AIG(US:AIG) ZACKSยท2024-11-04 23:42Core Viewpoint - American International Group (AIG) reported quarterly earnings of $1.23 per share, exceeding the Zacks Consensus Estimate of $1.13 per share, but down from $1.61 per share a year ago, indicating an earnings surprise of 8.85% [1][2] Financial Performance - AIG's revenues for the quarter ended September 2024 were $6.84 billion, surpassing the Zacks Consensus Estimate by 3.29%, compared to $11.36 billion in revenues from the same quarter last year [2] - Over the last four quarters, AIG has exceeded consensus EPS estimates three times and has topped consensus revenue estimates three times as well [2] Stock Performance - AIG shares have increased approximately 11.8% since the beginning of the year, while the S&P 500 has gained 20.1% [3] - The current Zacks Rank for AIG is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Future Outlook - The consensus EPS estimate for the upcoming quarter is $1.45 on revenues of $6.92 billion, and for the current fiscal year, it is $4.99 on revenues of $26.93 billion [7] - The outlook for the insurance industry, particularly the Zacks Insurance - Multi line sector, is currently in the top 36% of over 250 Zacks industries, suggesting a favorable environment for AIG [8]