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American International Group (AIG) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
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American International Group (AIG - Free Report) reported $12.47 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 0.8%. EPS of $1.77 for the same period compares to $1.63 a year ago.
The reported revenue represents a surprise of +3.57% over the Zacks Consensus Estimate of $12.04 billion. With the consensus EPS estimate being $1.66, the EPS surprise was +6.63%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how American International Group performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Combined Ratio - Total General Insurance: 89.8% versus 90.7% estimated by five analysts on average.
Expense Ratio - Total General Insurance: 31.8% compared to the 32% average estimate based on five analysts.
Loss Ratio - Total General Insurance: 58% compared to the 58.7% average estimate based on five analysts.
Combined Ratio - International - Commercial Lines: 83.6% versus the four-analyst average estimate of 87.9%.
Adjusted Revenue- Life and Retirement- Net investment income: $2.65 billion versus $2.64 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +16.2% change.
General Insurance- Net premiums earned: $5.79 billion versus the five-analyst average estimate of $5.80 billion. The reported number represents a year-over-year change of -7.6%.
Adjusted Revenue- Group Retirement: $689 million versus $693.39 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +0.9% change.
Adjusted Revenue- Life Insurance: $1.21 billion compared to the $1.28 billion average estimate based on four analysts. The reported number represents a change of -2.8% year over year.
Adjusted Revenue- Institutional Markets: $2.33 billion versus $1.62 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +19.3% change.
Adjusted Revenue- Life and Retirement- Premiums: $2.36 billion compared to the $1.73 billion average estimate based on four analysts. The reported number represents a change of +7.3% year over year.
Adjusted Revenue- Life and Retirement- Policy fees: $714 million versus $722.40 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +2.3% change.
Adjusted Revenue- Individual Retirement: $1.69 billion versus $1.69 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +13.6% change.
Shares of American International Group have returned -3.5% over the past month versus the Zacks S&P 500 composite's -4.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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American International Group (AIG) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
American International Group (AIG - Free Report) reported $12.47 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 0.8%. EPS of $1.77 for the same period compares to $1.63 a year ago.
The reported revenue represents a surprise of +3.57% over the Zacks Consensus Estimate of $12.04 billion. With the consensus EPS estimate being $1.66, the EPS surprise was +6.63%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how American International Group performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Combined Ratio - Total General Insurance: 89.8% versus 90.7% estimated by five analysts on average.
- Expense Ratio - Total General Insurance: 31.8% compared to the 32% average estimate based on five analysts.
- Loss Ratio - Total General Insurance: 58% compared to the 58.7% average estimate based on five analysts.
- Combined Ratio - International - Commercial Lines: 83.6% versus the four-analyst average estimate of 87.9%.
- Adjusted Revenue- Life and Retirement- Net investment income: $2.65 billion versus $2.64 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +16.2% change.
- General Insurance- Net premiums earned: $5.79 billion versus the five-analyst average estimate of $5.80 billion. The reported number represents a year-over-year change of -7.6%.
- Adjusted Revenue- Group Retirement: $689 million versus $693.39 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +0.9% change.
- Adjusted Revenue- Life Insurance: $1.21 billion compared to the $1.28 billion average estimate based on four analysts. The reported number represents a change of -2.8% year over year.
- Adjusted Revenue- Institutional Markets: $2.33 billion versus $1.62 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +19.3% change.
- Adjusted Revenue- Life and Retirement- Premiums: $2.36 billion compared to the $1.73 billion average estimate based on four analysts. The reported number represents a change of +7.3% year over year.
- Adjusted Revenue- Life and Retirement- Policy fees: $714 million versus $722.40 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +2.3% change.
- Adjusted Revenue- Individual Retirement: $1.69 billion versus $1.69 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +13.6% change.
View all Key Company Metrics for American International Group here>>>Shares of American International Group have returned -3.5% over the past month versus the Zacks S&P 500 composite's -4.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.