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Compared to Estimates, American International Group (AIG) Q3 Earnings: A Look at Key Metrics
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For the quarter ended September 2024, American International Group (AIG - Free Report) reported revenue of $6.84 billion, down 39.8% over the same period last year. EPS came in at $1.23, compared to $1.61 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $6.62 billion, representing a surprise of +3.29%. The company delivered an EPS surprise of +8.85%, with the consensus EPS estimate being $1.13.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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:
Expense Ratio - Total General Insurance: 31.9% compared to the 31.6% average estimate based on four analysts.
Combined Ratio - Total General Insurance: 92.6% versus 93.9% estimated by four analysts on average.
Loss Ratio - Total General Insurance: 60.7% compared to the 62.3% average estimate based on four analysts.
Combined ratio - Total General Insurance - International: 87.9% versus 91.1% estimated by three analysts on average.
Net premiums earned- General Insurance- International: 3,309 3 versus the three-analyst average estimate of 3,319.42 3.
Net premiums earned- General Insurance- North America: 2,638 3 versus 2,444.68 3 estimated by three analysts on average.
General Insurance- Net premiums earned: $5.95 billion versus $5.80 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -7.4% change.
General Insurance- Net investment income: $773 million compared to the $743.94 million average estimate based on three analysts. The reported number represents a change of +2.3% year over year.
General Insurance- Net premiums written: $6.38 billion versus the three-analyst average estimate of $6.51 billion. The reported number represents a year-over-year change of -1.3%.
Adjusted Revenue- Other Operations- Net investment income: $125 million compared to the $122.68 million average estimate based on three analysts. The reported number represents a change of +267.7% year over year.
Adjusted Revenue- Total Other Operations: $123 million versus $152.34 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +119.6% change.
Revenue- Net investment income: $973 million versus the three-analyst average estimate of $875.18 million. The reported number represents a year-over-year change of -72.6%.
Shares of American International Group have returned -0.4% over the past month versus the Zacks S&P 500 composite's +0.4% 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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Compared to Estimates, American International Group (AIG) Q3 Earnings: A Look at Key Metrics
For the quarter ended September 2024, American International Group (AIG - Free Report) reported revenue of $6.84 billion, down 39.8% over the same period last year. EPS came in at $1.23, compared to $1.61 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $6.62 billion, representing a surprise of +3.29%. The company delivered an EPS surprise of +8.85%, with the consensus EPS estimate being $1.13.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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:
- Expense Ratio - Total General Insurance: 31.9% compared to the 31.6% average estimate based on four analysts.
- Combined Ratio - Total General Insurance: 92.6% versus 93.9% estimated by four analysts on average.
- Loss Ratio - Total General Insurance: 60.7% compared to the 62.3% average estimate based on four analysts.
- Combined ratio - Total General Insurance - International: 87.9% versus 91.1% estimated by three analysts on average.
- Net premiums earned- General Insurance- International: 3,309 3 versus the three-analyst average estimate of 3,319.42 3.
- Net premiums earned- General Insurance- North America: 2,638 3 versus 2,444.68 3 estimated by three analysts on average.
- General Insurance- Net premiums earned: $5.95 billion versus $5.80 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -7.4% change.
- General Insurance- Net investment income: $773 million compared to the $743.94 million average estimate based on three analysts. The reported number represents a change of +2.3% year over year.
- General Insurance- Net premiums written: $6.38 billion versus the three-analyst average estimate of $6.51 billion. The reported number represents a year-over-year change of -1.3%.
- Adjusted Revenue- Other Operations- Net investment income: $125 million compared to the $122.68 million average estimate based on three analysts. The reported number represents a change of +267.7% year over year.
- Adjusted Revenue- Total Other Operations: $123 million versus $152.34 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +119.6% change.
- Revenue- Net investment income: $973 million versus the three-analyst average estimate of $875.18 million. The reported number represents a year-over-year change of -72.6%.
View all Key Company Metrics for American International Group here>>>Shares of American International Group have returned -0.4% over the past month versus the Zacks S&P 500 composite's +0.4% 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.