earnings
confidence high
sentiment positive
materiality 0.75
AIG Q3 adjusted EPS $1.61 (+92% YoY); declares $0.36 common dividend
AMERICAN INTERNATIONAL GROUP, INC.
2023-Q3 EPS reported
$4.83
revenue$36,976,000,000
- Net income $2.0B ($2.81 diluted EPS); adjusted after-tax income $1.2B ($1.61 diluted EPS).
- General Insurance combined ratio 90.5% (improved 680 bps); accident year combined ratio 86.3%.
- Life & Retirement adjusted pre-tax income $971M (+24% YoY) on spread expansion and strong annuity sales.
- Returned $1.0B to shareholders via $785M buybacks and $261M dividends in Q3.
- Closed Validus Re sale to RenaissanceRe; Corebridge closed Laya sale to AXA for €650M.