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

For the quarter ended September 2024, American International Group (AIG) 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.Research Chief Names "Single Best Pick to Double"From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report American International Group, Inc. (AIG): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks