AIG swings to profit but misses expectations, stock sinks [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 profit but misses expectations, stock sinks Shares of American International Group Inc. AIG, +0.67% sank 3.7% in premarket trading Friday, after the insurer swung to a profit in the third quarter, but missed expectations, while premiums declined from last year. The company reported net income of $648 million, or 72 cents a share, after a loss of $1.26 billion, or $1.41 a share, in the year-ago period, as the company realized a $929 million capital gain this year after a $511 million capital loss last year, and a $1.1 billion reduction in catastrophe losses. Excluding non recurring items, adjusted EPS rose to 56 cents from 34 cents. The FactSet consensus for net EPS was $1.02 and for adjusted EPS was $1.00. Gross premiums written fell 1% to $8.58 billion and net premiums written declined 3% to $6.65 billion. In North America, net premiums written rose 8% to $3.40 billion. "Results are in line with our expectations, particularly in General Insurance, which demonstrated
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AIG
News
- AIG Appoints Christopher Schaper Chief Risk Officer [Yahoo! Finance]Yahoo! Finance
- AIG Appoints Christopher Schaper Chief Risk OfficerBusiness Wire
- American International Group, Inc. (NYSE: AIG) had its price target lowered by analysts at Keefe, Bruyette & Woods from $88.00 to $87.00. They now have an "outperform" rating on the stock.MarketBeat
- American International Group, Inc. (NYSE: AIG) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- RenaissanceRe's Q3 Earnings Beat Despite Rising Claims Costs [Yahoo! Finance]Yahoo! Finance
AIG
Earnings
- 11/4/24 - Beat
AIG
Sec Filings
- 11/14/24 - Form 424B2
- 11/13/24 - Form 13F-HR
- 11/12/24 - Form 4
- AIG's page on the SEC website