPS came in at $1.79, compared to $1.36 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $11.6 billion, representing a surprise of +9.65%. The company delivered an EPS surprise of +12.58%, with the consensus EPS estimate being $1.59.While investors closely watch year-over-year changes in headline numbers -- revenue and ear ...

American International Group (AIG) came out with quarterly earnings of $1.79 per share, beating the Zacks Consensus Estimate of $1.59 per share. This compares to earnings of $1.36 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12.58%. A quarter ago, it was expected that this insurer would post earnings of $1.55 per share when it actually produced earnings of $1.61, delivering a surprise of 3.87%.Over the last four quarters, t ...

Core Insights - AIG reported strong financial results for 2023, with adjusted after-tax income per diluted share increasing by 33% to $6.79, reflecting excellent underwriting performance and strategic initiatives [1][6][5] - The company achieved a 15% year-over-year increase in underwriting income within General Insurance, totaling $2.3 billion, with a combined ratio improvement of 130 basis points to 90.6% [2][3] - Life & Retirement segment saw total premiums and deposits exceed $40 billion, benefiting from spread expansion and strong sales [3][14] General Insurance Performance - General Insurance net premiums written rose by 5% year-over-year, driven by a 17% increase in Lexington and a 10% increase in Global Specialty [3][12] - The accident year combined ratio improved to 87.7%, a 100 basis point improvement year-over-year, indicating effective management of underwriting risks [2][13] - North America Commercial Lines pricing increased by 7%, outpacing loss cost trends, while global commercial pricing rose by 6% [3][12] Life & Retirement Segment - Life & Retirement adjusted pre-tax income increased by 12% to $957 million, with Individual Retirement segment showing a significant 34% growth [14][16] - Total premiums and deposits in the Life & Retirement segment grew by 20% to $10.6 billion, driven by strong pension risk transfer volumes [16][14] - Net investment income for Life & Retirement on an APTI basis increased by 15% to $2.6 billion, reflecting higher income from fixed maturity securities and loans [16][15] Capital Management and Shareholder Returns - AIG reduced financial debt by $1.4 billion and returned approximately $4 billion to shareholders through stock repurchases and dividends, including a 12.5% increase in the common stock dividend [4][5] - The company maintained a strong liquidity position with $7.6 billion as of December 31, 2023, up $4 billion from the previous quarter [8][4] - Book value per common share increased by 16% from the previous quarter to $65.14, driven by a decrease in accumulated other comprehensive loss [8][11] Future Outlook - AIG enters 2024 with significant momentum, focusing on excellent underwriting, operations, and claims service to drive continued growth [5][1] - The company plans to deconsolidate Corebridge in 2024, which is expected to enhance visibility into its business and capital structure [4][5]