Compared to Estimates, American International Group (AIG) Q3 Earnings: A Look at Key Metrics

Core Insights - American International Group (AIG) reported a revenue of $6.84 billion for the quarter ended September 2024, reflecting a decline of 39.8% year-over-year, while EPS was$ 1.23 compared to $1.61 in the same quarter last year [1] - The reported revenue exceeded the Zacks Consensus Estimate of$ 6.62 billion by 3.29%, and the EPS also surpassed the consensus estimate of $1.13 by 8.85% [1] Financial Performance Metrics - Expense Ratio for Total General Insurance was 31.9%, slightly above the average estimate of 31.6% [3] - Combined Ratio for Total General Insurance was reported at 92.6%, better than the estimated 93.9% [3] - Loss Ratio for Total General Insurance stood at 60.7%, compared to the average estimate of 62.3% [3] - Combined Ratio for Total General Insurance - International was 87.9%, outperforming the estimated 91.1% [3] - Net premiums earned in General Insurance - International were$ 3.309 billion, slightly below the estimate of $3.319 billion [3] - Net premiums earned in General Insurance - North America were$ 2.638 billion, exceeding the estimate of $2.445 billion [3] - General Insurance - Net premiums earned totaled$ 5.95 billion, surpassing the average estimate of $5.80 billion, but represented a year-over-year decline of 7.4% [3] - General Insurance - Net investment income was$ 773 million, above the estimate of $743.94 million, reflecting a year-over-year increase of 2.3% [3] - General Insurance - Net premiums written were$ 6.38 billion, below the estimate of $6.51 billion, indicating a year-over-year decline of 1.3% [3] - Adjusted Revenue - Other Operations - Net investment income was$ 125 million, exceeding the estimate of $122.68 million, with a significant year-over-year increase of 267.7% [3] - Adjusted Revenue - Total Other Operations was$ 123 million, below the estimate of $152.34 million, but showed a year-over-year increase of 119.6% [3] - Revenue - Net investment income was$ 973 million, surpassing the estimate of $875.18 million, but represented a substantial year-over-year decline of 72.6% [3] Stock Performance - AIG shares have returned -0.4% over the past month, in contrast to the Zacks S&P 500 composite's +0.4% change [4] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [4]