American International Group (AIG) Tops Q4 Earnings and Revenue Estimates

Core Viewpoint - American International Group (AIG) reported quarterly earnings of $1.30 per share, exceeding the Zacks Consensus Estimate of $1.26 per share, but down from $1.79 per share a year ago, indicating a mixed performance in earnings [1][2] Group 1: Earnings Performance - AIG's quarterly earnings surprise was 3.17%, with a previous quarter surprise of 8.85% [1] - Over the last four quarters, AIG has surpassed consensus EPS estimates three times [2] - The company posted revenues of $6.85 billion for the quarter, surpassing the Zacks Consensus Estimate by 1.27%, but down from $12.72 billion year-over-year [2] Group 2: Stock Performance and Outlook - AIG shares have increased approximately 3.2% since the beginning of the year, slightly outperforming the S&P 500's gain of 3.1% [3] - The future stock performance will largely depend on management's commentary during the earnings call and the earnings outlook [4][6] - The current consensus EPS estimate for the upcoming quarter is $1.57 on revenues of $6.73 billion, and for the current fiscal year, it is $6.45 on revenues of $27.8 billion [7] Group 3: Industry Context - The Zacks Industry Rank places the Insurance - Multi line sector in the top 35% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]