AIG Beats on Q1 Earnings on Lower Costs, Approves Dividend Hike

American International Group, Inc. (AIG) reported first-quarter 2024 adjusted earnings per share of $1.77, which beat the Zacks Consensus Estimate by 6.6%. The bottom line improved 8.6% year over year.Operating revenues amounted to $12.5 billion, which inched up 0.8% year over year. The top line surpassed the consensus mark by 3.6%.The results were driven by Commercial Lines strength, which, in turn, was aided by favorable underwriting results and a decline in catastrophe losses. Strong contributions from t ...