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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News
- ‘We want to pay it forward': Funding Societies raises $25M to boost capital for SMEs in Southeast Asia [TechCrunch]TechCrunch
- Are American International Group, Inc.'s (NYSE:AIG) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness? [Yahoo! Finance]Yahoo! Finance
- AIG announces launch of new reinsurance syndicate at Lloyd's [Yahoo! Finance]Yahoo! Finance
- AIG Leads Launch of Syndicate 2478 at Lloyd’s Through Multi-Year Blackstone Strategic RelationshipBusiness Wire
- AIG Announces Results and Upsizing of Its Tender Offers for Certain Outstanding NotesBusiness Wire
AIG
Earnings
- 11/4/24 - Beat
AIG
Sec Filings
- 12/17/24 - Form 4
- 12/13/24 - Form 8-K
- 12/11/24 - Form 4
- AIG's page on the SEC website