AIG(US:AIG) Zacks Investment Researchยท2024-05-02 00:01Core Insights - American International Group (AIG) reported $12.47 billion in revenue for Q1 2024, a year-over-year increase of 0.8% and a surprise of +3.57% over the Zacks Consensus Estimate of $12.04 billion [1] - The earnings per share (EPS) for the same period was $1.77, compared to $1.63 a year ago, resulting in an EPS surprise of +6.63% over the consensus estimate of $1.66 [1] Financial Metrics - Combined Ratio for Total General Insurance was 89.8%, better than the estimated 90.7% [2] - Expense Ratio for Total General Insurance was 31.8%, compared to the average estimate of 32% [2] - Loss Ratio for Total General Insurance was 58%, slightly better than the average estimate of 58.7% [2] - Combined Ratio for International - Commercial Lines was 83.6%, outperforming the four-analyst average estimate of 87.9% [2] - Adjusted Revenue for Life and Retirement - Net investment income was $2.65 billion, exceeding the estimate of $2.64 billion and representing a +16.2% change year-over-year [2] - General Insurance - Net premiums earned were $5.79 billion, slightly below the estimate of $5.80 billion, reflecting a year-over-year decline of -7.6% [2] - Adjusted Revenue for Group Retirement was $689 million, compared to the estimate of $693.39 million, showing a +0.9% change year-over-year [2] - Adjusted Revenue for Life Insurance was $1.21 billion, below the average estimate of $1.28 billion, indicating a -2.8% change year-over-year [2] - Adjusted Revenue for Institutional Markets was $2.33 billion, significantly above the estimate of $1.62 billion, representing a +19.3% change year-over-year [2] - Adjusted Revenue for Life and Retirement - Premiums was $2.36 billion, exceeding the estimate of $1.73 billion, with a +7.3% change year-over-year [2] - Adjusted Revenue for Life and Retirement - Policy fees was $714 million, slightly below the estimate of $722.40 million, with a +2.3% change year-over-year [2] - Adjusted Revenue for Individual Retirement was $1.69 billion, matching the estimate and showing a +13.6% change year-over-year [2] Stock Performance - AIG shares have returned -3.5% over the past month, compared to the Zacks S&P 500 composite's -4.1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]