AIG swings to a profit that beats expectations [MarketWatch]
American International Group, Inc. New (AIG)
Last american international group, inc. new earnings: 2/13 06:45 am
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Source: MarketWatch
AIG swings to a profit that beats expectations American International Group Inc. AIG, -0.35% swung to a fourth-quarter profit that beat expectations, citing the favorable impact of general insurance underwriting and reinsurance actions and a favorable loss reserve development. The stock slipped 0.2% in premarket trading. Net income was $922 million, or $1.03 a share, after a loss of $622 million, or 70 cents a share, in the year-ago period. On an adjusted basis, earnings per share were $1.03 after a per-share loss of 63 cents last year, beating the FactSet consensus of $1.00. Total consolidated net investment income rose to $3.6 billion from $2.8 billion, reflecting higher alternative investment returns. In general insurance, net premiums written fell 9% to $5.83 billion, including a 4% decline in North American and a 13% decline in international. The stock was down 0.8% over the past three months through Wednesday, while the S&P 500 SPX, +0.65% has gained 9.2%.
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AIG
News
- American International Group, Inc. (NYSE: AIG) had its price target raised by analysts at Piper Sandler from $87.00 to $89.00. They now have an "overweight" rating on the stock.MarketBeat
- Why American International Group (AIG) is Poised to Beat Earnings Estimates Again [Yahoo! Finance]Yahoo! Finance
- American International Group, Inc. (NYSE: AIG) had its price target raised by analysts at Citigroup Inc. from $79.00 to $87.00. They now have a "buy" rating on the stock.MarketBeat
- American International Group, Inc. (NYSE: AIG) had its price target raised by analysts at Morgan Stanley from $72.00 to $79.00. They now have an "equal weight" rating on the stock.MarketBeat
- American International Group's (NYSE:AIG) underlying earnings growth outpaced the respectable return generated for shareholders over the past five years [Yahoo! Finance]Yahoo! Finance
AIG
Earnings
- 2/13/24 - Beat
AIG
Sec Filings
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- AIG's page on the SEC website