AIG Q2 adjusted EPS $1.75 (highest since 2007); declares $0.36 dividend; sells Validus Re for $2.74B

AMERICAN INTERNATIONAL GROUP, INC.

2023-Q2 EPS reported $2.05 revenue$24,202,000,000

Net income $1.5B ($2.03 dil EPS) vs $2.7B prior year; adjusted EPS $1.75 (highest since 2007) vs $1.39.
General Insurance combined ratio 90.9%; accident year combined ratio 88.0% - best Q2 since 2007.
Life & Retirement APTI $991M (+33%); premiums and deposits $10.1B (+42%) on record Fixed Index Annuity sales.
Quarterly common dividend raised 12.5% to $0.36/share; repurchased $554M stock in Q2.
Sale of Validus Re to RenaissanceRe for ~$2.74B cash + $250M stock; closed Crop Risk Services sale for $240M.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

AMERICAN INTERNATIONAL GROUP, INC. reported the quarter ended June 30, 2023 results: net income $1.5 billion, EPS $2.03 per diluted common share.

Period: the quarter ended June 30, 2023
Net income: $1.5 billion
EPS: $2.03 per diluted common share
Result: reported results

Exact text from the filing

Net income attributable to AIG common shareholders was $1.5 billion, compared to $2.7 billion in the prior year quarter, or $2.03 compared to $3.43 per diluted common share.

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

AMERICAN INTERNATIONAL GROUP, INC. filing history →

Source: SEC EDGAR

accession 0000005272-23-000029

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