American International Group (AIG) Q4 Earnings and Revenues Top Estimates

Core Viewpoint - American International Group (AIG) reported strong quarterly earnings, exceeding expectations and showing growth compared to the previous year [1][2]. Financial Performance - AIG's quarterly earnings were $1.79 per share, surpassing the Zacks Consensus Estimate of $1.59 per share and up from $1.36 per share a year ago, representing an earnings surprise of 12.58% [1]. - The company posted revenues of $12.72 billion for the quarter, exceeding the Zacks Consensus Estimate by 9.65% and up from $12.17 billion year-over-year [1]. Market Performance - AIG shares have increased by approximately 2.9% since the beginning of the year, while the S&P 500 has gained 5.3% [2]. - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [4]. Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.71, with expected revenues of $12 billion, and for the current fiscal year, the EPS estimate is $7.21 on revenues of $48.26 billion [4]. - The trend of estimate revisions for AIG is mixed, which may change following the recent earnings report [4]. Industry Context - The Insurance - Multi line industry, to which AIG belongs, is currently ranked in the top 38% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [5]. - James River Group, another company in the same industry, is expected to report a decline in earnings and revenues for the quarter ended December 2023 [5].