- Insurance - Diversified
- Financial Services
-
7.20
EPS
-
10.00
P/E
-
46.4B
MARKET CAP
-
2.05%
DIV YIELD
Company Overview
1271 AVE OF THE AMERICAS,NEW YORK NY 10020-1304,2127707000
CEO
Mr. Peter Salvatore Zaffino
Employess
25000
Sector
Financial Services
Industry
Insurance - Diversified
Website
https://www.aig.com
American International Group, Inc. offers insurance products for commercial, institutional, and individual customers in North America and internationally. The company's General Insurance segment provides general liability, environmental, commercial automobile liability, workers' compensation, casualty, and crisis management insurance products; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, crop, and marine insurance. It also provides professional liability insurance products for a range of businesses and risks, including directors and officers, mergers and acquisitions, fidelity, employment practices, fiduciary liability, cyber risk, kidnap and ransom, and errors and omissions insurance. In addition, this segment offers personal auto and property insurance, such as auto, homeowners, umbrella, yacht, fine art, and collections; voluntary and sponsor-paid personal accident; supplemental health products; extended warranty insurance products; and travel insurance products. Its Life and Retirement segment offers variable annuities, index and fixed annuities, and retail mutual funds; and financial planning and advisory services; record-keeping, plan administrative, and compliance services; and term life and universal life insurance. It also provides stable value wrap products, and structured settlement and pension risk transfer annuities; and corporate- and bank-owned life insurance and guaranteed investment contracts. This segment sells its products through independent marketing organizations, independent insurance agents, financial advisors, direct marketing, banks, and broker-dealers. The company was founded in 1919 and is headquartered in New York, New York.
Next Earnings Date
Nov. 6, 2024
Ex Dividends date
Sep. 30, 2024
Dividend Date
Sept. 16, 2024
YTD Performance
4.68%
Fiscal Year End
12-31
IPO Date
1973-01-02
Growth Rates
| (avg. rate of change) | 10 years | 5 years | 3 years | 1 year |
|---|---|---|---|---|
| Sales/Revenue | -3.84% | -0.10% | 2.53% | -16.43% |
| EPS | -2.03% | 275.97% | 40.07% | -61.68% |
| Equity | -7.65% | -4.25% | -11.92% | 13.37% |
| Cash | -0.39% | -5.59% | -8.65% | 5.48% |
| Return On Capital (ROIC) | 6.28% | 5.79% | 10.84% | 5.75% |
Debt
| year (millions) | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Short Term Debt | 250 | 1,500 | 68 | 1,900 | 1,540 |
| Long Term Debt | 22,100 | 25,700 | 30,200 | 37,500 | 35,400 |
| LT Finance Leases | 919 | 1.1 | 1,200 | 1,000 | 733 |
| Shares Outstanding | 720 | 779 | 854 | 869 | 877 |
| Market Cap | 48,700 | 49,200 | 48,600 | 32,900 | 45,000 |
Price
News
AIG Q2 Earnings Miss Estimates on High Catastrophe Losses
2 monthsAIG's second-quarter results are affected by higher global catastrophe losses. This was partially offset by improved net investment income.
zacks.com
American International Group, Inc. (AIG) Q2 2024 Earnings Call Transcript
2 monthsAmerican International Group, Inc. (NYSE:AIG ) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Quentin McMillan - VP, Managing Director & Head of IR Peter Zaffino - Chairman & CEO Sabra Purtill - EVP & CFO| Don Bailey - EVP & CEO, North America Insurance Jon Hancock - EVP & CEO, International Insurance Conference Call Participants Michael Zaremski - BMO Capital Markets Meyer Shields - KBW Elyse Greenspan - Wells Fargo Securities Rob Cox - Goldman Sachs Mike Ward - Citigroup Operator Good day, and welcome to AIG's Second Quarter 2024 Financial Results Conference Call. This conference is being recorded.
seekingalpha.com
American International Group (AIG) Reports Q2 Earnings: What Key Metrics Have to Say
2 monthsThe headline numbers for American International Group (AIG) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
zacks.com
American International Group (AIG) Q2 Earnings and Revenues Lag Estimates
2 monthsAmerican International Group (AIG) came out with quarterly earnings of $1.16 per share, missing the Zacks Consensus Estimate of $1.39 per share. This compares to earnings of $1.75 per share a year ago.
zacks.com
AIG misses profit estimates on lower underwriting income, catastrophe losses
2 monthsAmerican International Group reported a smaller-than-expected rise in second-quarter profit on Wednesday, hurt by lower underwriting income in its general insurance unit tied to divestitures and higher catastrophe losses.
reuters.com
AIG Reports Exceptional Second Quarter 2024 Results
2 monthsNEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today reported financial results for the second quarter ended June 30, 2024. AIG Chairman & Chief Executive Officer Peter Zaffino said: “AIG had an outstanding second quarter and delivered terrific underwriting results across all of our businesses. The quarter marked one of the most notable accomplishments in AIG's history with the deconsolidation of Corebridge, a process which began in 2020 and significantly advanced.
businesswire.com
Thanks, CrowdStrike Outage! 7 Insurance Stocks That Could See Increased Demand for Cyber Insurance.
2 monthsThe recent CrowdStrike (NASDAQ: CRWD ) outage may be bad news for CRWD stock, but it may be a different story for cyber insurance stocks. In other words, shares in property and casualty (P&C) insurance companies that offer cyber insurance products.
investorplace.com
Q2 Beat or Miss: What's Ahead for These 5 Insurance Stocks?
2 monthsImproving business environment, underwriting practices and other factors are expected to have benefited insurance players in the second quarter. MET, AFL, AIG, ALL and EG will release earnings on Jul 31.
zacks.com
Will American International's (AIG) Q2 Earnings Hit a Pothole?
2 monthsAmerican International's (AIG) second-quarter results are likely to reflect lower profits from General Insurance.
zacks.com
Countdown to American International Group (AIG) Q2 Earnings: A Look at Estimates Beyond Revenue and EPS
2 monthsLooking beyond Wall Street's top -and-bottom-line estimate forecasts for American International Group (AIG), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.
zacks.com
Analysts Estimate American International Group (AIG) to Report a Decline in Earnings: What to Look Out for
2 monthsAmerican International Group (AIG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
zacks.com
Why You Should Hold American International (AIG) Stock Now
3 monthsAmerican International (AIG) is expected to benefit from rising premiums in the General Insurance business, improving investment income, enhanced savings from AIG Next, and streamlining initiatives.
zacks.com